Giorgi Kvirikashvili, Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia delivered a speech at investors' conference organized by the Bank of Georgia and its subsidiary company - Galt & Taggart on September 4, at Radisson Blu Iveria Hotel, Tbilisi. The conference of this format is firstly held in Georgia and is devoted to the Georgian stock market development prospects, reports GHN based on Ministry of Economics and Sustainable Development.
The conference was attended by 40 foreign investors including the companies such as Goldman Saches, UBS, Bank of America, Citi, and Renaissance Capital. The investors, owners of the stock of Georgian state and private companies took part in the conference.
According to Giorgi Kvirikashvili, Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia, it is very important that the international investors participating in the conference consider Georgia not as the country of separated investment potential, but as the part of the region with important investment opportunities. He also assessed the positive dynamics of doubled stock price of the Bank of Georgia since 2012 that will positively dispose the investors towards Georgia.
Giorgi Kvirkashvili, Vice Prime Minister also discussed the issues regarding the regional prospects of stock market development. According to him, Georgia is working on the legislation and implementing successful administrative reforms. The development strategy of the above-mentioned sector will be presented to the society.
Archil Mestvirishvili, the Vice-Governor of National Bank of Georgia (NBG), Irakli Gilauri, CEO of Bank of Georgia Holdings made presentations at the Conferece.
The conference is aiming at connecting the existing and potential investors who are interested or have already made investments in Georgian companies. The participants of the conference who has already invested over 1 billion USD in Georgia and Azerbaijan got familiar with the information about the economic processes of the countries.