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Sunday, 23 October 2016


Investment in Georgia. Gates to Nowhere

2011-10-07 14:20

Investment in Georgia. Gates to Nowhere. 22942.jpegSaakashvili can not abandon his dream to make Georgia to be similar to Singapore. With help of overseas friends from Financial Times the president has sent Prime Minister Nika Gilauri in an investment tour and he should bring into the country a bag of money. For this the Americans have created a special website which tells how great it is to invest your money into Sakartvelo. The project was called "Invest in Georgia. The Gateway to Europe" and was notably advertised. But what is hidden under the shiny



They have tried to attract donations to Georgia many ways. Economic Development Minister Veronica Kobalia radiantly smiled to Israelis, Nika Gilauri tried to charm the Chinese, but the one billion which Mikhail Saakashvili promised to his people remained government's dream. The next year they will have to pay the debts, but Tbilisi has no money. However, Georgian leader doesn't give up. In retaliation for Tuvalu's recognition of sovereignty of Abkhazia and South Ossetia he sent Nika Gilauri in the ocean tour on Foreign Minister Grigol Vashadze. Singapore, New Zealand and Australia - these are the keys which will help Sakartvelo to open door to a brighter future.

The next step to attract investment was made through American friends from Financial Times, who organized business forum "Invest in Gerogia. The Gateway to Europe" in Singapore. But it's a mystery how Asian economy should lead Georgia into the arms of the European Union. But Saakashvili is sure that only such an alloy will cause the Brussels and NATO to admit that Tbilisi is a perfect partner, executive and faithful. And Nika Gilauri tried his best, holding forth before foreign investors and telling them story of how profitable it is to start business in Georgia.

This time he was much more keen-witted and tried not to focus on four million Georgians who allegedly are a great consumer market. The Prime Minister has decided to show the world his knowledge in geography, emphasizing the fact that only Georgia can become a bridge between Europe and Asia. Well, if this bridge was at least a little like a glass "gasket" in the old part of Tbilisi then foreign businessmen will get cognitive dissonance for sure. Because half a kilometer Peace Bridge harmonizes with the ensemble of Georgian architecture just like a dirty beer bottle with a box of toys.

It is obvious that the ambitions of the Georgian government is actively fed by overseas puppeteers because Saakashvili's attempts to get money for the next modernization or new facility construction is very reminiscent of Scarlett O'Hara, who exclaims in the background of plundered plantation: "I'd rather cheat, steal or kill, but I will never starve!" Perhaps, Georgian president manages to cheat and steal from his people, but every year investors are more and more skeptical about the business climate in the Caucasus republic. The case of Fuchs and Frenkel and procedural agreements overshadow false speech of the Georgian government.

"Our main goal is to create a comfortable environment for private sector. The results of this are obvious. Now we need to look at the law and regulation through the eyes of the private sector. Our goal is creating an environment without corruption, lower taxes and efficient logistics. Georgia has become the most important crossroad in the region. Many large companies are investing in the country's economy", said Gilauri at the event in Singapore. Let's look at this project thoroughly.

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