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“AMONG THE COUNTRIES WHERE WE WORK, GEORGIA IS THE MOST DEVELOPED” – CZECH DEVELOPMENT AGENCY

“Of the six countries we work in, Georgia is probably the most developed and easiest to work here,” Jan Sliva, director of the Czech Development Agency, told Forbes Georgia, who is leading an official delegation from the Czech Republic.

According to Sliva, the Czech Development Agency in Georgia will finance 18 projects in 2021. The volume of the agency’s projects is equal to 2 million euros per year.

“Georgia has a large share of our cooperation. This is slightly less, for example, in Ethiopia, Bosnia and Moldova. However, the projects we are implementing here are of high quality. Unlike other countries, we do not provide large-scale infrastructure here. We do smaller projects, though – more targeted. “It can be said that among the six countries, Georgia is probably the most developed and the easiest to work here,” said Ian Sliva.

The projects of the Czech Development Agency in Georgia are diverse, including in the fields of health, agro-tourism, environment.

“All our projects are focused on development in some way, be it honey production or something else. For example, we have a rather complex project in forestry. These projects help Georgia develop its agricultural economy. And if, for example, this applies to DCFTAs, help them export. “The projects, of course, are being implemented with the Georgian government and are always in line with Georgia’s priorities,” said the director of the Czech Development Agency.

For reference, within the framework of the visit of the delegation of the Czech Development Agency, the opening of a multifunctional regional center of beekeeping is planned in Tbilisi on Thursday. The delegation will also visit Rukhi and Batumi hospitals in Adjara. The newly built hospitals in Rukhi and Batumi were equipped with modern equipment with the financial support of the Czech Development Agency. The delegation will also visit the Zugdidi Screening Center, which was built and equipped by Caritas Czech Republic with the financial support of the Czech Development Agency.

On April 19, the Agency delegation signed two memoranda of understanding with the Ministry of Internally Displaced Persons from the Occupied Territories of Georgia, Labor, Health and Social Affairs. The memoranda include cooperation in two projects implemented in Georgia with the financial assistance of the Czech Republic: “Road to Home”, which aims to create alternative social services for adolescent development in Georgia (total budget about 780,000 euros) and strengthening primary health care in Georgia (total budget 1,233 000 Euros).

FORBES NAMED GEORGIA AMONG THE 15 DESTINATIONS THAT WILL RECEIVE VACCINATED TOURISTS

American Forbes names the 15 best European destinations that are ready to host travelers vaccinated against coronavirus. Georgia is among them.

As the European Commission prepares to issue new digital Kovid passports, several countries have recognized the document and are willing to accept tourists on relatively light terms so that the summer tourist season does not fall this year anyway.

The European Union plans to issue passports to citizens who are fully vaccinated, allowing them to travel without a quest and quarantine. The document will state your name, surname, date of birth, health system identifier, time of test, date of vaccination, etc.

The first country to start issuing Covid-passports is Iceland. This country also intends to recognize Covid certificates issued by other European countries. Greece and Portugal, as well as Georgia, Sweden, Denmark, Spain and others are ready to make a similar decision. These countries will receive vaccinated travelers at a reduced rate.

“Last year, Tbilisi was named the safest tourist destination. Georgia has managed to maintain its status as one of the least affected tourist destinations in Kovid.

“Culture, nature, history, gastronomic discoveries and shopping – Tbilisi is the number one city among the most trendy European destinations for the summer,” – writes the American Forbes.

The publication notes that Georgia will allow tourists from any country who have already been vaccinated without quarantine and additional testing.

As for the rest of the 14 best European tourist destination, where the vaccinated people will be able to travel, as follows:

-madeira, Portugal
-kundzuli kepalonia, Greece
-azoris Islands, Portugal
-kreta, Greece
-islandia
-tsavtati, Croatia
-sevilia, Spain
-ateni, Greece
-Ruberg Knud, Denmark
-Rhodes, Greece
-Copenhagen, Denmark
-Canary Islands, Spain
-Kosi Island, Greece
-Stockholm, Sweden.

TBILISI RANKS FIRST IN THE RANKING OF THE BEST DESTINATIONS FOR VACCINATED TRAVELERS

Portal – European Best Destinations publishes a ranking of the cities that are the best travel destinations for vaccinated travelers. The capital of Georgia takes the first place in the ranking (Best Destination for vaccinated travelers 2021).
Apart from Tbilisi, the ranking includes such tourist destinations as: Copenhagen, Kefalonia, Seville, Athens, Stockholm, Canary Islands, Madeira, Batumi (4th place) and others.

The organization also publishes the ranking of safe travel destinations in 2021 (Coronavirus – Safest Destinations to Visit in 2021), where Tbilisi ranks 3rd. The rating covers areas where travel is safe in terms of coronavirus, there is no need for quarantine and the recommendations developed by the World Health Organization are followed.

“If you are looking for culture, nature, health, gastronomic diversity, or just a popular urban tourist destination for shopping, Tbilisi – the capital of Georgia is ideal for the 2021 holidays. Why should you discover Tbilisi in 2021? As never before, we now know that we have to enjoy life and it is impossible to postpone outstanding trips. Georgia, and especially Tbilisi, is traditional and modern, cosmopolitan, multi-ethnic, truly unique and authentic. Georgia has responded to the health crisis very quickly and positively with effective and innovative approaches. “As soon as the number of Covid-19 cases decreased and the vaccine became available, the country opened its borders to vaccinated travelers without requiring quarantine and additional testing,” the EBD said in a statement.

Vaccinated visitors to Georgia can travel from February 1 this year. Safety norms have been developed to protect the health of both travelers and local citizens, so that international visitors can spend their holidays in Georgia safely.

“Europe’s Best Travel Destinations” is an independent organization created to promote and promote culture and tourism in Europe. The organization periodically publishes a ranking of various topics in the tourism industry and is one of the most trusted sources for travelers.

The organization’s ratings and travel articles are covered on leading platforms such as Forbes, Lonely Planet, Con De Nast, Independent, Euronews, Tripadvisor and more.

ACCORDING TO THE “ECONOMIC FREEDOM INDEX”, GEORGIA RANKS 12TH IN THE WORLD

According to the 2021 Economic Freedom Index published by the Heritage Foundation, Georgia, with a total score of 77.2, is ranked 12th in the world and 7th among 45 countries in the European region. The Ministry of Economy spreads information about it.

According to them, the country is placed in the group of most free economies of the index.

“Compared to the 2020 index, in the current reporting year, Georgia has improved its data by improving the scores in 5 components of the rating. These components are court efficiency (59.3 points), tax burden (89.1 points), government spending (76.9 points), fiscal freedom (94.9 points) and freedom of labor (76.7 points).

It should be noted that the score assigned to Georgia is significantly higher than the average data for the European region and the world as a whole. In this respect, Georgia is ahead of countries such as the Netherlands, Finland, Luxembourg, Sweden, Austria, the Czech Republic, Norway, Germany, Latvia, Lithuania, Belgium, Spain, Hungary, Portugal, Slovenia, France, Italy, Croatia in terms of economic freedom in Europe. , Etc., and worldwide, Georgia was able to lag behind the United States in terms of economic freedom, which is ranked 20th in the world.

According to the report, the Georgian economy was able to overcome the minimum setback observed this year and ensure progress. The report notes that years of reform have made it possible to reduce corruption, weaken regulations and simplify taxes, all of which have ensured the country’s progress in all aspects of economic freedom.

The report says that Georgia is one of the most benevolent countries in the world in terms of regulatory effectiveness, while Georgia has 13 operating preferential trading regimes in terms of market openness. It is noted that the banking / financial sector in the country is growing and access to finance is improving.

The country estimate has improved significantly in the government expenditure component. In particular, the share of government expenditures in GDP over the last three years has decreased, which underscores the reduction in the size of government. In terms of tax burden, Georgia is among the countries where the share of tax burden is low in terms of both GDP and profit and income tax. The evaluation of the effectiveness of the court is based on the impartiality of the court, the quality of the court process and the probability of making relevant decisions. The share of the country’s debt and deficit in GDP in the Fiscal Freedom Index has declined over the past three years. The Labor Freedom Indicator assesses the rights of employees, the level of employment and dismissal, working hours, remuneration, employment.

As for the business freedom component, it should be noted that the assessment is based on the World Bank’s Doing Business rating. For its part, Georgia’s assessment and positions in this ranking have been improving every year for the last 4 years. In the Heritage Economic Index, the decrease in the country’s score was due to the improvement of the world average score in the World Bank’s “Doing Business” rating, to which the country’s score is based.

The Heritage Foundation published its annual Index of Economic Freedom on March 4, 2021. This report has been published for 27 years and it is considered to be one of the most rated and watched ratings in the world. The index is a ranking of the economic freedom of 184 countries based on 12 different quantitative and qualitative parameters included in the 4 main assessment groups, ”the statement reads

2021 Index of Economic Freedom: Georgia 12th in world and 7th in Europe

Georgia’s economic freedom score is 77.2, making its economy the 12th freest in the 2021 Index of Economic Freedom by the Heritage Foundation.

Its overall score has increased by 0.1 point, primarily because of an improvement in the government spending score. Georgia is ranked 7th among 45 countries in the Europe region, and its overall score is above the regional and world averages”, reads the index.

The index also reads that the Georgian economy suffered only a small setback this year in its long progression to the upper ranks of the mostly free category.

Multi-year reforms to reduce corruption, cut regulation, and simplify taxes have led to upward movement in all aspects of economic freedom. Achieving a top-10 ranking, however, will require even more intensive efforts to improve perceptions of government integrity and judicial effectiveness”, says the index.

A snapshot of Georgia’s economic freedom in 2021:

  • Property rights – 66.9
  • Government integrity – 64.6
  • Judicial effectiveness – 59.3
  • Business freedom – 84.9
  • Labour freedom – 76.7
  • Monetary freedom – 76.7
  • Government spending – 76.9
  • Tax burden – 89.1
  • Fiscal health – 94.9
  • Trade freedom – 86
  • Investment freedom – 80
  • Financial freedom – 70

The Heritage Foundation is a research and educational institution whose mission it is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom and a strong national defence.

The survey divided nations into five major categories: free (80-100), mostly free (70- 79.9), moderately free (60-69.9), mostly unfree (50-59.9) and repressed (0-49.9).

Georgia becomes member of World Association of Investment Promotion Agencies

Georgia has become a member of the World Association of Investment Promotion Agencies (WAIPA) through the application of Invest in Georgia, which is run by the country’s export support agency Enterprise Georgia.

Enterprise Georgia will benefit from various opportunities including the ability to share in best practices, explore opportunities of new partnerships, and participate in various forums and seminars to further comprehend the newest tendencies in terms of global FDI”, reads the press release published by the agency.

The World Association of Investment Promotion Agencies (WAIPA) is an international organisation established in 1995 by the United Nations Conference on Trade and Development, which acts as a forum for investment promotion agencies, provides networking and promotes experience sharing in investment promotion.

Currently WAIPA unites more than 170 members worldwide from 130 countries.

GEORGIA RANKS SECOND AMONG 50 COUNTRIES, FROM WHICH WORKING REMOTELY IS MOST ADVANTAGEOUS

Georgia is ranked 2nd among the best countries in the world, from where foreign citizens can work remotely. The relevant survey was conducted by the site bigseventravel.com and revealed 50 countries where working remotely is most convenient and comfortable.

Speaking about the capital of Georgia, Tbilisi, it is emphasized that the city can offer many things, both in terms of culture and diverse cuisine. “Something will be found for everyone here,” the submission said. It is also said that the country is surrounded by the Caucasus Mountains to the north and the Black Sea to the west. However, while talking about Tbilisi, the website mentions that there are many cafes and common workspaces in the capital, including Impact Hub and Lokal. It is also mentioned that people who work remotely will have to pay up to 300-400 dollars for an apartment.

The first place in the list is occupied by the capital of Estonia, Tallinn. The top ten includes cities such as Belgrade, Berlin, Singapore, Buenos Aires, Ljubljana, etc.

 We would like to remind you that the program “Work from Georgia” was launched in Georgia at the end of August and its goal is to attract foreign visitors to the country. As a result, the government of Georgia offers citizens of 95 countries to remotely fulfill their work responsibilities for at least 180 days. Within the framework of the program, 1,415 applications were submitted to Georgia and up to 1000 permits were issued for the entry of a foreign citizen into the country. However, how many people actually entered the country, the latest data is not known.

Georgia third in Transparency International’s Government Defence Integrity index for Central, Eastern Europe

Transparency International has released its Government Defence Integrity Index (GDI) for 2020, the world’s leading assessment of corruption in government defence institutions, in which Georgia placed third in Central and Eastern Europe after Latvia and North Macedonia, with some of the least corruption risk in the region.

The GDI is designed to measure corruption risk in defence and security institutions. It assesses the existence, effectiveness, and enforcement of institutional safeguards to corruption across five key risk areas: financial, operational, personnel, political, and procurement. Georgia ranked third in politics, sixth in finance, and second in personnel, second in the operational category while it took six place in terms of procurement.

Georgia has received a score of 60 out of 100, placing it in the category of having ‘moderate risk of corruption in the field of defense’.

In the ranking, 100 points indicate the lowest risk of corruption, while 0 indicates the highest risk.

Five other countries from the Central and Eastern Europe region which also have a moderate risk of corruption are Lithuania, Estonia, Poland, Bosnia and Herzegovina and Northern Macedonia.

Latvia received the highest score – 67 (low risk) and Azerbaijan the lowest – 15 (critical risk) in the region.

The Government Defence Integrity Index (GDI) finds more than half of the 15 countries assessed in the region face a high risk of corruption in their defence and security sectors,” says Transparency International Defence and Security.

The 15 countries which were involved in the report are Albania, Armenia, Azerbaijan, Bosnia and Herzegovina, Estonia, Georgia, Hungary, Kosovo, Latvia, Lithuania, Montenegro, North Macedonia, Poland, Serbia and Ukraine.

FDI Grant: new state programme to support foreign investment projects in Georgia

The government of Georgia has announced a new state programme, FDI Grant, under the auspices of Enterprise Georgia which will promote the growth of foreign direct investments, the inflow of technologies and the creation of new jobs in Georgia, announces Enterprise Georgia agency.

The FDI Grant incentive applies to the following economic sectors:

  • Production of electrical and electronic engineering products
  • Manufacturing of aircraft parts and components
  • Manufacture of vehicles and equipment, as well as their parts
  • Export of business services/ business process outsourcing (BPO)
  • Developing warehouses and logistic centers
  • Aircraft repair and maintenance (MRO)

The eligibility criteria include:

  • An international company participating in the programme will have the obligation of investing at least 10 million GEL (about €3 mln) and create a minimum of 150 jobs.
  • For companies operating in the field of business process outsourcing (BPO), the minimum amount of investment is 5 million GEL (about €1.5 mln), with the creation of at least 200 new jobs.

Upon fulfillment of the investment obligation, companies will get cashback of up to 1 million GEL (about €300,000).

Companies interested in applying to the programme have to send an application to Enterprise Georgia, the export promoting agency that is implementing the new programme, along with their investment project business strategy.

Global Sustainable Competitiveness Index: Georgia ranks 37th among 180 countries

Georgia has ranked 37th among 180 countries in the Global Sustainable Competitiveness Index.

The Global Sustainable Competitiveness Index measures the sustainable competitiveness of countries by calculating 116 measurable, quantitative indicators derived from sources such as the World Bank, the IMF, and various UN agencies.

The 127 indicators are grouped into five sub-indexes, in which Georgia scored:

  • Natural Capital – 52.6
  • Resource Efficiency and Intensity – 49.6
  • Intellectual Capital – 47.3
  • Governance Efficiency – 59.3
  • Social Cohesion – 35.7

Georgia is ahead of leading economies such as China, Singapore, Australia, Israel, Greece, Malta, Chile, Cyprus, etc. Georgia is ahead of all neighbouring countries in the ranking, and in the post-Soviet space it lags behind only the Baltic countries”, announces the Ministry of Economy of Georgia.

Compared to 2012, Georgia ranks first in the world in terms of improving its rating position, said Georgian Economy Minister Natia Turnava.