19 May 2022,   00:35
Prime Minister and Rothschild & Co Managing Director discuss strategy for transforming the country into region’s financial hub

Georgia is hosting a delegation of Rothschild & Co, one of the world’s largest financial groups that has launched work on a strategy for transforming the country into a regional financial hub. The relevant agreement between the Government of Georgia and Rothschild & Co was signed during Prime Minister’s recent visit to Brussels. Led by Managing Director Arielle Malard de Rothschil, the delegation was hosted by Irakli Garibashvili.

The meeting focused on the country’s transformation into the region’s financial center, a move poised to encourage investment inflows, new jobs, and sharing modern financial and technological innovations.

The parties emphasized that active work will be conducted in said directions.

The discussion also involved the creation of special international financial zones in Tbilisi and Gonio.

According to Irakli Garibashvili, the Government’s priority is to ensure that a significant portion of the personnel of international companies operating in the financial zones consists of Georgian citizens, and this will offer them a unique opportunity for professional and career development.

The meeting reiterated the issue of developing Georgia’s beneficial investment environment and capital market as one of the key directions of the country’s economic policy.

The Prime Minister assured the Rothschild & Co Managing Director of the Government’s maximal support. So that work on the strategy may prove as effective as possible, and so that concrete steps may be taken in near future toward attracting foreign financial resources and international financial companies into Georgia.

The meeting was attended by Rothschild & Co representatives: Pierre Adeline and Ella Trad, Kaiser Partner’s CEO Stefan Liniger and representative Mark Gossman, also by Head of the Georgian Administration Ilia Darchiashvili representing the Georgian side.