Georgia ranks high in the region as a good place to do business, reads the 2021 Investment Climate Statements report published by the US Department of State.
“Overall, business and investment conditions are sound. However, some companies have expressed an increasing lack of confidence in the judicial sector’s ability to adjudicate commercial cases independently or in a timely, competent manner, with some business dispute cases languishing in the court system for years. Other companies complain of inefficient decision-making processes at the municipal level, shortcomings in the enforcement of intellectual property rights, lack of effective anti-trust policies, selective enforcement of economic laws, and difficulties resolving disputes over property rights.
The Georgian government continues to work to address these issues and, despite these remaining challenges, Georgia ranks high in the region as a good place to do business,” reads the report.
On July 21, the US Department of State released the 2021 Investment Climate Statements, which analyze the investment climates of more than 170 countries and economies that are current or potential markets for American companies. The reports provide up-to-date information gathered by economic officers in embassies and consulates worldwide, helping US companies make informed business decisions.