According to Georgia’s Minister of Economy, Levan Davitashvili, the World Bank’s updated Business Readiness rating is a significant recognition of Georgia’s progress.

Davitashvili said this is a strong message and will encourage investors to make decisions to bring quality investments to Georgia.

“This is a crucial recognition. It’s the World Bank’s updated rating called B-READY. This is a new rating that will replace the well-known Doing Business rating, which was quite a complex indicator and determined the ease of doing business for countries.

Georgia has consistently demonstrated progress in this direction, ranking seventh in the last assessment. However, after several years of work, according to the new rating, Georgia is the third after Singapore and Estonia. This is, indeed, a very strong message for both local and international business communities that more investment should come to Georgia, and that Georgia has a favourable environment for doing business.

I am confident this will encourage more investors to decide to bring quality investments to Georgia. On our part, of course, we will continue the policy aimed at improving the business environment and attracting more foreign investment for the country’s development,” Levan Davitashvili stated.

Georgia is among the leaders in the World Bank’s new Business Readiness (B-READY) rating and is in the top three of the rating, following Singapore and Estonia.