Development of a strategy for the transformation of Georgia into a regional financial hub is advancing within its active phase at the premises of Rothschild & Co and KAISER PARTNER, the government administration has said.

Key directions of the strategy were discussed by Georgian Prime Minister Irakli Garibashvili, Managing Director of Rothschild & Co, Arielle Malard de Rothschild, and CEO of Kaiser Partner Stefan Liniger, today.

“It was highlighted at the meeting that it is essential to make the shaping of the strategy most effective by making sure that its implementation starts in the most efficient manner. The Head of Government of Georgia reassured the chief executives of the companies in the full support of the authorities in this process.

The Prime Minister of Georgia noted that transformation of the country into a regional financial hub is a priority of the Government. It was also stressed that maintenance and further advancement of the current economic growth rate of Georgia acquires special significance against the background of security challenges existing in the region, as it will promote the introduction of new technologies, job creation in addition to the current employment opportunities and attraction of foreign direct investments (FDI),” according to the administration’s readout.