Georgian business will so far abstain from commencement of new investment projects – expert

According to the statement, made by businessman Georgiy Isakadze, business will still remain in a standby mode, however, after the economic team of the Government is complete and the action plan is known, businesses will independently make a decision on the investment projects or expansion of the existing businesses.

According to Isakadze, the activities went down before the elections, both for the business and the banks.

The manager of the largest importer “Alliance Holding” also declares that this year is a pre-election one, since the Presidential elections are to follow. According to the forecasts of Mamuki Tsagareli, the business will show certain prudence. He also believes that, from the end of October, after the economic team is known, the businessmen, planning to invest into Georgia, will have grounds for certain optimism.

English Translation by BSN

Adapted from: Business Грузия