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Georgia Ranks 6th in Doing Business Rating

By Gvantsa Gabekhadze
Friday, November 2
Georgia has ranked sixth among 190 countries in the Doing Business 2019 rating.

Georgian Prime Minister Mamuka Bakhtadze stated that the Doing Business Rating of the World Bank, is the most prestigious international rating in the world, which has advanced Georgia in its most recent rating.

“Such progress means a tremendous step made forward towards integrating our country in the global economy and evidences that reforms implemented by the Government of Georgia are successfully serving to the economic development of our country and it is indeed dually gratifying that most reputable organizations of the world grant preference to Georgia in such significant - and I would say - most prestigious international ratings,” Bakhtadze said.

Bakhtadze claimed that the main goal of the Georgian government is to make Georgia more effectively integrated to the world economy.

“It is essential to transform Georgia into a regional leader and economic hub. Otherwise we will find it hard to overcome the economic challenges that we face,” Bakhtadze said.

Mercy Tembon, Regional Director of the World Bank said that Georgia has moved up again in the Doing Business Ranking to 6th place from 9th place last year.

“We look forward to higher ranking in the coming years as the Prime Minister has said. This means that Georgia is the most credible economy of Europe and Central Asia.

“It has maintained its strong position in Top 10 Economies,” she stated.

Mercy said that Georgia has been consistently advancing in the rating over the years and this is a testimony of progressive reforms and programs that improve the business environment.