Georgia provides attractive conditions for investors and is working in the right direction. Attention should be given to increasing the robustness of its policy goals and commitments.
Among the three EIRA risk areas, breach of State obligations remains lower compared to discrimination between foreign and domestic investors and unpredictable policy and regulatory change.
Georgia has a very good performance on one EIRA indicator. It has a good performance on two others, and a moderate performance on one indicator. The indicators rule of law and regulatory environment and investment conditions are at 92 and 77 points, like in 2018. Management of decision-making processes improved by 6 points and now stands at 71. The indicator score for foresight of policy and regulatory change is still moderate, though it went up by 4 points to a score of 50.
On a more detailed level, Georgia’s overall sub-indicator performance remains good. The highest-scoring sub-indicators are management and settlement of investor-State disputes and restrictions on FDI, at 100 and 90 points. The performance on the sub-indicator respect for property rights is very good, with a score of 83, like in 2018. Transparency and regulatory effectiveness also kept their scores of 73 and 64 points respectively. The sub-indicator institutional governance went up by 13 points, now standing at 69. The score of communication of vision and policies increased by 3 points to 59. The performance on robustness of policy goals and commitments went up by 7 points but remains the lowest, with 42 points.