Georgian government to establish international financial zones
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"The Georgian government is planning to establish international finance hubs in the country’s capital Tbilisi and the Black Sea coastline town of Gonio," - Economy Minister, Natia Turnava, said.
"For the economy, financial zones mean foreign direct investment. Not only foreign, but also local, because such zones are preceded by active development in the area. In addition, the special regime for fiscal, regulatory, high-class office or residential areas should be built in financial center zones, which will be additional investments”, Turnava said.
She also mentioned job creation among advantages of creating the international zones, noting the hubs would require significant staff in areas such as accounting, auditing and IT technologies.
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