A recent wave of confiscatory moves against foreign investors in Georgia – which investors blame on “corrupt courts” and rival local companies – has diplomats and the international business community concerned about a deterioration of the country’s investment climate.
The affected businesses include energy, banking, real estate, and trading firms, and the situation is threatening Georgia’s reputation as a foreign investor darling. Government officials regularly tout their business-friendly credentials, like high placement on the World Bank’s Ease of Doing Business rankings.
To read the full story
Ken Stier is a freelance journalist.