Georgia to reconsider contracts with foreign investors

The Georgian Economy Minister does not exclude reconsideration of treaties with the Russian Inter RAO UES and SOCAR (State Oil Company of Azerbaijan). This was stated by Minister Giorgi Kvirikashvili on Monday during a broadcast on Mzera TV.

According to him, contracts signed with investors should be transparent. He noted that current agreements with them will necessarily be reconsidered.

Kvirikashvili considers it wrong that those investing in the country want to get the benefit for five years.

"Investors should not violate the rights of consumers through regulatory commissions," the minister noted.

However, George Kvirikashvili believes that the reconsideration of contracts with investors should not affect the investment environment.

"We're not going to turn away any investor. We want to put just requirements forward. A Georgian citizen paying the same rate as one belonging to a developed country is absolutely unfair," the minister added.


/Trend/