Starting from March 2015, the Georgian National Investment Agency is officially transferred under the supervision of the Government of Georgia and will be reporting directly to the Prime Minister.
In addition to this new status, the amended Law of Georgia on National investment Agency entails some other significant changes, such as:
− From now on, the Agency has to submit Bi-annual Report on its Activities to the Government.
− The Agency now has an authority to monitor investment-related processes within executive government entities.
− One of the core functions of the Agency will be business and investment project researches.
− GNIA will be responsible for consolidating all economic and investment-related studies and form a comprehensive database.
Today to introduce this decision, the Prime Minister of Georgia, Irakli Garibashvili and the head of the Agency, Giorgi Pertaia met the representatives of diplomatic corps, international financial and consulting organizations and business associations at the Radisson Blu Iveria Hotel.