Home / Economy / How is Georgian gov preparing to host EBRD Annual Forum 2015?

How is Georgian gov preparing to host EBRD Annual Forum 2015?

On May 13-15th of 2015 Tbilisi will host the annual EBRD business forum, which will be held in the Caucasus region for the first time.

“The whole world’s business sector’s attention will be turned to Georgia during these two days of May. Particularly, Parliament’s yard will be the spotlight of the EBRD forum. Representatives of 60 countries will be present here. ” – Finance minister Nodar Khaduri told CBW.

“Holding this event here is of utmost importance for the country’s business aspirations. More than 1500 international business representatives will visit Georgia during the 2-day EBRD forum. All of these visitors are potential business partners of the country,” – deputy economy minister Ketevan Bochorishvili told the media.

“These are people who actively travel around the world and assess future international markets,” – Ms Bochorishvili said.

“Gathering people of such strategic importance for the country is definitely a great event for Georgia,” – she added.

Ketevan Bochorishvili
Deputy economy minister Ketevan Bochorishvili discussing EBRD forum with the media

The EBRD’s organizational team in Georgia and the representatives of the media observed the initial stages of the EBRD-funded works that are being held at the territory of the Parliament and the Youth Palace in Tbilisi.

All three – Finance Minister Nodar Khaduri, the Deputy Economy Minister Ketevan Bochorishvili and the Mayor of Tbilisi David Narmania hosted the EBRD press tour.

Out of EBRD funds GEL 2, 607,464 are allocated to build 4 temporary constructions to host the forum’s international guests, such as press and the business sector representatives.

“These construction sights will remain in government possession and will be used in the future to host such events,” – says the Parliament of Georgia’s EBRD report.

From the EBRD funds 255,487 lari are allocated for the reconstruction works at the Youth Palace, the former ‘Pioneers’ House’, where finance minister Mr Khaduri and mayor of Tbilisi Mr Narmania along with the deputy economy minister Ketevan Bochorishvili were today to look at the construction works with the media representatives.

1,346,066 lari are used to fund the EBRD delegation’s temporary office inventory, such as computers, desks, chairs, etc.

Surprisingly, most of the EBRD money is going into funding the delegation’s transportation means – 4,718,475 lari are allocated to buy 67 new Toyota Camry model cars, with rationale being that protocol requires events of international importance such as the EBRD business forum for the guests to be transported in “business class” auto cars.

“Market research indicated that renting and importing from abroad of the same standard vehicles would cost the government GEL 3, 500,000, none of which would be used to benefit the Georgian economy in the long-term. Accordingly, there was a consensus to acquire these vehicles instead, so they can be used in the future as well” – reads the Parliament report.

Remaining of the GEL 2,820,919 will be used to fund such services as synchronized translation in five languages, renovation of Parliament, security and mobile services.

“Investing for Change will be the overarching theme of this year’s Business Forum and dynamic Georgia is a fitting backdrop for the exciting series of events,” —  writes EBRD 2015 Forum’s website about the event to be held in Tbilisi this May.

Nino Gojiashvili