Moody’s sees improvements in Georgia
Moody’s Investors Service has changed the sovereign rating of Georgia from stable to positive in the light of the upcoming signing of the DCFTA between Georgia and the EU in September, Interfax reports.
The document will increase foreign investments in Georgia and exports. In 2013, the EU consumed 21% of Georgian exports. 43% of all foreign investments in Georgia in 2010-2013 belonged to European states (mainly the Netherlands, Luxembourg and Germany).
Moody’s experts reminded that the Doing Business rating of the World Bank put Georgia in 100th position on the list in 2005. Georgia is in 8th position this year.