Fitch downgrades Georgia's sovereign credit

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likhon450@
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Joined: Sun Dec 22, 2024 4:11 pm

Fitch downgrades Georgia's sovereign credit

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And in the entire 9 months of 2024, FDI was $966 million, which is a 40% decrease year-on-year. BMG requested information from Geostat - which companies have made the largest investments. According to Geostat, the companies included in the top ten largest investors have been operating in Georgia for many years. There is only one new company on the list - "Tbilisi Dry Port", which is engaged in the construction of a logistics center near Tbilisi.


rating outlook In December 2024, the international rating agency Fitch downgraded Georgia's outlook. In its updated assessment, Fitch reaffirmed Georgia's sovereign credit rating at "BB". As for the outlook, it was austria fax data lowered from "stable" to "negative". It is important to note that this was the second change in credit rating expectations in 2024, as Fitch had lowered the rating forecast from "positive" to "stable" in the summer.


Business Initiative - Freebusiness.ge The announcement by the Prime Minister, approved by the Georgian Dream's one-party parliament, that Georgia will not open EU accession negotiations until 2028, the government's crackdown on peaceful protesters, illegal arrests, and restrictions on freedom of speech and expression by businesses were followed by the Freebusiness.ge initiative, which is a petition by businesses that the country needs early parliamentary elections to overcome the current crisis.
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