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Fady Asly

ICC Georgia back to work after 75 days of forced “holidays”

7 mins read

The FINANCIAL -- It will be very hard to sell Georgia as an attractive destination for foreign investments., Fady Asly, ICC Georgia President told The FINANCIAL while answering questions related to the impact of COVID-19 on Georgian businesses and the economy.…

ICC Georgia Said COVID-19 Regulations for Businesses Are Useless

11 mins read

The FINANCIAL -- “The International Chamber of Commerce cannot support nor endorse policed regulations for businesses”, Fady Asly, President of ICC Georgia stated in open letter sent to members of Georgian government which has announced new directives demanding from companies record health condition of their employees daily. …

ICC Georgia President Address International Community Over “mafia style governance” in Georgia

7 mins read

Dear members of the International Community,We have learned from the press on August 27, that the Prosecutor General of Georgia had sent a letter to the UK Authorities requesting them to freeze the bank accounts of two Georgian businessmen, Mamuka Khazaradze and Badri Japaridze on the ground of “alleged money laundering”.…

Fady Asly: “Georgia is Losing its Competitive Advantage as an Emerging Market”

13 mins read

  Fady Asly, Chairman of the International Chamber of Commerce (ICC) Georgia, which is referred to as the ‘voice of business’ in Georgia, stated that the business and investment climates are deteriorating and the country is losing its competitive advantage as an emerging market “We are very concerned by the totally dysfunctional judiciary; by an…

ICC Georgia’s criticized the draft Law on Accumulated Pension System

15 mins read

ICC Georgia, largest business organization has criticized new draft law on pension system introduced by the government. “According to the suggested pension reform there is no societal group that will be a beneficiary and at the same time satisfied with its results. Furthermore, economic, financial, and political risks are very high and in case of…

New Georgian Pension System to Slow Net Wage Growth

11 mins read

The FINANCIAL -- At just over USD 70, which is more than six times lower than in Turkey, and over 4 times lower than in Russia, Georgian pensioners have the lowest monthly pensions compared to their neighbour countries.…

Fady Asly, ICC Georgia President on difficulties related to doing business in Georgia

22 mins read

The FINANCIAL -- The biggest development that we had in 2015 was in July, when we declared a moratorium on criticizing the Government until October, to give a chance to the investors council under the Prime Minister to solve the problems that we have been talking about for about 3 years now. This was to…