Investor Presentaiton

INSTITUTIONAL ORIENTED REFORMS Ease of Doing Business | 2020 (WB Doing Business Report) New Zealand Singapore Economic Freedom Index | 2021 (Heritage Foundation) Ireland UK GEORGIA CAPITAL US 6 Georgia 7 Norway 9 Lithuania Estonia Kazakhstan Russia Azerbaijan Poland Czech rep. Armenia Turkey Romania 11 18 25 28 34 40 41 41 47 55 Bulgaria 61 Ukraine 64 Georgia Lithuania Czech Republic Germany Latvia Armenia Bulgaria Azerbaijan Turkey Russia 5 7 12 15 27 29 30 32 35 38 76 92 Corruption Perception Index | 2020 (TI) Lithuania Latvia Poland Georgia Czech Republic 23322 35 42 45 45 49 Italy 52 Slovakia 60 Armenia 60 Belarus 888 Romania Bulgaria Turkey Kazakhstan Moldova Ukraine Azerbaijan Russia Uzbekistan Georgia is on par with EU member states Business Bribery Risk, 2020 | Trace International Open Budget Index, 2019 | International Budget Estonia Japan Lithuania 13 21 27 Georgia 28 Latvia 34 Czech Republic Armenia Bulgaria Romania 38 27 69 73 Ukraine Moldova Turkey 98 106 114 Kazakhstan Belarus Russia Azerbaijan 123 125 127 136 150 63 69 69 86 94 115 117 129 129 146 Uzbekistan Sources: Transparency International, Heritage Foundation, World Bank, Trace International. Partnership New Zealand 1 Sweden 3 Georgia 5 Norway 7 Australia France 13 Russia 14 Bulgaria 16 UK 19 Germany 20 Romania 25 Ukraine 26 Poland 32 Czech Republic Kazakhstan 34 37 Turkey 46 Azerbaijan 81 77

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