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Investor Presentaiton

Institutional Oriented Reforms Ease of Doing Business | 2018 (WB-IFC Doing Business Report) New Zealand 1 Singapore US Norway Georgia Estonia Germany Poland Czech rep. Russia Kazakhstan Italy Armenia Azerbaijan Turkey Ukraine India up from 16th in 2017 2 6 8 9 12 20 27 30 35 36 46 47 57 60 76 100 Global Corruption Barometer | TI 2017 % admitting having paid a bribe last year Estonia UK 7 8 Georgia 16 USA 18 Economic Freedom Index | 2018 (Heritage Foundation) GEORGIA CAPITAL Top 9 in Europe region out of 44 countries Latvia 28 Romania 37 Bulgaria Hungary Turkey 47 55 58 Azerbaijan France Italy 67 71 79 Russia 107 Ukraine 150 Business Bribery Risk, 2017 | Trace International Germany Poland 3% 7% 7% 9% Georgia Czech Rep. Slovak Rep. Latvia Montenegro Bulgaria Turkey Armenia Lithuania Bosnia & Herz. Kazakhstan Romania Russia Azerbaijan Ukraine Moldova Sources: Transparency International, Heritage Foundation, World Bank, Trace International 12% 15% 16% Ireland France 17% 18% 24% 24% Georgia Japan Czech rep. 27% Poland Italy 29% Armenia 29% 34% 38% Azerbaijan Turkey 38% Russia 142% Kazakhstan Sweden 1 Georgia is on a par with EU member states Norway UK 5 Estonia 9 Singapore 13 18 20 25 26 37 39 43 83 112 139 144 152 Page 62
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