არჩილ მამათელაშვილი

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Why We Should Not Reject the Construction of HPPs

The creation of an investment-friendly environment in potentially competitive sectors is a significant prerequisite for the development of the Georgian economy, even more so when such sectors are capital-intensive and characterized by a long-term business cycle (i.e. one where it takes a minimum of five years to get back an investment). Gaining a competitive advantage, even if only in a sector or two, has a positive spillover effect on supporting industries as well. Moreover, the benign...

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