Carrefour Finds Good Reasons To Invest In Georgia

Georgia’s liberalization of its law, official efforts to reduce corruption, and foreign investment-friendly policies encouraged France’s Carrefour to expand into the country, according to MAF Carrefour Georgia general manager Jean Louis Clary. When Carrefour first came in Georgia, there were no international retailers yet, and 80 percent of the market was made up of street bazaars, Clary said. Although a small market, Georgia holds a lot of promise in terms of profitability, according to Clary.