After opening remarks by Gábor Király, managing officer at Dentons Budapest, Hungary’s Deputy State Secretary for External Economic Development Katalin Bihari, stressed the strategic importance of Hungary-Georgia bilateral relations.
“The close ties between Hungary and Georgia not only promote economic cooperation but also pave the way for mutually beneficial partnerships that drive growth and prosperity in both countries,” she said. It was a sentiment echoed by Tamara Liluashvili, Georgia’s ambassador in Budapest.
“Georgia and Hungary share a strong commitment to deepening economic ties and enhancing cooperation in various sectors. Events such as this roundtable play a crucial role in strengthening our bilateral relations and creating opportunities for sustainable development,” she said.
The discussion featured speakers who provided valuable insights into Georgia’s investment landscape.
“Georgia offers a variety of promising investment opportunities in various sectors, making it an attractive destination for international investors,” insisted Mikheil Khidureli, CEO of Enterprise Georgia.
Gábor Jenei, CEO of the Hungarian Export Promotion Agency, underscored the Hungarian government’s commitment to supporting foreign investment.
“We are committed to facilitating the expansion of Hungarian companies into foreign markets, including Georgia, through tailored support and incentives,” he said.
Dentons Tbilisi provided guidance on doing business in Georgia, highlighting, “Navigating the legal landscape in Georgia with the right expertise and guidance, businesses can thrive and capitalize on the opportunities available in the country.”
Following the presentations, Theodore Boone, of counsel at Dentons Budapest, professor at Corvinus University, and a former chairman of AmCham Hungary, moderated a question and answer and discussion session.
Wolf Theiss has released the 10th edition of its Guide to Generating Electricity from Renewable Sources in Central, Eastern, and Southeastern Europe for 2024.
The latest edition is an update to the previous guide published in 2022 and offers insights into the region’s evolving renewable energy sector. Against the backdrop of the EU’s ambitious 2030 targets, substantial investment into both renewable energy generation and storage capabilities has been observed across the CEE/SEE region over the past four years.
“With each edition of our guide, we aim to empower stakeholders by demystifying the legal landscape of renewable energy in the region. This comprehensive resource supports informed decision-making, fostering a sustainable and secure energy future,” says Bryan W. Jardine, partner and co-head of the energy industry group at Wolf Theiss.
The ongoing conflict in Ukraine emphasizes Europe’s imperative for energy security, prompting an accelerated shift from reliance on imported fossil fuels to a more sustainable dependence on renewable energy sources. The law firm says that the resulting geopolitical tensions have catalyzed governments and industries to expedite the adoption of renewable energy solutions, reinforcing the region’s commitment to a greener future.
The firm says the guide aims to support increased regional investment by providing a detailed overview of the pertinent laws and regulations.
This article was first published in the Budapest Business Journal print issue of May 31, 2024.
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