23.07.2020 (Caucasian Journal) Our guest today is Mr. Seth BLY-CHAR, CEO of ICONIA Capital, a real estate developer based in Tbilisi but owned by U.S. investors.
Alexander KAFFKA, editor-in-chief of Caucasian Journal: Dear Seth, welcome to Caucasian Journal! Our guests often talk about the importance of foreign investments for Georgia, the”investment climate”, “ease of doing business”, and other pretty abstract notions. But today we have a chance to touch the practical side of things: The hands-on experience of an American investor in Georgia. The fact that your experience is “mixed” makes it even more valuable to readers. For a start, can you give a short answer: Do you regret about investing your money in Georgia? If you could go back to 2015, would you rather have taken your investment elsewhere?
Seth CHAR: Mr. Kaffka, firstly, thank you for this opportunity to interview with your prestigious publication. You had mentioned that our investor experience in Georgia was “mixed,” but in reality, it is only “mixed” on the best of days: overall, our experience in Georgia over the past five years has been overwhelmingly negative.