Business Maverick: Russia’s brain drain is officially under way

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 84%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Georgia’s government estimates that 80,000 Russians, Belarusians and Ukrainians now reside in this small Caucasus nation of 4 million. Of those, 20,000-25,000 work in IT and software, and about 30,000 are Russian citizens who arrived since the war ...

Dmitry Klimenko is putting the final touches to a new nightclub in Tbilisi’s central Vake Park, aimed at drawing some of the tens of thousands of disoriented fellow Russians, Belarusians and Ukrainians who fled to Georgia in recent months.

“The whole world is competing to attract these people,” said former central bank governor Giorgi Kadagidze, over coffee in downtown Tbilisi. He argues that Georgia should market itself aggressively as a safe haven from repressive regimes that offers a strong financial sector, beaches, mountains, a warm climate and good food. “We can be the Portugal of the East.”

The government’s opponents also accuse it of attempting to appease Moscow. Levan Davitashvili, minister for the economy and sustainable development, calls such criticisms unfair and politically motivated. Security services screen Russian immigrants thoroughly for agents or sanctions threats, he said, while the government has set up a task force to help companies and entrepreneurs settle and navigate procedures such as the checks needed to open a bank account.

Some hurdles to a Russian-driven tech boom in Georgia have little to do with government policy. For one thing, many Russians fled there because they could simply arrive without the need for a visa, but planned from the outset to move on as soon as they could secure the documents needed to do so.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This ginger beer company started with R50,000. One pandemic later, its turnover is above R250m. | BusinessinsiderCustomers rushed to get their hands on Supa Ginja powders to brew their own alcohol at home each there was a liquor ban. Advertising on a brand BISouthAfrica I wish everyone can be like her because I haven't lost since she have been managing my trading account, I love her so much mamats38 🙏 BISouthAfrica Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met BernardMason07 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks BernardMason07
Source: BISouthAfrica - 🏆 34. / 51 Read more »