• NAME OF RESEARCH

    Country Report - Georgia

  • NAME OF AUTHOR

    Gocha Janelidze

  • CATEGORY

    Entrepreneurship & SME

  • YEAR

    2009-04-22

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A developed SME sector is critical for Georgia to ensure future economic growth and stability. SMEs constitute 97% of the country active firms. The survey of 2008 SMEs and sole proprietors revealed the reform efforts of the Georgian government which aimed to strengthen the market mechanism of small and medium sized business development, encompassing in most part reduction of tax levels and licenses for launching business and facilitating the necessary procedures for starting business, issuance of long-term lax credits, have resulted in more hospitable environment of doing business.