• NAME OF RESEARCH

    Georgian Economy - Setting New Targets

  • NAME OF AUTHOR

    Bank of Georgia Research

  • CATEGORY

    Economy

  • YEAR

    2013-10-22

  • Download PDF

Over the last decade, Georgia made impressive progress in reducing corruption, simplifying tax and customs procedures, improving public services, and pleasantly surprised the world when it ensured a peaceful transition of power in late 2012. In July 2013, Georgia and the EU concluded talks on a Deep and Comprehensive Free Trade Agreement (DCFTA) sooner than we expected and the final agreement should be signed once the sides finalize a few procedural issues. Once in place, the agreement will vastly simplify Georgia’s access to EU market, a common-customs zone of about 500mn customers.

The report discusses the main drivers of economic growth.