OECD: Georgia has improved its position in all 12 categories in the SME Policy Index - 2020
Georgia has improved its position in all 12 categories in the SME Policy Index - 2020 published by the Organisation for Economic Cooperation and Development (OECD) since the previous report that was published in 2016, announces the Georgian Ministry of Economy.
In nine out of 12 categories Georgia, received the highest scores among the countries of the Eastern Partnership (Armenia, Azerbaijan, Belarus, Moldova and Ukraine).
“From an already strong position, Georgia has made further progress since 2016 by adopting a more strategic approach to small and medium-sized entrepreneurship development through targeted initiatives. The adoption of the SME Development Strategy 2016-2020 and respective action plans, the improvements made to entrepreneurial learning and women’s entrepreneurship, the continued simplification of business registration, and the increase in e-government services have drastically improved the operational environment for SMEs", read the report.
The OECD report recommended that the government of Georgia should prioritise the creation of level-playing-field conditions for enterprises of all sizes and provide for more-efficient enforcement of contracts and competition law.
“Moreover, strengthening the support provided to exporting SMEs (including targeted financing tools) would be of crucial importance – as would expanding the links between foreign direct investment and domestic businesses beyond pilot projects, to further attract quality FDI and increase the competitiveness of Georgian SMEs", read the report.
The SME Policy Index assesses and monitors progress in the design and implementation of SME policies against EU and international best practice. This report marks the third edition in this series, following assessments in 2012 and 2016.
See all the news
Europe's largest crypto exchange WhiteBIT has partnered with Netflix
Fitch Affirms TBC Leasing at 'BB-'; Outlook Stable
What regime of sanctions applies to Russian oil and what requirements Georgia has to comply?
Financial Services in CAREC
#ForbesTalks:"ოფისი ღრუბლებში" - საიდან გაჩნდა ვირტუალური ოფისის შექმნის იდეა? - Grant Thornton Georgia
#TheCheckpoints: TIWB & Georgia - Interview with Rusudan Kemularia, Head of TIWB Secretariat
#TheCheckpoints: The Professional - Demnagram_Story of Saba Bakhia
#BMGAUTO: საირმის ტური - პოლარისი VS ველოსიპედი
მთავრობა მედიკამენტების კიდევ გაიაფებას გვპირდება - რა იგეგმება?
რა არის Step'n და ღირს თუ არა მასში ინვესტირება?
რას წარმოადგენს "ლენდ-ლიზი"(Lend-Lease)-ს პროგრამა
#პროფესიონალი: საბა ბახია
#Forbestalks - ინტერვიუ დემიენ მაკკინთან
Stoli® Group to Release Limited-Edition Bottle in Support of the Ukrainian People
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Aliyev replaces long-serving central bank head with loyalist
Putin imposes visa restrictions on citizens from 'unfriendly' countries
#BMGAUTO - ავტომობილი რომელმაც პორშეს რეკორდი დაამხო - Citroen Xantia
#ForbesTalks:უნივერსიტეტის როლი პოლიტიკურ და სოციალურ ცხოვრებაში