16
March
2016
Georgia’s Insolvency law of 2007 is primarily oriented towards a rapid liquidation of insolvent corporate entities and private entrepreneurs’ businesses with subsequent distribution of remaining assets amongst the creditors. The number of insolvency cases dealt with by the local courts of Tbilisi and Kutaisi is fairly limited most probably due to insufficient assets in the insolvent entities to cover the costs of the insolvency procedure.
16
March
2016
Regulations in the energy sector are there in order to ensure improvements in efficiency and service quality. They are essential because many actors in the energy sector of any country are state companies and/or natural monopolies for which efficiency and quality of service are somewhat foreign concepts.
16
March
2016
The Georgian Business Confidence Index (BCI) has gained 3 points (on a [-100/100 scale])1 due to the strengthening of business expectations. All of a sudden, the expectations of the private sector in Georgia improved and reached 38 index points. This is an improvement from 16 points in the fourth quarter of 2015.
01
March
2016
Open Society Georgia Foundation commissioned ISET-PI to prepare a policy paper regarding the progress made on the implementation of Deep and Comprehensive Free Trade Area (DCFTA) in Georgia and to conduct a training for the members of the European Integration Committee and the Economic Affairs Committee of the Georgian Parliament regarding DCFTA in frames of the project “Raising support and enhancing understanding of the Europeanization process in Georgia
29
February
2016
Georgia is consistently performing very well in the World Bank’s “Doing Business” (DB) ranking 24th country globally in 2016: DB ranking is made up of several different indicators. Georgia only ranked 62nd for getting electricity (GE). GE indicator is a proxy for electricity supply quality to the business.
