Reaching European and international standards of insolvency proceedings is considered one of the most important priorities of the Georgian authorities and its international partners for creating enabling business environment and fostering sustainable growth and job creation in the country.

On October 2, 2018, Georgian Water and Power (GWP) opened a new hydropower dam in Bodorna (Dusheti region). The construction of the new dam started in December 2017, with the support of the Entrepreneurial Development Bank (FMO) and the German Investment and Development Bank (DEG), for a total investment of 10 million GEL.

After three consecutive quarters of improvement, BCI in the third quarter of 2018 has worsened, dropping to 35.4 index points, which is a 4.2 index point loss over the previous quarter. The BCI drop is based on lowering expectations and worsening of past performance in many business sectors. Compared to other sectors, manufacturing assessed their past performance and expectations the most pessimistically. In contrast, the agriculture sector is the most positive, reflecting a high season in production.

This volume brings together eight case studies of young Georgian entrepreneurs, men and women who had the courage to take a risk and set up their own businesses. The eight case studies allow readers to accompany these entrepreneurs on the challenging journey of doing business in a very difficult environment, with very limited access to finance, knowledge and modern technology.

On May 17, Norberto Pignatti, the head of the Energy and Environment Policy Research Center and professor at the International School of Economics at Tbilisi State University, was invited to discuss good and bad practices characterizing the Regulatory Impact Assessment exercises in its presentation “Conducting RIA in Georgia: an academic perspective”.