The Georgian Business Confidence Index (BCI) continues to decline, albeit at a slower pace. The first-quarter decrease in the Index was mostly driven by a significant decline in past performance.
“The type of failure we’re talking about is like how frogs lay 20,000 eggs so a few wind up as adults sitting on a lily pad sucking down mosquito dinners” is how the author of the recent Newsweek article describes the rate of failure it takes to breed a handful of unicorns-tech startups valued at more than $1 billion.
Strengthening capacity of business support organizations on DCFTA and SME related policies.
On January 26, 2017, the International Chamber of Commerce (ICC) conducted its 13th Consultative Board Meeting, attended by the board members, Commission Chairs, ambassadors, bankers, and senior representatives of Georgian businesses. The Georgian government was represented by Mr. Giorgi Gakharia, the Minister of the Economy and Sustainable Development, and his deputy, Ms. Keti Bochorishvili.
Protectionism and any kind of import restrictions have supporters in every country, and Georgia is no exception. Recently, I attended a lunch meeting on the need for an antidumping law, organized by Georgian Lawyers for Independent Professions, Governing for Growth (G4G), and the Society of Free Individuals. Participants from different sectors and institutions presented their views on the possible economic consequences of antidumping regulations currently being discussed by the Georgian government.