Before the current insolvency reform, Georgia’s legislative framework regulating insolvency proceedings fell short of meeting international standards – it did not meet either creditors’ or debtors’ needs and failed to offer incentives to the insolvent companies to choose rehabilitation as their optimal strategy for resolving financial difficulties.
ReforMeter and the USAID Economic Governance Program hosted yet another public-private dialogue dedicated to assessing progress in regulatory impact assessment (RIA) institutionalization reform.
The OECD Eurasia Competitiveness Programme is undertaking the "EU4Business: From Policies to Action – Phase 2" project in Eastern Partner (EaP) countries, funded by the European Union. The initiative focuses on enhancing competitiveness and business environment reforms at both country and regional levels.
Georgia is actively addressing gender equality and women's economic empowerment (WEE) within its investment climate and national policies. Despite legislative efforts to align with EU directives, women-owned SMEs face significant challenges in accessing finance, impacting overall economic growth.
The Tourism Reform incorporates the amendments envisioned by the Tourism Draft Law, which was initiated by the Parliament of Georgia. In addition, it encompasses planned changes in the tax benefits system for agritourism and wine tourism service providers.