On December 7, ReforMeter and the USAID Economic Governance Program hosted a second public-private dialogue dedicated to assessing progress in E-commerce reform. The reform aims to improve the legal and regulatory framework of the field of electronic commerce in terms of the protection of consumer rights, and activities of intermediary service providers, provides personal data protection and payment system and payment service directions.

ReforMeter and the USAID Economic Governance Program hosted yet another public-private dialogue –this time dedicated to assessing reform progress in small and medium enterprise development.

In recent years digitalization has continued to reshape global contexts, impacting all aspects of life and business. The pandemic accelerated digital adoption, making it a critical factor for business resilience.

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.

For the fourth quarter of 2023, business confidence in Georgia increased (by 2.4 index points) and reached 18.1. The highest increase in business confidence is observed in the trade (+21.7) sector. The positive change in BCI for Q4 2023 was driven by improved past performance as well as more optimistic expectations.