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.
On 27 June 2014, Georgia and the EU signed the Association Agreement (AA), including the Deep and Comprehensive Free Trade Agreement (DCFTA), which fully entered into force on 1 July 2016. The goal of the DCFTA is to provide a framework for new trade opportunities, enhance competitiveness in the business sector, and support closer economic integration between Georgia and the EU based on reforms in trade-related fields.
The goal of the vocational education support programme is to promote the socioeconomic integration of internally displaced persons (IDPs) and ecomigrants and improve their living conditions by creating employment prospects, and it aims to do so by promoting the vocational education of IDPs and ecomigrants in order to increase their competitiveness in the labour market.
The development of the ICT (Information and Communications Technology) service sector is one of the strategic priorities for the Georgian economy. The sector is characterized by the unique potential to contribute to the country’s long-term growth, create positive productivity spillovers into other industries, and, in the longer term, transform the existing industrial structure of Georgia by moving away from primary production and primary exports.
While COVID-19 pandemic had a negative impact on the current investment expenditure of Georgian ICT companies, investment and hiring is set to increase in the future for most firms in this sector.