Issue #1097

Page 1

Issue no: 1097

• NOVEMBER 2 - 5, 2018

• PUBLISHED TWICE WEEKLY

In this week’s issue...

FOCUS

PM: Reforms in Georgia are Developing the Economy

ON THE VOTE

Free and Fair, int'l observers say

PRICE: GEL 2.50

PAGE 2-6

NEWS PAGE 3

Justice Minister: Vashadze Wants Presidency to Pardon Saakashvili POLITICS PAGE 6

Public-Private Partnerships: an Effective Legal Tool for Attracting FDI BUSINESS PAGE 7

Image source: Reuters

Doing Business 2019: Georgia Ranked 6th among 190 Countries BY THEA MORRISON

G

eorgia significantly improved its position in the Doing Business (DB) 2019 report of the World Bank (WB), coming in at 6th place out of 190 countries, improving its position by 3 points. Previously, Georgia was in the 9th position. In DB 2019, Georgia's score improved by 1.24 points and reached 83.28 points. Previously, Georgia’s score was 82.04 points. Moreover, with its score, Georgia exceeds the average regional score - 72.3. DB measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business. Georgia’s scores in each field are as follows: 1.Starting a business - 2 2.Dealing with construction permits - 27 3.Getting electricity - 39 4.Registering property - 4 5.Getting credit - 12 6.Protecting minority investors - 2 7.Paying taxes - 16 8.Trading across borders - 43 9.Enforcing contracts - 8 10.Resolving insolvency – 60 DB 2019 reads that the most popular reform in

Minister of Justice, EU & UNICEF Celebrate 3,000 Youth who Benefitted from the Juvenile Justice Reform SOCIETY PAGE 9

FGB’s Scholarship Presentation & Gala Concert Held at Griboedov

Photo source: Bloomberg

Georgia is making it easier to start a business. “More than a quarter of economies did just that in 2017/18. It now takes an average of 20 days and costs 23% of income per capita to start a business, compared to 47 days and 76% of income per capita in 2006. Thirteen of the top 20 economies have at least one procedure that can be completed online in half a day,” it says. “Georgia –an early adopter of Doing Business and the second biggest reformer (after Rwanda) – has cut the amount of time to start a business to 2 days,” Sylvia Solf, head of the World Bank Group’s Reform Advisory Unit said. Doing Business presents quantitative indica-

tors on business regulations and the protection of property rights that can be compared across 190 economies, from Afghanistan to Zimbabwe. The Ease of Doing Top 10 countries are: 1.New Zealand 2.Singapore 3.Denmark 4.Hong Kong SAR, China 5.Korea, REP 6.Georgia 7.Norway 8.United States 9.United Kingdom 10.Macedonia, FYR

CULTURE PAGE 15


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.