This EU4Business report provides an in-depth analysis of the economic situation in Georgia as well as presents the EU4Business projects currently being implemented in the country. It also focuses on current national policies and future measures planned in the national strategy for SMEs.
The SME Policy Index 2016 study evaluates Eastern Partnership countries using 10 component criteria for implementing the Small Business Act (SBA). Georgia scored well in seven components and was named as the best performing and reforming country among the EaP countries. Areas for improvement are insolvency, the regulation framework, support services for SMEs and start-ups, standards and technical regulations and innovations. Even though the SME Policy Index study ranked Georgia as the best of the Easter Partnership countries, the main challenges for Georgia remain access to finance, skills mismatch in the labour market and low job creation.