Georgian Business Seeks Small-Sized Effective Government
22 September, 2011
Georgian Business Seeks Small-Sized Effective Government

Chamber of Commerce and Industry of Georgia drafted a new action plan for business development in 2011-2013 that seeks governmental support but suggests cutting down of governmental share in business. 

“Our business is your success” – this is the message sent by Georgian Chamber of Commerce and Industry (GCCI) after airing the new action plan early this September.

The Chamber sees its mission in business revival and development of market economy, where intervention of the government is kept to a minimum. To

achieve this goal the list of priorities in 2011-2013 is topped by jobs creation for economic recovery begins with creation of new jobs. Therefore the Chamber will be focused on implementation projects with maximum potential of new jobs creation. But jobs are created only if business is expanding that needs stimulation in Georgia. To this end Chamber seeks governmental support and sends following messages to government: to care for safety, invest in basic infrastructure at this stage as far as business cannot independently develop high-priced infrastructure, and also keep a small-sized effective government.

“Safety is our main priority - only safety can give an impetus to business development. The effective fight against violations must be continued by the government,” Chamber source said. “It is important to us to retain a small-sized effective government – increase in the government’s size is directly proportional to decrease in share of business in total economy and slows down creation of new jobs. The government must retain a low tax regime so that we can have a possibility to make re-investments.”

To implement its goals CCIG plans to keep a constant dialogue with government on dynamic development of the taxation policy according to the changes in structure of the business in 2011-2013 for taxation is still an Achilles heel for business in Georgia.

On the other hand the Chamber thinks to boost investments in the human and infrastructure capital. “Human capital and well-established infrastructure are the basis for successful business conduct. We will be proactive with the government in order to convey business’ demand into the government investment,” they say.

Budget and fiscal responsibility of the government do also matter to the Chamber as it is important to know how the government spends the money collected in taxes from the businessmen. They plan to work closely with the government in order to lobby the small and effective government concept. The expenditure structure is also very important as long as the government is the one of the most important sources of indirect financing of business.

GCCI also finds crucial participation of Small and Medium Enterprises (SME) and self-employment in economic development of the country. Proceeding from economic, demographic and geographic structure of Georgia, considerable growth can be achieved by developing of tourism and agriculture and share of small businesses and self-employment in such sectors can be especially large.  GCCI will assist SME to ensure their maximal participation in cooperation with the government.

On the other hand GCCI promises to work intensively with government in order to expand the boundaries for integration of Georgian businesses, including penetration into the non-traditional regions of Asia and Europe (e.g. Arab countries, Indo-China).

Moreover, GCCI finds deregulated economy to be an indispensible condition for rapid business development and plans to work with the government to reduce regulatory burden of the government by all means including e-management, etc.

In order to facilitate businesses within the given priorities the GCCI provides a long list of different practical solutions that includes  “easy certificate” – an electronic Certificates of Origin will be issued by the Chamber; “arbitrage” - the independent, fast and fair Arbitrage Court will be created in the Chamber for corporate disputes adjudication.

The Chamber will become the member of the CRS network “”, whereby any Georgian or foreign customer will be able to get electronic information on the Georgian hotels and make reservations as well.

Chamber also offers to its members new opportunities to find a partner/investor, electronic bulletin with information on Georgian companies and economic trends will be sent to Georgian and foreign businessmen and financial organizations. Researches on risk assessment will be undertaken to assist businessmen in assessing the risks.

“Produced in Georgia” – verification of the quality of goods by means of introducing internationally recognized private verification systems (e.g. Lloyd’s evaluation) is a part of GCCI program. Various exhibitions will take place within the same program that also includes “Attorney” - the fiscal attorney services for the taxation mediation and support in the settlement of disputes.

Other Stories
Everything of comfortable life in one space – Second part of construction of one of the largest apartment complexes finished in Tbilisi
Apartment in ecologically clean environment, thousands of square meters of green yard, swimming pools, places for various sports activities, treks for walking and running, commercial spaces – all these available in one space is not a fantasy.
Batumi awarded Europe's Leading Emerging Tourism Destination 2019
World Travel Awards Europe Gala Ceremony 2019 took place on the 8th of June in Madeira, Portugal.
Coca Cola to open new factory in Georgia, will hire female drivers
Coca Cola is opening new factory in Georgia in December.
World's best party supply company now on the Georgian market
The largest party supply store in Georgia - MyDay is launching as the official distributor of AMSCAN from 2019.
Live as a marketing tool and an unprecedented live stream launched by Livetag
Sharing information has become smoother and more versatile in today’s technological world. Recently, live streaming, an online streaming media has become especially popular.
Theme and program of Caspian Energy Forum Tbilisi – 2019 changed
“The 8th International Caspian Energy Forum Tbilisi – 2019, scheduled for June 21, will focus on the development of the Azerbaijan-Georgia relations in the field of economy and energy”,
Misunderstanding over Poti deep sea ports
There was misunderstanding around deep sea ports in Georgia – in Poti.
High demand for dollars or the investment decline – Why Georgian Lari depreciates
$1 equals GEL 2,7470 in the official rate set by the National Bank of Georgia (NBG).
PSP Group confirms negotiations regarding purchasing of GEO Hospitals
PSP Group confirms negotiations regarding purchasing of GEO Hospitals.
New life to be given to Dashbashi Canyon
Georgia’s Agency of Protected Areas is planning to give new life to Dashbashi Canyon in Tsalka (southeastern Georgia).
Who is constructing “Khadori 3” Hydropower Plant in Pankisi Gorge?
Clashes broke out in Pankisi Gorge, Georgia’s northeastern region between special forces and residents
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
Georgian designers presented at Fashion World Tokyo 2019
The products of 11 Georgian designers are showcased at Fashion World Tokyo 2019,
Silknet raises $200 million in Eurobond issue
27 March 2019 - JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”).
Pistachio trees will be planted in Georgia
Dozens of hectares of Pistachio are planned to be planted in Georgia this year.
Toyota Safety Sense and Hybrid Technology
Toyota Caucasus, has presented two new models the 5th generation RAV4 and the 12th generation Corolla at Rustavi International Motorpark, several days ago.
Bidzina Ivanishvili “became number one oppressor of businesses in Georgia” - ICC Georgia chairman Fady Asly
Mr. Ivanishvili promised the business community to protect them from harassment and pressure, unfortunately his words died with the sunset of that day
The best brands of Belarus will be exhibited on a large-scale exposition in Tbilisi
"The Belarusians like to come to Georgia to relax near the sea in Batumi as well as to stay in sunny Kakhetia."
Don’t treat business like a hooker! - Georgian businessman Vasil Soprpmadze addresses politicians
Businessman Vasil Sopromadze, founder of the company "Fresco", addresses politicians
RAV4 No Compromise and Corolla Set to Impress – Two New Cars Presented by Toyota
Toyota Caucasus, the company constantly aspiring to greatness, has presented two new models the 5th generation RAV4 and the 12th generation Corolla.
Mamuka Khazaradze quits TBC bank, does not sell the TBC Bank share
I made a decision to leave TBC bank where I spent 27 years of my life
10 Reasons to buy an apartment in the suburbs
There is a tendency for Tbilisi dwellers to move from central parts of the capital to the suburbs.
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
GEL Exchange Rate
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
July 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31