Private sector and human-resource development in Georgia
Private Sector and Human-resource Development in Georgia
Author: Lasha Martashvili
E-mail: lmg@bk.ru
(18.02.2004)
TABLE OF CONTENTS
1.1 Government promotion policies of small and medium size enterprises.. 5
1.2 National Investment Agency of Georgia.. 5
1.3 Georgian Investment Center.. 5
1.2.1 Government’s Export Promotion Policy. 6
1.2.2 Georgian Export Promotion Agency (GEPA) 9
1.4 Foreign Investment Promotion.. 14
1.3.1 Government’s Foreign Investment Promotion Policy. 14
1.3.2 Foreign Investment Advisory Council (FIAC) 21
1.3.3 Taxation System and Tax Rates in Georgia. 23
1.3.4 Existing Taxation Practices. 34
1.6 Legislative Basis for the Operation of the Private Companies. 44
1.5.1 Law of Georgia on Entrepreneurs (LoE) (Corporate Law) 44
1.5.2 Law of Georgia on Securities Market (SML) 51
1.5.3 Employment Regulations in Georgia. 57
1.5.4 Regulations about Real Estate in Georgia. 59
1.7 The Business Environment in Georgia.. 61
1.8 Institutional Arrangements. 64
3.1 Main economic indicators.. 70
4.1 Company Registration and Licensing System... 110
4.1.1 Company Registration System.. 110
4.1.2 Company Licensing System.. 117
4.1.3 Joint Stock Companies traded at Georgian Stock Exchange. 120
4.1.4 Joint Stock Companies not traded at Georgian Stock Exchange. 132
4.3 Human-Resource Development in the Private Sector.. 134
5. Other Donors’ Activities.. 138
5.1 The World Bank and IMF. 138
5.1.1 List of the Active World Bank Projects in Georgia. 138
5.1.2 List of the Closed World Bank Projects in Georgia. 139
5.1.3 Description of the Closed World Bank Projects in Georgia. 140
5.1.4 The World Bank and IMF Cooperation in Georgia. 149
5.1.5 The World Bank Country Assistance Strategy for Georgia. 154
5.1.6 The World Bank Partners in Georgia. 161
5.8 The Government of the Netherlands.. 163
Currency
(Exchange rate as of 01 Feb. 2004)
Currency Unit = Georgian Lari (GEL)
1 USD = 2.11 GEL
1.0 GEL = 0.47 USD
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Abbreviations and Acronyms |
CAS
Country Assistance Strategy of the World Bank
CFAA
Country Financial Accountability Assessment
CIS
Commonwealth of Independent States
CPIA
Country Policy and Institutional Assessment
DFID
Department for International Development, U.K.
EBRD
European Bank for Reconstruction & Development
EDPRP
Economic Dev’t & Poverty Reduction Program
EU
European Union
FAO
Food and Agriculture Organization
FDI
Foreign Direct Investment
FIAS
Foreign Investment Advisory Service
FSAP
Financial Sector Assessment Program
FSU
Former Soviet Union
FY
Fiscal Year
GDP
Gross Domestic Product
GEL
Georgian Lari
GNP
Gross National Product
GoG
Government of Georgia
GSE
Georgian Stock Exchange
GTZ
German Technical Cooperation
IDA
International Development Association
IDF
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