Independent and cutting-edge analysis on global affairs

The new Georgian government embarked on a liberal economic policy. Tax laws have been simplified, the variety of licenses and permits has been reduced and procedures were simplified. The country started a massive privatization process and investment in infrastructure. The reforms carried out by the government ensured the growth of both economic and investment streams. However, as a result of the Russian aggression in August 2008 and due to the economic crisis, economic activity in Georgia has significantly fallen back. Georgia and the EU have a contractual relationship under the European Neighborhood Policy (ENP), to re-strengthen Georgia’s economy, and an Eastern Partnership Agreement has been signed this year. Similarly an Agreement on Free Trade, signed between Georgia and Turkey this year, is expected to further facilitate Georgia’s economic recovery.

 

CONTRIBUTOR
Davit Narmania
Davit Narmania
The Premium Corporate Sponsor of TPQ
Yapı Kredi
Foreword TPQ’s Summer issue, NATO in 2020 and Beyond: New Strategies and Frontiers, offers insights on the Alliance’s current challenges and future security trends, while offering a look into Euro-Atlantic relations in the coming decade. It is clear that as the international security landscape is rapidly changing, member states’ capabilities, resilience, and most importantly, their...
STAY CONNECTED
SIGN UP FOR NEWSLETTER
FACEBOOK
PARTNERS