SME Policy Index: Eastern Partner Countries 2012

Progress in the Implementation of the Small Business Act for Europe

image of SME Policy Index: Eastern Partner Countries 2012

This ssessment of SME policy frameworks in eastern partnership countries helps support SME policy development in the eastern partnership countries through identification of strong and weak points in SME policy elaboration and implementation.



SBA country profile: Georgia

Within its economic policy reform agenda, Georgia has improved the business environment for SMEs by simplifying administrative regulation, reducing the tax burden and fighting corruption. Liberalising conditions for doing business in Georgia include simplifying regulatory practice and facilitating free trade and privatisation campaigns. The National Anti-Corruption Strategy has been an important instrument to support businesses by introducing simple rules and overcoming administrative hurdles. The SBA assessment shows high scores for responsive administration and access to finance dimensions.The country would benefit from a more targeted approach with a stronger focus on development of enterprise skills, innovation policy and SME support services. Currently, SMEs do not play an important role on the economic policy agenda, given their small production value and turnover, but a more pro-active approach in areas of know-how accumulation, capital investments and absorption capacities for technologies would help tap their potential. Ideally, this approach should be linked to regional development objectives and sector priorities.


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