Обзор экономики Грузии за 2004 год
TBILISI, 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)
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Currency Unit = Georgian Lari (GEL) |
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1 USD = 2.11 GEL 1.0 GEL = 0.47 USD |
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Abbreviations and Acronyms |
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CAS |
Country Assistance Strategy of the World Bank |
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CFAA |
Country Financial Accountability Assessment |
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CIS |
Commonwealth of Independent States |
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CPIA |
Country Policy and Institutional Assessment |
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DFID |
Department for International Development, U.K. |
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EBRD |
European Bank for Reconstruction & Development |
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EDPRP |
Economic Dev’t & Poverty Reduction Program |
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EU |
European Union |
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FAO |
Food and Agriculture Organization |
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FDI |
Foreign Direct Investment |
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FIAS |
Foreign Investment Advisory Service |
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FSAP |
Financial Sector Assessment Program |
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FSU |
Former Soviet Union |
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FY |
Fiscal Year |
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GDP |
Gross Domestic Product |
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GEL |
Georgian Lari |
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GNP |
Gross National Product |
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GoG |
Government of Georgia |
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GSE |
Georgian Stock Exchange |
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GTZ |
German Technical Cooperation |
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IDA |
International Development Association |
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IDF |
Institutional Development Fund |
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IDP |
Internally Displaced Persons |
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IFC |
International Finance Corporation |
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IMF |
International Monetary Fund |
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IOSCO |
The International Organization of Securities Commissions |
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JSC |
Joint Stock Company |
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KfW |
German Financial Cooperation |
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LLC |
Limited Liability Company |
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MDGs |
Millennium Development Goals |
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MoF |
Ministry of Finance |
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NBG |
National Bank of Georgia |
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NGO |
Non-Governmental Organization |
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NBG |
National Bank of Georgia |
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NGO |
Non-Governmental Organization |
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OECD |
Organization For Economic Coop’n & Development |
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PER |
Public Expenditure Review |
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PPP |
Purchasing Power Parity |
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PRGF |
Poverty Reduction and Growth Facility |
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PRSP |
Poverty Reduction Strategy Paper |
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SAC |
Structural Adjustment Credit |
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SATAC |
Structural Adjustment Technical Assistance Credit |
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SEC |
Security and Exchange Commission |
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SIDA |
Swedish International Development Agency |
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SIF |
Social Investment Fund |
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SME |
Small and Medium Enterprises |
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SRS |
Structural Reform Support Project |
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TACIS |
Technical Assistance to the CIS (EU) |
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UNDP |
United Nations Development Program |
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UNHCR |
United Nations High Commissioner for Refugees |
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USAID |
United States Agency for International Development |
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VAT |
Value Added Tax |
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WTO |
World Trade Organization |
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