Georgia named leader in SME policy index in Eastern Partnership countries
Out of 12 indicators, Georgia received the best rating in 9 indicators in a study conducted under the aegis of the Organisation for Economic Co-operation and Development. Photo: Nino Alavidze/Agenda.ge.
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Georgia is the leader among the countries of the Eastern Partnership in the small and medium enterprises policy index, announces the Ministry of Economy of Georgia.
Out of 12 indicators, Georgia received the best rating in nine indicators in a study conducted under the aegis of the Organisation for Economic Co-operation and Development (OECD).
The nine indicators in which Georgia came out on top are:
- Regulatory environment
- Entrepreneurial environment
- Supporting services for SMEs and start-ups
- State procurement
- Access to finances
- Standards and technical regulations
- Entrepreneurial skills
- Innovations
- Internationalisation of SMEs
Furthermore, the rating of Georgia and its score has improved in 11 indicators compared to the rating of 2018, says the ministry.
Georgia has risen in the rankings of the World Happiness Report published by the United Nations. This year Georgia came in 119th place in the World Happiness Report, while last year Georgia ranked 128th among the world’s happiest countries.
Georgia has improved its position and now takes 16th place in the latest Best European Countries for Business 2019 report, published by the European Chamber (EuCham), a non-profit international organisation headquartered in Italy.
In the newest rankings by Global Finance Georgia takes 49th place among 128 countries with a safety index score of 9.68. With this result, Georgia is the safest country in the region.
The Global Finance magazine named Georgia among the countries with the most dynamic investment attractiveness on the basis of economic stability, indicators of management quality and business regulations, announces Georgian Ministry of Economy.
Georgia has been put on the list of top 50 countries under the Global Innovations Index rankings in 2019. Georgia is ranked 48th, while it came in 59tg in 2018. Georgia’s Innovation and Technology Agency reports that ‘Georgia's high-tech import, export of information and communications services (ICT) and industrial designs’ has caused the progress.
Georgia has improved its position in the latest list of ‘Freedom Barometers’ published by the Friedrich Naumann Foundation annually for different countries around the world. This year, Georgia is in 27th position among a list of 45 countries and scored 69.06/100.