BAG Index: 50% of companies have low level of trust or none at all in Georgian judicial system
Moreover, 33 per cent of companies assess the Georgian judicial system as efficient or very efficient, while 39.2 per cent think that the system is inefficient or very inefficient. Photo: Mzia Saganelidze/Radio Liberty.
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About 41 per cent of Georgian companies have a low level of trust in the Georgian judicial system, while nine per cent have none at all, shows the Business Association of Georgian (BAG) Index, which is a joint product of BAG, PMCG Research Center and the ifo Institute for Economic Research.
Only 18 per cent of the surveyed businesses indicated a high level of trust in Georgian courts.
Moreover, 33 per cent of companies assess the Georgian judicial system as efficient or very efficient, while 39.2 per cent think that the system is inefficient or very inefficient.
Legal and administrative barriers were cited as one of the main factors hindering business activity, with the judicial system highlighted by many as a sub-factor within this category.
Respondents saw a need for improvement with respect to tightening deadlines (76 per cent) and increasing competence (57 per cent).
A large proportion of respondents also think that the judicial system will improve as a result of the simplification of procedures and an increase of impartiality.
Small and medium-size business owners (SMEs) who have leased municipality-owned areas for their business activities have been made exempt from lease payments for three months to mitigate the negative impact of COVID-19 on the business, Mayor of Tbilisi, Kakha Kaladze stated today.
Member businesses of the Business Association of Georgia (BAG) have assessed the present business situation negatively in the third quarter of 2020, while their expectations for the next six months are positive, says the BAG Index, which is a joint product of the BAG, PMC Research Center and the ifo Institute for Economic Research.
Georgian businessmen have asked Prime Minister Giorgi Gakharia to extend benefits businesses enjoyed in the spring amid the coronavirus.
Georgian Prime Minister Giorgi Gakharia announced earlier today how the government intends to help businesses and agriculture during the COVID-19 crisis.