Enterprise Georgia CEO highlights Gov’t’s “supportive mechanisms” to promote SMEs at OECD Eurasia Week
As part of OECD Eurasia Week 2023, Khidureli also participated in a plenary session titled Low Carbon Transitions in Eurasia: Strategic Frameworks for Sustainable Infrastructure, where he discussed the agency’s engagement in promoting environmental sustainability within the country's enterprises Photo via Enterprise Georgia
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Mikheil Khidureli, the CEO of Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports, on Friday highlighted the Government’s “supportive mechanisms” to promote small and medium-sized enterprises in Georgia.
In his speech at the panel of the OECD Eurasia Competitiveness Roundtable, held within Eurasia Week 2023 in Paris, Khidureli emphasised Enterprise Georgia’s initiative to establish Growth Hubs as regional consulting centres, representing “an exemplary effort to foster SME digitisation across the country”.
He added the first centre was already operating in a pilot regime, with two more set to launch “shortly”, stressing the extensive research, conducted by the agency prior to the project’s launch.
This research aimed to understand the specific needs of businesses in different regions. As a result, the Growth Hubs now offer a comprehensive range of services structured into six different modules. These modules cover vital aspects such as sales and marketing, business modelling and strategic planning, finance and accounting, legal considerations, taxation, and, notably, digitalisation”, the CEO of the agency said.
Photo via Enterprise Georgia
Khidureli also noted the Growth Hubs were “well positioned” to assist businesses in navigating the “complexities of the digital landscape and harnessing its potential for growth” by integrating digitalisation into the services.
As part of OECD Eurasia Week 2023, Khidureli also participated in a plenary session titled Low Carbon Transitions in Eurasia: Strategic Frameworks for Sustainable Infrastructure, where he discussed the agency’s engagement in promoting environmental sustainability within the country's enterprises.
In the OECD’s latest ranking, revealed on Wednesday, on the Small and Medium-Sized Enterprises Policy Index involving the European Union’s Eastern Partnership countries, Georgia has maintained the status of a frontrunner.
The report covering Armenia, Azerbaijan, Georgia, Moldova and Ukraine placed the country at the top in 11 out of 12 categories, ranging from institutional and regulatory framework, operating environment, insolvency and second chances, entrepreneurial training and women's entrepreneurship.
Georgia has maintained the status of a frontrunner in the Small and Medium-Sized Enterprises Policy Index involving the European Union’s Eastern Partnership countries, with the latest ranking revealed by the Organisation for Economic Co-operation and Development on Wednesday.
William Tompson, the Head of the Eurasia Division in the Organisation for Economic Co-operation and Development’s Global Relations Secretariat, on Thursday said Georgia had experienced “huge success” after 2020 due to a “consistent policy” of its state agencies.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Friday said access to finances was a “critical factor” for the success of micro, small and medium enterprises, in comments during the signing of a cooperation agreement between the domestic Terabank and the Netherlands Development Bank.
Georgian Deputy Economy Minister Irakli Nadareishvili on Wednesday said increasing the effectiveness of the small and medium-sized business sector was a “priority direction” of the Georgian Government’s economic policy.
Six Georgian fashion brands have participated in Who’s Next fashion trade shows in Paris for the first time with the support of the Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports.
Five Georgian brands, producing children’s clothing, were showcased at the largest children’s clothing exhibition - Playtime Paris 2024 with the support and co-financing of Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports.
Paweł Herczyński, the Ambassador of the European Union to Georgia, on Friday highlighted the country’s “leading position” in the Small and Medium-Sized Enterprises Policy Index involving the EU’s Eastern Partnership countries.
Vakhtang Tsintsadze, the Georgian Deputy Economy Minister, on Friday said the country’s “leading position” in the Small and Medium-Sized Enterprises Policy Index involving the EU’s Eastern Partnership countries was a “recognition” of the Government's “successful” economic policy.