The FINANCIAL — First Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development Dimitry Kumsishvili introduced to the EU delegation and the representatives of the international financial organizations the outcomes of the activities of the Georgian Government aiming at facilitation of the small and medium size businesses.
Dimitry Kumsishvili talked about the importance of the EU4Business at the meeting on Small and Medium Business and Free Trade Agreement with the EU at the Radisson Blu Iveria Hotel. The First Vice Prime Minister introduced the outcomes of the EU4Business program to the participants of the meeting. According to Dimitry Kumsishvili, this program enables Georgia to become more competitive and increases the export capabilities of the country, according to Ministry of Economy and Sustainable Development of Georgia.
Dimitry Kumsishvili also talked about the important reforms implemented by the Government of Georgia and once again emphasized the significance of the Association Agreement with the EU for the development of Georgia’s economy. “In 2014, alongside the Association Agreement, we also signed the Agreement on Deep and Comprehensive Free Trade Area, which was a strong impulse to open up new possibilities for Georgia, to stimulate establishing of the new enterprises in Georgia and making Georgia’s economy more competitive. Simultaneously, the Government of Georgia launched the state program Enterprise Georgia, which is one of the most successful programs and is similar to the program offered by the EU – the EU4Business,” – Dimitry Kumsishvili stated. As the First Vice Prime Minister noted, the Visa Liberalization was another strong stimulus for promoting the development of the small and medium businesses in Georgia.
The First Vice Prime Minister of Georgia, during the meeting with the EU delegation, highlighted the measures aiming at export diversification. He also noted that Georgian Government is now establishing the Commercial Attaché institution aiming at increasing the export capabilities and attracting investments.