Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/258996 
Year of Publication: 
2021
Series/Report no.: 
Regional and Country Studies
Publisher: 
European Investment Bank (EIB), Luxembourg
Abstract: 
Wide-ranging reforms linked to Georgia's EU aspirations have strengthened its economy and improved living standards. Nevertheless, further reforms are still needed and the Covid-19 pandemic has had a big impact on the hospitality sector, which has been a key driving force behind the country's strong growth in recent years. To continue its economic convergence with the EU, Georgia needs to strengthen the conditions for its private sector to thrive. This report aims to identify the key challenges and opportunities for promoting private sector development and investment in Georgia. Written and researched together with the EBRD, it reviews the political and economic environment and then digs deeper into issues of public and private governance, human capital formation, gender inequalities and access to finance, particularly for SMEs. The report also looks at Georgia's external competitiveness and its infrastructure needs, with a particular focus on the energy sector in the context of climate change.
Subjects: 
climate change
economic consequence
economic convergence
economic reform
energy market
financing
Georgia
hotel industry
infringement procedure (EU)
labour market
living conditions
private education
private sector
public sector
small and medium-sized enterprises
transport infrastructure
vocational training
Persistent Identifier of the first edition: 
ISBN: 
978-92-861-5069-2
Document Type: 
Research Report

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