კონფერენცია

∘ Ani Kimadze ∘
THE LEGAL AND INSTITUTIONAL SUPPORT OF SMALL AND MEDIUM BUSINESS IN GEORGIA

Summary

The article discusses the environment of small and medium business development in Georgia. This environment is made by the state government and expresses the supporting policy for small and medium business. This work considers the legal and institutional maintenance by the Georgian government from 1990. In 1994 the law about entrepreneurs was adopted, in 1999 – the law about the maintenance of small enterprises and in 2000 was created a center of small business development and encouraging and in 2002 – a state help program for small and medium enterprises.

It is said in that from 2004 the actual maintenance of small and medium business was stopped by the Georgian government and the law about “the maintenance of small business”was annulled. The government declared the liberal economic course that meant the creation of equal conditions for all enterprises. Scientists criticized this behavior of Georgian government, but till October, 2012 nothing has changed. The existing government reckoned small business as a priority.

In October,2012, new Georgian government started to create special conditions for small business. The agency of entrepreneurs development, the agency of innovation and technology was opened, the program “Produce in Georgia” “Credit percent subsidize” started, partnership fond was found etc. Besides, the new government laid down the law: ‘’the strategy of small and medium business development for 2016-2020 years’’.

We hope that this document will work effectively and won’t stay only on the paper.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Ani Kimadze ∘ THE LEGAL AND INSTITUTIONAL SUPPORT OF SMALL AND MEDIUM BUSINESS IN GEORGIA Summary The article discusses the environment of small and medium business development in Georgia. This environment is made by the state government and expresses the supporting policy for small and medium business. This work considers the legal and institutional maintenance by the Georgian government from 1990. In 1994 the law about entrepreneurs was adopted, in 1999 – the law about the maintenance of small enterprises and in 2000 was created a center of small business development and encouraging and in 2002 – a state help program for small and medium enterprises. It is said in that from 2004 the actual maintenance of small and medium business was stopped by the Georgian government and the law about “the maintenance of small business”was annulled. The government declared the liberal economic course that meant the creation of equal conditions for all enterprises. Scientists criticized this behavior of Georgian government, but till October, 2012 nothing has changed. The existing government reckoned small business as a priority. In October,2012, new Georgian government started to create special conditions for small business. The agency of entrepreneurs development, the agency of innovation and technology was opened, the program “Produce in Georgia” “Credit percent subsidize” started, partnership fond was found etc. Besides, the new government laid down the law: ‘’the strategy of small and medium business development for 2016-2020 years’’. We hope that this document will work effectively and won’t stay only on the paper.