Investors Handbook. A Legal Guide to Business in Georgia
life into Georgian economy. The main aim of the reforms was to boost foreign investments, cre-
ate new jobs, stimulate entrepreneurial activities in a variety of fields and increase the welfare of
citizens.
As a result of economic deregulation policy which was focused on liberalization of the Economy,
a number of state regulated spheres were sharply decreased and regulation procedures were sim-
plified. Consequently, our achievements have been recognized by a number of international in-
stitutions. This year the World Bank and the International Finance Corporation published a joint
research Doing Business 2011, under which Georgia ranks 12th among 183 countries in terms of
Ease of Doing Business. Moreover, Georgia surpasses 174 counties in terms of reformation of
business regulations since 2005. Last but not least, Georgia ranks first in the Post-soviet space,
excluding the Baltic countries, in terms of counter-corruption policy. It is worth noting that de-
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