Starting business is not sufficient
By Messenger Staff
Thursday, September 17It is easy to start a business in Georgia but not so easy to maintain it. The Georgian administration frequently promotes the fact that Georgia is in 11th place out of 183 countries in terms of ease of doing business and someone wishing to start one can register and conclude all the formalities very cheaply and in a short period of time. Although this is very much to be welcomed, the problem arises when the conditions in which the business will operate are assessed. If people have no money, an entrepreneur does not have a business.
Economic analyst Davit Narmania thinks that running a business is not only a matter of registering and starting it. It also involves obtaining sufficient financial resources to fund it, through bank loans etcetera, and achieving a functional profit. He points out that no international assessment of how Georgia ranks in these areas has been published.