1. Economic Freedom of the World 2010 Georgia Gia Jandieri Vice-president, NESG Tbilisi, Sep 21, 2010

2. Georgia 2009-2010

3. Doing Business 2010 – Top 10+

4. DB 2009-2010

5. HERITAGE FOUNDATION 2010

6. Finance Act - 2008 Independent regulatory body of Finance Sector Decreasing and elimination of taxes on: -Dividends -Capital gains, and -Interest Until 2013

7. Other initiatives of Georgian Government De-regulation of pharmaceutical business activities Easing of permissions for construction business Introduction of e-failing of tax declarations Total elimination of social (insurance) tax from 2007

8. Georgia and the EU From Free Trade to Deep and Comprehensive Free Trade Agreement = harmonization of legislation, re-regulating and increasing of taxes Debated topics: -Anti-trust regulation -Emigration and labor policy towards foreigners -Contact based Labor -Food safety… New requirements every day

9. Liberty Act Referendum requirement for tax increase No new regulations Restricted fiscal system: -Public debt -Deficit -Limited government spending

10. Problems to be Solved Inviolability of private property Anti-constitutional Taxation administrative rules Still high level of taxation Increased public spending Increased Public debt…

11. Many thanks Gia Jandieri gjandieri@gmail.com