About Civil.ge
Eng | Geo | Rus
Last updated: 19:13 - 22 Nov.'17
RSS
Mobile
Twitter
Facebook
Research: Georgia’s Economic Freedom Index Improved
Civil Georgia, Tbilisi / 16 Feb.'17 / 15:19


2017 Index of Economic Freedom, Europe. Source: Heritage Foundation

According to the 2017 Index of Economic Freedom, an annual publication by the Heritage Foundation, Georgia is ranked as 13th freest economy in the world and 5th freest in Europe, falling behind Switzerland, Estonia, Ireland and the United Kingdom.

Georgia’s overall score has improved by 3.4 points since last year reaching 76 points. As a result, the country still remains in the “mostly free” category.

Georgia’s government, the report said, maintained “strong momentum” in liberalizing economic activity while “taking steps” to restore fiscal discipline.

Public debt and budget deficits "remain under control," according to the report. "Large-scale privatization has advanced, and anticorruption efforts have yielded some notable results," it added.

“Open-market policies, supported by competitively low tax rates and regulatory efficiency, have facilitated flows of trade and investment,” it also said.

The report stated that the “well-maintained” monetary stability and fiscal health has contributed to macroeconomic resilience. Nonetheless, “deeper and more rapid” institutional reforms to enhance judicial independence and effectiveness remain “critical” to ensuring further economic development.

The Index of Economic Freedom measures economic policy developments in 186 countries.

Countries are graded and ranked on a scale from 0 to 100 with 12 components of economic freedom that evaluate the rule of law, government size, regulatory efficiency, and the openness of markets.

Latest News
22 Nov.'17 19:13
Three Suspects Dead as Anti-Terrorist Operation Ends
The State Security Service reiterated that the suspects were foreign citizens.
22 Nov.'17 18:22
Anti-Terrorist Operation Over
The status of the suspects still remains unclear.
22 Nov.'17 18:02
Javelin Purchase ‘Solely Defensive,’ Georgian Officials Stress
Deputy Foreign Minister Davit Zalkaliani says the decision “reflects the will of two sovereign nations.” 
22 Nov.'17 16:17
Anti-Terrorist Operation Continues
The number and origins of the suspects remain unclear.
22 Nov.'17 15:26
Deportation of Georgians Linked to National Security, Ukrainian Authorities Tell Ambassador
Gela Dumbadze rejected any connection between the deportations and Mikheil Saakashvili’s activities. 
22 Nov.'17 13:07
One Detained as Anti-Terrorist Operation Continues in Tbilisi
Additional security forces and light armored vehicles have been deployed to the scene.
22 Nov.'17 10:39
Large Scale Police Operation Underway in Tbilisi
Media outlets report that Georgian security forces are carrying out a counter-terrorist operation.
21 Nov.'17 17:07
EU, Georgia Adopt Revised Association Agenda
The new document will facilitate the implementation of the Association Agreement/DCFTA for 2017-2020.
21 Nov.'17 12:50
U.S. State Department Approves Sale of Javelin Missiles to Georgia
Tbilisi will purchase 410 Javelin missiles and 72 Command Launch Units.
21 Nov.'17 11:41
CSOs: Abolishing EU&NATO Minister’s Office without Consultations ‘Unacceptable’
Twenty-five civil society organizations call for further discussions over the role and functions of the Office.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
67