Saakashvili Vows to Improve Business Climate

At a meeting with representatives of the business community on November 14, President Saakashvili vowed to improve the business climate in Georgia through a number of new legislative initiatives he plans to submit to the Parliament for consideration in one month’s time. The President also called on the businessmen for ?coordination and interaction? with the authorities.

?Our long-term interest is to create conditions for the development of your business. This will in itself settle the problem of unemployment. The first proposal involves further simplification of the Tax Code of Georgia; the second one concerns simplification of export-import procedures – since these procedures are very complicated today; we also plan to liberalize and simplify the Labor Code. One more proposal concerns judiciary reform, envisaging simplification of judicial procedures on the one hand and simplification of the language of law on the other, in order to avoid double interpretations,? Saakashvili said.

He also said that the authorities plan to liberalize the banking system, which, according to the President, will simplify the procedures for foreign businesses to invest in the country?s banking system.

Saakashvili said that all these new initiatives aim at ?lessening interference and regulation by the state.?

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