Ministry of Economy and Sustainable Development (Georgia)
Encyclopedia
The Ministry of Economy and Sustainable Development is a ministry of the government of Georgia
in charge of regulating economic activity in the country. Its head office is in Tbilisi
. It is currently headed by Vera Kobalia
.
The main functions of the ministry are to provide incentives for economic growth in the country utilizing an effective economic policy. The economic policies of the state are described in the action plan of the Georgian Government for 2004-2009 titled For United and Powerful Georgia. The policies include utilization of macroeconomic policy and private entrepreneurship development. The economic reforms undertaken by the government include liberalization of entrepreneurial activities, creation of favorable, transparent and stable legislation for private business owners; realization of active privatization process and support to strengthening of private sector; facilitation of issuance of licenses and permits and reform of the system of technical regulation; economic deregulation and protection of markets against monopolization; development of tourism, transport and communication infrastructure, etc.
Georgia (country)
Georgia is a sovereign state in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of...
in charge of regulating economic activity in the country. Its head office is in Tbilisi
Tbilisi
Tbilisi is the capital and the largest city of Georgia, lying on the banks of the Mt'k'vari River. The name is derived from an early Georgian form T'pilisi and it was officially known as Tiflis until 1936...
. It is currently headed by Vera Kobalia
Vera Kobalia
Vera Kobalia is a Georgian politician who has served in the Cabinet of Georgia as the country's Minister of Economy and Sustainable Development since July 2, 2010.-Early life:...
.
Structure
The Ministry of Economic Development was established after dissolution of Soviet Union. It was renamed to Ministre of Economy and Sustainable Development during government restructuring in 2010.The main functions of the ministry are to provide incentives for economic growth in the country utilizing an effective economic policy. The economic policies of the state are described in the action plan of the Georgian Government for 2004-2009 titled For United and Powerful Georgia. The policies include utilization of macroeconomic policy and private entrepreneurship development. The economic reforms undertaken by the government include liberalization of entrepreneurial activities, creation of favorable, transparent and stable legislation for private business owners; realization of active privatization process and support to strengthening of private sector; facilitation of issuance of licenses and permits and reform of the system of technical regulation; economic deregulation and protection of markets against monopolization; development of tourism, transport and communication infrastructure, etc.