The development of the business incubator is integrated into the economic framework and development of Georgia. The last few years of Georgian economy development has been indicating a positive trend under the new leadership of the country. In the following, BII Georgia is neither intending to position itself within the spectrum of political discussion on macro-economic development, nor is it claiming to provide a comprehensive overview on the Georgian economic situation. Instead, we are summarizing our perception of the socio-economic situation in Georgia with quoting publications and reports of third parties with high competencies in this field.
Our understanding of the economic tendencies and factors of influence can be summarized as following:
- Economic stabilization policy in the context of global financial and economic crisis
- Abkhazia and South Ossetia deoccupation policy based on long-term strategy of putting political pressure on Russia with the help of US, EU and international organizations.
- Infrastructure development orientation to create workplaces and improve country infrastructure.
- Creation of optimal business environment to attract investors.
- Government's top economic development strategy priority set towards attracting foreign direct investment.
- Strategic American military and economic interest in the corridor from Eastern Europe over the Caucasus and Central Asia to South East Asia and Australia (combining the following aspects: fighting terrorism, natural resources and further economic interests);
- Utilizing Georgia's geopolitical advantage as a hub and energy corridor between Europe and Asia.
- The principle of Four Freedoms will be implemented more widely in the relations with the European Union - Free movement of the goods, the capital and services will be ensured. Certain degree of free movement/travel will be increased for a definite group of people: for students, enterprisers and the scientists first of all.
- Government commitment to develop the country as a modern European state;
- EU's European Neighborhood Partnership instrument;
- Growing awareness of the importance of diversification of the SME sector;
- Growing awareness of the importance of science, education, and innovation for the competitiveness of the economy;
- Growing awareness on government levels of the strategic focus on sectors and clusters of the economy to achieve long-term competitiveness of the Georgian economy in the global context;
- Growing awareness on government levels of the effectiveness of public-private partnerships.