CHALLENGES AND PERSPECTIVES OF SMALL AND MEDIUM-SIZED BUSINESS DEVELOPMENT IN GEORGIA
DAVID VEKUA
Doctor of Economics
Guram Tavrtkiladze Teaching University
Tbilisi, Georgia
E-mail: david.vekua@yahoo.com
http://orcid.org/0000-0003-3933-7746
Abstract
Small and medium-sized businesses play a very significant role in the development and economic growth of any country. For Georgia, small and medium-sized business is one of the primary driving forces of the economy, therefore, it is very important to consider specific requirements for the development of small and medium-sized businesses on the path of Georgia's European integration. It is important that the support and encouragement of small and medium-sized enterprises play a crucial role in the policies of both developed and developing countries. Supporting this sector is necessary for Georgia for European integration, as it ensures both economic growth and social welfare. Promoting the small and medium-sized entrepreneurial sector will significantly reduce poverty and increase employment.
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