No. 45: Entrepreneurship in the South Caucasus

Author(s): Philippe Rudaz, Hrant Mikaelian
Editor(s): Jeronim Perovic, Lili Di Puppo, Iris Kempe, Heiko Pleines, Matthias Neumann, Robert Orttung
Series: Caucasus Analytical Digest (CAD)
Issue: 45
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Research Centre for East European Studies, University of Bremen; Institute for European, Russian and Eurasian Studies, George Washington University
Publication Year: 2012

The current CAD looks at the issue of entrepreneurship in Georgia and Armenia. In both countries, small and medium-sized businesses have developed considerably over the past years. Entrepreneurs however still face considerable challenges resulting from a difficult economic and political environment. Corruption, lack of protection for investments and property, and the complexity of the tax administration are obstacles which need to be overcome and addressed by governments.

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