Issue no: 955
• JUNE 16 - 19, 2017
• PUBLISHED TWICE WEEKLY
Source: huffingtonpost
PRICE: GEL 2.50
In this week’s issue...
Germany Supports Georgia’s Defense Reforms NEWS PAGE 2
GIP Commentary: What Georgia Can Learn from Montenegro’s NATO Accession POLITICS PAGE 3
FOCUS ON WOMEN IN POLITICS
UNDP study shatters the myths and we interview Senator Barbara Mikulski, the longest serving US female lawmaker PAGE 4&7
Georgia Improves Position in Doing Business Rating BY THEA MORRISON
E
uropean Chamber (EuCham) has released the list of the European countries which appear to have the best economic environment out of the 46 nations considered in the analysis. In the list of the Best European Countries for Business 2017, Georgia has improved its position and is now ranked the 17th, having earned a score of 68.6. Georgia’s score makes it a leading country among its neighbors in doing business. Armenia came in at 53.3 (54.6 last year) while Azerbaijan was rated at 49 (48.4 last year) and Turkey at 54 (55.6 last year). Based on this study, Nordic countries rank at the top of the list and can be identified as nations in which it is best to do business. Given the variables taken into consideration, it is clear that the EuCham score addresses the overall integrity and ethical issue of doing business, together with its natural financial objective, also reflecting its long-term sustainability goals. Like last year, Denmark tops the ranking with a score of 88, followed by Sweden, Finland, Nor-
Longest Serving US Female Lawmaker on Georgia, it’s Future & the Importance of Women in Politics POLITICS PAGE 7
Animal Migration Route, Bio Security Points & Sheep Dipping in Georgia BUSINESS PAGE 9
In Need of a Financial Hug: Gori Welfare & Development Center SOCIETY PAGE 10
Katy Perry Wears Georgian CULTURE PAGE 15
Rugby & Rehabilitation: UNICEF Announces Upcoming Film on Child Prisoners SPORTS PAGE 15
way and the United Kingdom. Ukraine takes the last (46th) position on the list with a score of 46.5, while Russia is ranked 44th with a score of 51.1 (in 2016 it was in 42nd place with a score of 50). The European Chamber ranks European countries based on their business environment. The ranking, named the EuCham Score, is reflected on a scale from 0 to 100, where 0 represents the
lowest performance and 100 represents the best performance. It results from the average between the DTF (Distance to Frontier) index of World Bank and the CPI (Corruption Perception Index) of Transparency International, since business integrity and transparency play an important role. In particular, the higher the average between these two values, the more favorable the country's business environment is.