Georgia: A Business-Friendly Nation Recognized by the World Bank
In 2024, the World Bank introduced the Business Ready (B-READY) initiative to assess the quality of regulations and public services that impact businesses across the globe. Unlike previous models, B-READY does not assign overall country rankings but instead provides deep insight into business environments through sector-specific indicators. (World Bank Data, World Bank Group, Reuters)
In the inaugural B-READY report, which covered 50 economies, Georgia performed notably well, further solidifying its reputation as a leading destination for international entrepreneurs and investors. (Reuters, World Bank Group)
Under the Regulatory Framework, Georgia ranked among the top global performers, closely following countries like Hungary and Portugal. When it comes to Operational Efficiency, Georgia stood out as second only to Singapore, demonstrating exceptional results in areas such as business registration, contract enforcement, and general ease of business setup. (Reuters, World Bank Data)
Although the B-READY report does not publish a single global ranking, Georgia’s consistently high performance in key business dimensions highlights its ongoing commitment to building a transparent, efficient, and investor-friendly environment. (World Bank Group, Reuters, World Bank Data)
