As the result of an ambitious reform agenda set out by the Government of Georgia after the Rose Revolution in 2003, the country has witnessed impressive improvements in the macro-economic situation that subsequently led to growth and stability. Since 2004, Georgia has reoriented its policy toward further improvement of the business climate, deregulation and privatization, establishment of free markets and improved control of corruption. The results of their performance have gained international recognition. Georgia was ranked nr 1 reformer in the World Bank’s 2007 “Doing Business Survey”, improving its overall ranking from 112 to 37. In the “Doing Business 2008” Georgia was further promoted to the 18th place in the overall aggregate rankings. Georgia also improved from 52nd to 35th place on Heritage Foundation’s 2007 Economic Freedom Index.
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