The Impact of the Corona-pandemic on Small Business in Georgia

Abstract

The present paper substantiates the relevance of the topic and defines the purpose and methods of the research.The essence and importance of small business in the Georgian economy is explained; Justifiably why the world and Georgia went to limit the spread of the virus, to maintain human health and life, and not to lead to economic recession. The paper analyzes and assesses the situation of small businesses in the context of restrictions imposed against the spread of the corona-pandemic; there is shown that the corona-pandemic and restrictions on its spread dealt the first and biggest blow to small businesses compared to large businesses. Particularly mostly the small enterprises are affected in the sphere, which have a direct connection with buyers (clients). The various types of Georgian business are characterized by how they slow down to adapt and to change in the midst of pandemic, how they transform, change into a completely new sphere of activity, save and become. The small business development prospects and main directions are predicted after the completion of the Covid-Pandemic restrictive measures in Georgia. The main directions of transformations based on the introduction of digital technologies in small businesses in Georgia are proposed. Moreover, the key imperatives must be protected to accelerate business recovery. Keywords: small business, the corona-pandemic, constraints, adaptation, survival, development, prospects.