THE LATEST TRENDS IN GEORGIA’S BUSINESS REGISTER

Abstract

Lia Dzebisauri i 
 E-mail: lia.dzebisauri@tsu.ge 
 Associate Professor, Ivane Javakhishvili Tbilisi State University 
 Tbilisi, Georgia
 https://orcid.org/0009-0002-2604-9323
 
 Marine (Maia) Mindorashvili 
 E-mail: maia.mindorashvili@tsu.ge 
 Associate Professor, Ivane Javakhishvili Tbilisi State University 
 Tbilisi, Georgia
 https://orcid.org/0009-0001-7177-9870
 Abstract .In this paper, we examine the Statistical Business Register (SBR) in Georgia, which serves as the foundation for economic statistics. To keep up with the demands of the modern digital economy, the SBR requires ongoing capacity-building efforts. It's a critical component in generating official statistics that inform evidence-based decision-making. In light of the ongoing globalization process, particularly in the wake of the COVID-19 pandemic, there's a growing demand for high-quality, comparable SBR and economic statistics at the international level. Geostat's BR is unique in that it allows for determining an entity's activity status. However, the current globalization process presents a challenge to creating a perfect SBR, increasing the need for an internationally comparable SBR in the post-COVID-19 pandemic world. Our paper highlights the significance of the SBR and investigates registered and active business entities in Georgia according to various parameters, such as economic activities, legal status, and territorial distribution by regions, and statistical trends of active companies during pre and pandemic periods. We also identify areas where COVID-19 had the most detrimental effect and where further recovery is necessary for the sustainable development of Georgia's economy. As the backbone for economic statistics, the SBR needs continued capacity-building activities in the modern digital economy. It plays a central role in producing official statistics, both in terms of how the statistics are produced and the quality of the statistics that draw on information from them. Our article, in particular, is devoted to improving the quality and modernizing the indicators of the statistical business register, which further contributes to producing high level business and macroeconomic statistics.