ISET

ISET Policy Institute started working on the Regulatory Impact Assessment (RIA) on the selected topics under the Draft Law on Insolvency Proceedings. In this project, ISET is partnering with the Berlin Economist, the German consulting group.

The project aims to conduct a RIA in light of 2030 Agenda requirements on following important topics under the draft law on insolvency proceedings:

1. establishment of a new profession of Insolvency Practitioners, their rights, duties and authorization to take insolvency appointments;

2. rights of the creditors under insolvency regimes (including ranking of creditors and pertaining risks);

On 18th of October, ISET Policy Institute together with its partner organizations: Georgian Farmers’ Association (GFA), Civil Development Agency (CiDA), Export Development Association (EDA), and Association Atinati presented a new project: Food and Agriculture SME Support Initiative (FASSI).

The project's main objective is to strengthen the capacity of Business Support Organisations (BSOs) in the food and agriculture sectors so that they may more effectively assist their members to comply with the new regulations and gain access to the EU market.

As a first step towards achieving this goal, ISET PI carried out a needs assessment among 47 BSOs and 114 enterprises and conducted interviews with state entities. The results showed clearly that BSOs need to gain trust among their member companies and potential members. There is a definite need for clear communication, strong organizational structures and extensive knowledge of economic matters, including the DCFTA.

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