ge. Objectives given in parenthesis correspond to the Problem Tree given in the above:
Recommendations
Objective s to be Achieved
Performance Indicators
Responsible Agencies
Duration
Comment
В· Conduct the 2 nd round of the privatization process through GSE;
В· Involve the Investment Funds into the privatization process.
В
В· Privatization process is improved (Objective 13);
В· Potential of the capital market is increased (Objective 2). /Td>
В· The companies included in the privatization list of the 2 nd round should be privatized through GSE;
В· A number of (at least 3-5) Investment Funds take part into the privatization process.
DSPM
NSCG
GSE
В· 1-2 years
В· With the technical assistance of the WB.
В· About 80% of the leading Georgian companies, which currently are not traded at GSE, have to be included into the list of the securities traded at GSE;
В· Government of Georgia (GoG) must introduce some incentives (eg simplified tax regime) for those corporations that decide to be listed at GSE.
В· Majority of leading companies are traded at GSE (Objective 4);
В· Potential of the capital market is increased (Objective 2). /Td>
В· Majority of leading Georgian companies are listed at GSE;
В· Simplified tax regime is introduced for the corporations traded at GSE.
PoG
MoF
NSCG
GSE
В· 1-2 years
В· With the technical assistance of the WB
В· Prepare and adopt the amendments into the Tax Code of Georgia (TCG);
В· Conduct the tax administration reform.
В·
В· The tax system is simplified (Objective 7);
В· There is an adequate tax code (Objective 6);
В· Incentives for paying bribes/Hiding profits are reduced (Objective 11);
В· The level of corruption is reduced (Objective 10);
В· Transparency of corporate disclosure is increased (Objective 12);
В· Reliability of financial disclosure is increased (Objective 28);
В· Corporate governance practice is imp...
