State Aid: Defects, Ways of Regulation

Slava Fetelava; Jamlet Janjgava

State Aid: Defects, Ways of Regulation

Slava Fetelava

Doctor of Economics (PhD) Associate Professor of Grigol Robakidze University

Jamlet Janjgava

Doctor of Economics (PhD) Professor of Georgian National University

Abstract

Peer review method: Double-Blind

Accepted: May 16, 2023

Published: June2, 2023

Original scientific article

DOI suffix: 10.36962/NEC18022023-17

The article,,State Aid"refers to the problems of issuance of this aid. Therefore, in the article is highlighted the gaps of the state aid procedures, it is critically analyzed and is presented concrete proposals for their resolution (with the legislative amendments).

Ultimately, there is underlined that the draft proposals for the Georgian Law on Competition will help to uproot the existing gaps of the Law and will increase the efficiency of law enforcement mechanisms, which by establishing the principles of competition protection and free trade, should contribute to improving the quality and safety of business and investments in the country.

Keywords: State aid; consent; Agency; legislation; regulated sector; government; obligation.

References:

Fetelava S., Discussion on the Issues of Improving the Competition (antimonopoly) Law of Georgia, "Loi", Tbilisi, 2007;
The Law on Free Trade and Competition of June 3, 2005;
The law of Georgia on Competition (codified) of May 8, 2012;
Resolution of the Government of Georgia of September No. 529 of 1, 2014 on Approval of the Insignificant Amount of Individual State Aid and the General Rule of State Aid;
Association agreement between Georgia and the European Union and Georgia signed on September 1, 2014.

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The New Economist N 2 (2023), Vol 18, Issue 2

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Published Date:

03/07/2023

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