Competition Policy in Georgia – The Major Phases of Development

The article analyzes and discusses the possibilities of competition policy in Georgia. The study uses economic analysis. The article based on the facts of the Georgian market. Nowadays, Georgia has a highly liberalized economy with few formal legislative and administrative barriers. Laws regulating competition in Georgia were repealed in 2005. This created risks of well‐established market players engaging in anti‐competitive practice and abusing their market power. It is clear that the Competition Agency will now face a number of difficulties and challenges when enforcing the Law. The motivation to study competition policy of Georgia and its major phases of development is the step to describe 25 years period of the competition policy in Georgia. The results of the research paper constitute in the usage of theoretical conclusions and in further recommendations. With this being said, recommendations presented in the work will significantly contribute and help researchers expand their scope of research in the above‐mentioned field.