Putkaradze, Ramaz2026-03-262026-03-262024IX International Scientific Conference: "Challenges of Globalization in Economics and Business", Proceedings , Tbilisi, 2024, pp. 331-337978-9941-36-414-3https://dspace.tsu.ge/handle/123456789/27341. Asian Development Bank. (2022). (ADB) Public-Private Partnership Handbook. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://ieg.worldbankgroup.org/sites/default- /files/Data/reports/chapters/ppp_chap1_0.pdf 2. European Commission (2003). Guidelines for Successful Public–Private Partnerships. Brussels. Available: http://ec.europa.eu/regional_policy/sources/docgener/guides/ ppp_en.pdf 3. EPRS. European Parliamentary Research Service. (2017). Public-private partnerships in research. 4. www.eib.org/epec 5. EPEC (2011). The Guide to Guidance – How to Prepare, Procure and Deliver PPP Projects. 6. 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Historical Aspects of Trade and Economic Relations between Georgia and the European Union. Zeszyty Naukowe UNIWERSYTETU PRZYRODNICZO-HUMANISTYCZNEGO w SIEDLCACH Seria: Administracja i Zarządzanie. Scientific Journal Nr 107. 14. Putkaradze, R. (2010). Trade and Economic Relations between Georgia and the European Union: Problems and Perspectives. Universali, Tbilisi. (In Georgian). 15. Putkaradze, R. (2015). Historical Aspects of Trade and Economic Relations between Georgia and the European Union. ZeszytyNaukowe UNIWERSYTETU PRZYRODNICZO-HUMANISTYCZNEGO w SIEDLCACH Seria: AdministracjaiZarządzanie. Scientific Journal, Nr 107, 2015. ZeszytyNaukowe UNIWERSYTETU PRZYRODNICZO-HUMANISTYCZNEGO w SIEDLCACH Seria: AdministracjaiZarządzanie, Poland. 16. https://ppp.gov.ge/In the modern world, the trend of strengthening relations between the state and private sectors through the penetration of private capital into state property is getting stronger in terms of economic globalization. In addition, the functions of the state and the tasks related to the privatization of individual areas of the economy within the country are changing. In this regard, cooperation between state institutions and businesses is an integral condition for the proper functioning of the market economy. In recent decades, PPP, a very special degree of interaction between the state and business, has been actively developing in a number of developed and developing countries. The importance of PPP is widely recognized in the EU member states, which is reflected in their budget allocations, legislation and relevant programs. While the development and implementation of modern strategies of innovative development in the developed countries of the West, significant attention is paid to the creation of organizational and legal guidelines for the formation of such projects of the PPP, which provide various combinations of private industrial companies, universities, government agencies and independent scientific and research laboratories to achieve specific scientific and technological results. On the other hand, the participation of business in joint infrastructural projects with the state provides good results. In particular, it contributes to the introduction of new technologies, the reduction of budget costs and the successful implementation of projects. In the EU member states PPP is recognized as one of the most important instruments for increasing competitiveness. Despite the importance of PPP, its introduction in Georgia is quite slow. The failure of a number of methodological issues for the transition to partnership relations between the state and business, lack of proper experience of such partnership, underdevelopment of the legal and normative base, bureaucratic obstacles hinder the development of SPC in Georgia. Therefore, the topic of the research is pressing. In EU countries (France, Italy, Germany, etc.), public-private partnership has been used for many years. As a result, the number of such projects is increasing significantly. It should be noted that the Public Private Cooperation Agency was established on the basis of the Law on Public and Private Cooperation, and it began to operate in February 2019. On 7 May 2003, the European Commission published its Internal Market Strategy, which highlights the need for clarification of legal issues related to PPP. On 16 September 2008 the EIB and the Commission launched the European PPP Expertise Center (EPEC), which has significantly facilitated the development of PPPs in member states. According to the World Bank (Benchmarking Infrastructure Development 2023), Georgia has good results in the evaluation components of public-private cooperation: (PPP project preparation, PPP project procurement, PPP contract management and initiative offer (USP)). The country got the highest grade, 83 points, for the PPP initiated by the private partner (USP). The evaluations in the other three components are as follows: PPP project preparation – 65 points, project procurement – 74 and contract management – 79 points. It should be stated as well that Georgia's scores in all four directions are much higher than the average indicators of countries with similar incomes around the world. Thus, the development of public-private cooperation in Georgia has a great perspective, which in turn will contribute to the country's economic development and getting closer to the European Union.otherArticle