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New Excise Tax Rule for Automobiles
24-Jan-2017
Starting from 1st January of 2017 the new rule of excise tax calculation launched. There is a significant increase of excise tax on the automobiles issued before 2005. The excise tax on the automobiles with right-hand side wheel also increased significantly and amounted to 3 times more than the same car with left-hand side wheel.
Banks’ Non-profile Businesses
23-Jan-2017
Mikheil Kukava, Economist at PMC Research talks about advantages and disadvantages of non-profile businesses of Banks in Georgia.
Banking Sector 2016 – Key Trends
15-Jan-2017
Maya Grigolia, Research Director at PMC Research summarizes key trends in banking sector according to first 3 quarter indicators.
Banking Sector According to I - III Quarters, 2016
13-Jan-2017
Analysis of January - November 2016, compared to the corresponding period in 2015: Net profit of commercial banks increased by 25.1% (114 mln GEL) and amounted to 567 mln GEL; the volume of deposits increased (9.4%), as did the volume of loans (7.9%) (adjusted for exchange rate); the proportion for which construction (by 2.8 percentage points), financial intermediation (2.5 percentage points) and hotels and restaurants (3.0 percentage points) were responsible for total loans increased; the volume of non-performing loans increased by 9.5% which is mostly due to depreciation of GEL exchange rate.
Analyses of Construction Sector: I - III Quarters, 2016
28-Dec-2016
According to the first three-quarters of 2016, compared to the corresponding period of 2015: The volume of production in the construction sector increased by 41.2% and reached 4.2 bln GEL; foreign direct investment (FDI) in construction increased by 21.8% and reached US$106 bln; the number of people employed in the construction sector increased by 3.1% and amounted to 60.1 thousands of people; the average monthly remuneration of employees in the sector is 1,415 GEL.
Exchange Rate
26-Dec-2016
Maya Grigolia, Research Director at PMC Research discusses about the factors affecting Gel exchange rate.
2017 Budget Draft
02-Dec-2016
Mikheil Kukava, Researcher at PMC Research assesses 2017 Budget Draft.
Georgia-Armenia Trade Relations and EEU Membership
29-Nov-2016
Armenia’s integration into the EEU raises new barriers in trade relations between Georgia-Armenia.
What are the Challenges in Georgia-Armenia Trade Relations?
28-Nov-2016
Armenia’s decision to join the Eurasian Economic Union (EEU) exempted traders from union member countries from paying value added tax (VAT) and excise tax, thus putting Georgian traders in a disadvantaged position and breaking the main principles of the Free Trade Agreement between Georgia and Armenia.
Armenia-Georgia Trade Relations: Getting close or Distant?
24-Nov-2016
PMC Research together with the Konrad-Adenauer-Foundation (KAS), hosted a presentation and public discussion of the research findings “Armenia-Georgia Trade Relations: Getting close or distant?”.
Georgia-Armenia Trade Relations
24-Nov-2016
Shushanik Safaryan, Researcher at PMC Research comments about the challenges in trade relations between two countries.
Barriers Between Georgia-Turkey Trade Relations
16-Nov-2016
Maya Grigolia, Research Director at PMC Research speaks about the barriers that Georgian businesses face while exporting to Turkey.
Georgia-Turkey Trade Relations
15-Nov-2016
What are the opportunities and challenges in trade relations between Georgia and Turkey, considering the Free Trade Agreement signed in 2007.
Free Trade with Turkey
15-Nov-2016
Discussing opportunities and challenges of Free Trade Agreement between Georgia and Turkey.
New Tax Reform
14-Nov-2016
What are the challenges and opportunities of the new corporate tax reform? Aleksi Aleksishvili, Member of Governing Board at PMC Research
De-dollarization
07-Nov-2016
Evaluating changes by National Bank of Georgia regarding minimum reserve requirements, aimed to the de-dollarization of the Georgian economy.
Budget Deficit
03-Nov-2016
Aleksi Aleksishvili, Member of Governing Board at PMC Research comments about budget deficit and economic growth rate.
Exchange Rate
02-Nov-2016
What are the major factors affecting exchange rate? Mikheil Kukava, Economist at PMC Research.
WB Doing Business 2017
28-Oct-2016
Aleksi Aleksishvili, Member of Governing Board at PMC Research discusses about The World Bank Doing Business 2017 report.
2016 Budget Implementation
27-Oct-2016
Mikheil Kukava, Economist at PMC Research analyzes 2016 budget implementation by first 9 months.