PMC Research

Foreign Assistance to Ukraine (2022-2024)

Georgian Economic Climate (Q1, 2025)

In this bulletin, which is based on the ifo Institute’s methodology, we discuss Georgia’s economic climate according to assessments made by various Georgian economists.

Issue 150: Vocational Education in Georgia

The latest issue of Economic Outlook and Indicators in Georgia, analyzes Vocational Education in Georgia (2019 – 2023).

Employment Tracker (February, 2025)

The latest issue of Employment Tracker, produced in collaboration with Jobs.ge. The tracker produces valuable insights into the Georgian labor market as it lays out the trajectory of employment and salaries, most demanded job categories, and expectations of specific economic sectors regarding their employment plans.

Quarterly Tourism Update (Tourism Indicators in 2024)

Our latest Quarterly Tourism Update offers insight into Georgia’s tourism indicators in 2024.

Hospitality Sector in Georgia

Check out the latest issue of Sector Snapshots, focusing on Hospitality Sector in Georgia.

Household Income and Poverty in Georgia (2019 – 2023)

Our latest publication analyzes Household Income and Poverty in Georgia (2019 – 2023).

Georgia and the United States of America

The first issue of the Profile of Bilateral Relations offers an in-depth exploration of key topics of the relationship between the United States and Georgia.

Issue 7: Macro Overview

Issue seven of the Macro Overview thoroughly explores different aspects of the economy in Georgia and beyond.

Innovation ecosystems in Black Sea Countries

This analysis provides insights into the performance of these states not only in terms of innovation but also with respect to the elements shaping the innovation landscape, such as market sophistication, institutions, and infrastructure.

Ukraine in International Rankings

This publication compares the position of Ukraine in relation to two fellow EU candidate countries, namely Georgia and Moldova, to understand where it stands on European integration

News

Re-assessing Effectiveness of Sanctions on Russia: PMC Research Shares Insights at First Georgian Economic Association Conference

22-Jul-2024

On July 2-3, PMC Research partook in the 1st International Conference of the Georgian Economic Association (GEA) in Tbilisi, Georgia. Bringing together leading economists, policymakers, and researchers, the event provided an ideal platform to discuss the latest developments in economics, as well as to present recently completed research.

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PMC Research's Director Discusses Major Migration Challenges from EU Candidate Member State Perspective

11-Jul-2024

On June 13-14, PMC Research’s Dr. Giorgi Khishtovani partook in the “Changes and Challenges in the European Union” conference in Budapest, co-organized by the Trans European Policy Studies Association (TEPSA) and the HUN-REN Centre for Economics and Regional Studies – Institute of World Economics.

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PMC Research Paper Analyzes Gender Disparities in Georgia’s Pension Scheme

05-Jul-2024

On April 3, PMC Research held a working meeting to present its "Examining Gender Disparities Within Georgia's Funded Pension Scheme: Gender Pension Gap" research paper, and gathered feedback from key stakeholders.

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PMC Research Hosts “InvigoratEU: Invigorating Enlargement and Neighbourhood Policy for a Resilient Europe” Project Conference

18-Mar-2024

On 20-21 February, we hosted the “InvigoratEU: Invigorating Enlargement and Neighbourhood Policy for a Resilient Europe” project’s kick-off conference in Tbilisi, Georgia, bringing together 18 leading European research organizations, all of which are members of a consortium led by the University of Duisburg-Essen.“InvigoratEU,” a project coordinated by the EU-Chair at the University of Duisburg-Essen and the Institute of European Politics, sets out to explore how the EU ought to navigate its future relations with countries of the Eastern Partnership (EaP) and the Western Balkans.

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PMC Research Contributes to TEPSA’s “Enlargement and the Future of Europe” Book

13-Feb-2024

PMC Research recently made a significant contribution to the Trans European Policy Studies Association’s (TEPSA) book, entitled Enlargement and the Future of Europe. Notably, researchers Elene Panchulidze and Irakli Sirbiladze (both of PMC Research), along with TEPSA’s Mariam Khotenashvili, co-wrote the compelling “Seizing the EU Enlargement Momentum: Georgia’s Prospects for Joining the European Family” chapter. Specifically, the chapter focuses on Georgia’s relations with the European Union (EU).

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Periodic Issues

Employment Tracker (February, 2025)

26-Mar-2025

Our latest monthly publication, Employment Tracker, offers insights into recent developments in Georgia’s labor market. In February 2025, the annual growth in the number of salaried employees recorded its lowest rate since 2023. In February 2025, the total number of vacancies posted on jobs.ge decreased by 20% YoY. Between December 2024 and February 2025, the Sales and Procurement category saw the highest number of job postings.

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Quarterly Tourism Update (Tourism Indicators in 2024)

18-Mar-2025

In 2024, a total of 6.5 million international visits to Georgia were recorded, a 4.6% increase YoY, driven by a 9.0% rise in overnight trips, while same-day trips declined by 9.2%. In 2024, visits from the EU and the UK totaled 438,414, a 3.8% increase YoY. However, the number of visits from the EU and the UK declined every quarter from Q1 of 2024 onwards. In 2024, there were 2.2 million outbound visits made by Georgian residents, a marginal 0.1% increase YoY. Notably, outbound visits declined YoY in both Q3 and Q4 of 2024.

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Foreign Assistance to Ukraine (2022-2024)

10-Mar-2025

From the beginning of the war in February 2022 up until 31 December 2024, the international community has committed a total of €399.8 billion to Ukraine, with the majority (52%) designated for financial assistance, 42% for military assistance, and 6% for humanitarian assistance. Of the committed assistance, 67% (€267.2 billion) has already been allocated. The US leads the way in terms of total commitments, with 96% of its pledged assistance already allocated.

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Georgian Economic Climate (Q1, 2025)

06-Mar-2025

In Q1 2025, surveyed Georgian economists negatively assess Georgia’s present economic situation, and their expectations for the next six months are also negative. They believe that the political crisis had the most significant impact on the Georgian economy in Q1 2025. The reduction in foreign assistance, including that from the United States Agency for International Development (USAID), was assessed negatively by 97% of the surveyed economists in terms of its effects on Georgia’s economic and political climate.

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Employment Tracker (January, 2025)

25-Feb-2025

Our latest monthly publication, Employment Tracker, offers insights into recent developments in Georgia’s labor market. In January 2025, the number of persons receiving a monthly salary increased by 4% YoY. In January 2025, the total number of vacancies published on jobs.ge decreased by 9% YoY. In Q4 of 2024, labor market efficiency slightly increased as the seasonally adjusted unemployment rate declined slightly, while the job openings rate dropped significantly.

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Policy Papers

Reshaping Maritime Trade in the Black Sea: The Effects of the Russo-Ukrainian War

24-Mar-2025

Shortly after Russia’s full-scale invasion of Ukraine in February 2022, maritime trade flows in the Black Sea were significantly reshaped. As the war continued, developments affecting the trade in the Black Sea changed, underscoring the importance of thoroughly analyzing how the region has adapted to such disruptions. This publication builds upon the previous edition, which was released shortly after the outbreak of the war. Now, three years later, our focus shifts to examining how trade dynamics, particularly maritime trade in the Black Sea region, have evolved during this period. Key insights include: Upon the outbreak of the Russo-Ukrainian War, port calls in Ukraine and Russia dropped sharply, while other Black Sea countries briefly benefited from redirected trade flows. By late 2023, port calls in Ukraine had gradually recovered, supported by new shipping routes through Romania and Bulgaria. However, serious threats to commercial shipping remained. Ukraine’s maritime exports and imports fell sharply in 2022, with a slow recovery in imports in 2023. In Russia, maritime imports declined, while exports initially increased in 2022, possibly due to sanctions being ineffective. However, as the sanctions intensified, exports also fell significantly the following year.

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Facilitating Trade with Central Asia: Georgia’s Role as a Transit Corridor

14-Jan-2025

The Trans-Caspian route, widely known as the Middle Corridor, has become a vital trade link connecting Georgia and Central Asia, driven by significant geopolitical developments in recent years. The Russia-Ukraine war, which began in 2022, has been a key factor in this shift. As the Middle Corridor gains prominence, economic and political relations between Georgia and Central Asian nations, particularly Kazakhstan, have strengthened. This paper seeks to facilitate bilateral trade between Georgia and Kazakhstan by identifying new, potentially profitable products for exchange and exploring Georgia’s role as a transit corridor for Central Asia.

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Innovation Ecosystems In Black Sea Countries

18-Jul-2024

In an attempt to keep pace with advancements in technology and globalization more broadly, Black Sea countries have been intensifying their efforts to foster and cultivate their own innovation ecosystems.

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Taking Stock Of Greening In The Georgian Financial System

18-Jul-2024

Green finance holds great importance today when it comes to combating climate change and achieving sustainability goals by directing investments towards environmentally friendly projects. This approach promotes energy efficiency, clean transportation, and sustainable agriculture, while also mitigating greenhouse gas emissions and fostering economic growth. Ultimately, by integrating environmental considerations into financial decisions, green finance ensures a more sustainable and resilient global economy.

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Gender Pension Gap in Georgia: Gender Disparities within Georgia’s Funded Pension Scheme

26-Jun-2024

The research study analyses the gender aspects of Georgia's accumulated pension system and assesses the potential gender disparity in pensions between women and men.

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