PMC Research

Georgian Economic Climate (Q4, 2024)

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.

Employment Tracker (November, 2024)

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 (Q3, 2024)

Our latest Quarterly Tourism Update offers insight into Georgia’s tourism indicators in Q3 of 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.

Issue 148: Youth Employment in Georgia

The publication explores the trends and challenges in youth employment in Georgia from 2020 to 2023, highlighting the declining participation of young people in the labor market and the factors contributing to this trend.

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

Re-assessment of the Effectiveness of Sanctions Against Russia

This bulletin, which is a follow up to an earlier issue published in 2022, provides a re-assessment of the effectiveness of the most important sanctions to have been imposed on Russia since its invasion of Ukraine on 24 February 2022.

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

Georgian Economic Climate (Q4, 2024)

16-Jan-2025

Our latest Georgian Economic Climate publication offers assessments of various economic developments by Georgian economists. Assessment of Georgia’s current economic situation was negative, while predictions for Georgia’s economic situation by the end of the next six months were extremely negative. Overall, their outlook was significantly more pessimistic compared to the previous reporting period. Political turmoil and exchange rate fluctuations had the greatest impact on the Georgian economy in Q4 2024. The suspension of EU membership talks was assessed negatively by all surveyed economists in terms of its effects on Georgia’s economy.

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Georgia and Kazakhstan

14-Jan-2025

Georgia and Kazakhstan share strong ties rooted in the historic Silk Road. Today, the countries are connected by the Trans-Caspian route and the Middle Corridor, interest in which has grown in recent years. Since 2022, Georgia has strengthened its relations with Kazakhstan, with new logistics agreements and crucial advances in transport and infrastructure, making Kazakhstan a key trade partner. The second issue of the Profile of Bilateral Relations offers an in-depth exploration of key topics of the trade relationship between Kazakhstan and Georgia: Historical Background Bilateral Trade Between Georgia and Kazakhstan Identifying Profitable Products for Trade Transportation Trends Common Trade Routes Between Georgia and Central Asia The Middle Corridor Future Outlook The full policy paper, “Facilitating Trade with Central Asia: Georgia’s Role as a Transit Corridor“, is available in Georgian.

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Hotel Price Index (December, 2024)

30-Dec-2024

In Georgia, the average cost of a room in a 3-star hotel was 154 GEL per night in December 2024, while the average cost of a room in a 4-star hotel in Georgia was 238 GEL per night and the average cost of a room in a guesthouse was 110 GEL per night. The average cost of a room in a 5-star hotel in Georgia in December 2024 was 444 GEL per night. In Mtskheta–Mtianeti, the average price was 928 GEL, followed by Tbilisi – 580 GEL, Kakheti – 568 GEL, and Samtskhe-Javakheti – 371 GEL.

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Employment Tracker (November, 2024)

24-Dec-2024

Our latest monthly publication, Employment Tracker, offers insights into recent developments in Georgia’s labor market. November marked the largest YoY decrease in 2024 in the total number of vacancies published on jobs.ge (-9%). In November 2024, the total number of people receiving a monthly salary reached 1 million for the first time. In Q3 of 2024, the labor market efficiency decreased as both the seasonally adjusted unemployment rate and the job openings rate increased. Please refer to the full publication for more insights.

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Quarterly Tourism Update (Q3, 2024)

18-Dec-2024

In Q3 of 2024, Georgia recorded 2.4 million international visits, marking a slight 2% rise YoY, primarily attributed to a 15% decrease in same-day trips, while overnight trips increased by 8%. In Q3 of 2024, outbound visits declined by 7% YoY, possibly due to rising travel costs, particularly in Türkiye, the top destination for Georgian outbound visitors, where inflation led to a 68% YoY increase in hospitality costs. Over two years, 125,000 people attended performances as part of the “Starring Georgia” series, while income generated from ticket sales amounted to GEL 21.4 million, with tourists contributing 16%.

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Policy Papers

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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Critical Infrastructure Security and Resilience in Georgia: State of Play and Future Prospects

16-Apr-2024

In an era where critical infrastructure security and resilience (CISR) has become paramount to national security, economic stability, and public safety, nations are increasingly recognizing the importance of bolstering their protective measures and governance models. Georgia stands on the cusp of a significant reform, aimed at enhancing its critical infrastructure security and resilience. This policy paper presents an initial analysis of Georgia’s current critical infrastructure protection (CIP) landscape as well as insights from the governance models of two EU Member States, and sets out a potential path forward that could serve to safeguard Georgia’s infrastructural assets and align its policies with global best practices.

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