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Employment Tracker (January, 2023)

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. 

Georgian Economic Climate (Q4, 2022)

The main findings of the survey of Georgian economists conducted in the fourth quarter of 2022 are: Georgian economists have a positive assessment of Georgia’s present economic situation; though their predictions for Georgia’s economic situation for the next six months are negative; Almost 90% of surveyed economists think that high inflation currently represents the highest threat to the Georgian economy.

Ukraine’s Maritime Trade and Port Infrastructure

To portray the effects of the halting of operations at Ukrainian ports on both domestic and international markets, it is essential to analyze the significance of Ukraine’s maritime industry and its role in the country’s external trade, the Black Sea, and beyond.

Youth Employment in Georgia

Although the broad topic of employment is one of the most discussed issues at the national level in Georgia, the more specific matter of youth employment is afforded relatively little attention. Seeking to address this shortcoming, this bulletin focuses on changes in the Georgian labor market and relevant indicators for the age group of 15-24 in the period of 2017-2021.

Monthly Tourism Update (October, 2022)

In Q2 of 2022, international visits to natural attractions amounted to 62% of the pre-pandemic (Q2 of 2019) value, while domestic visits exceeded the pre-pandemic value by 54%, which could be explained by changing behavioral trends among domestic visitors and specifically their increased demand for local tourism destinations.

Georgian Economic Climate (Q3, 2022)

According to a survey of Georgian economists, the economic climate in the country in the third quarter of 2022 has improved compared to both: the second quarter of 2022 and the third quarter of 2021. 

Wheat And Flour Sector in Georgia

Since the spread of COVID-19 at the end of 2019, the ensuing pandemic has caused an economic crisis impacting global food availability and food security. The effects of the pandemic have been aggravated by the war between Russia and Ukraine, two prominent players in global food and agriculture.

Maritime Trade and Port Infrastructure in Black Sea Countries

The Black Sea region is often referred to as a gateway between Europe and Asia, though its potential benefits are far from being fully realized. This is especially true for the naval trade. Meanwhile, the enhancement of maritime transportation and the improvement of port infrastructure becomes more and more desirable if not indispensable for economic development of the region.

 

Issue 2: Macro Overview

Macro Overview aims to review the recent trends and developments of the Georgian economy and sets the stage for what is to come in the approaching months. It highlights some of the key indicators in Georgian economy such as inflation, economic growth, and employment. It also explores external sector of the economy, overviewing trends in tourism, trade, remittances and FDI.

The Roles of Russia and Ukraine in Georgia’s Food and Energy Security

PMC RC stands firmly with Ukraine, supports its sovereignty and territorial integrity, and condemns Russia’s ongoing military aggression. While the most devastating outcome of this war is the humanitarian catastrophe in Ukraine and the destroyed lives of people, it is also essential to discuss the consequences of this war on the global economy.

We Stand with Ukraine

In these difficult times, we would like to express our support and solidarity to Ukrainian people, to our colleagues, consultants and partners currently in Ukraine. We condemn Russia’s military attack and aggression, which puts at risk countless civilian lives.

We have been supporting Ukraine to advance as a democratic country throughout the years and we are committed to continuing this work.

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Capacity Development Activity for the Parliament Research Center
10-Dec-2023
On December 6, we held a methodological seminar with representatives of the Regional Policy and Self-Government Committee of the Parliament of Georgia, the Parliament Research Center, and the Mountainous Regions Strategic Development Coordinating Council of Administration of the Government of Georgia as part of the “Capacity Development Activity for the Parliament Research Center” project, which is being implemented by the Parliament of Georgia with financial support from the Embassy of Switzerland in Georgia.
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EU-supported Tourism and Food Industry Clusters Established in Oni Municipality
25-Jan-2023
In November and December of 2022, as part of the project “Economic Development of Oni Municipality via Business Clusters Creation and Investment Attraction” implemented under the European Union (EU) initiative “Mayors for Economic Growth,” tourism and food industry clusters were registered in Oni Municipality. In particular, the tourism cluster was founded by 18 enterprises including guesthouses, restaurants, crafts people, and tourism service providers. The tourism cluster has the following goals: Improving the attractiveness of Oni Municipality to tourists; Diversifying tourism services and offers; Supporting the development of sustainable tourism; Improving the tourism infrastructure; Enhancing human resources by developing knowledge and capacities; Improving access to finance; Improving access to inputs; Developing inter-sectoral linkages; and Providing information and services to cluster members. “The creation of a tourism cluster will support the realization of Oni Municipality’s potential in the fields of balneological and health, adventure, ethnocultural, gastronomy, and cultural tourism. This will positively affect the competitiveness of SMEs, support job creation, attract investments, and improve the social and economic conditions in the municipality,” said Manana Bolkvadze, manager of the tourism cluster. Meanwhile, the food industry cluster was founded by 15 enterprises, representing a variety of trades including beekeeping, cattle-breeding and fruit-growing. The food industry cluster has the following goals: Increasing the popularity and sales of food products produced in Oni Municipality; Improving labor force capacities; Supporting the development of bio enterprises; Improving access to finance; Improving local intersectoral linkages; and Providing information and services to cluster members.   “Forming a food industry cluster is an important step in the acceleration of the sector’s development, as the cluster will support improvements with regard to SMEs’ competitiveness, job creation, and access to finance, while also stimulating the development of the innovative capacities of entrepreneurs and contributing the to economic prosperity of the Oni Municipality,” said Tengiz Akobia, manager of the food industry cluster. 
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3rd Meeting of the ICT Sector Public-private Partnership (PPP) Platform
27-Dec-2022
On December 20, we, in the course of the USAID Economic Governance Program, in partnership with the Vocational Skills Agency, held the 3rd meeting of a public-private partnership (PPP) platform on information and communications technology (ICT). The meeting was part of the “Piloting New Public and Private Sectors’ Collaboration Mechanism for VET Program Development” project.  
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Developing Statutes for Tourism and Food Industry Clusters
17-Oct-2022
On September 30 and October 1, we held workshops with representatives of the tourism and food industry sectors from Oni Municipality, as part of the project “Economic Development of Oni Municipality via Business Clusters Creation and Investment Attraction” implemented under the European Union (EU) initiative “Mayors for Economic Growth.”  
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Caught in Between: Georgia’s European Aspirations Under Russian Influence
03-Oct-2022
PMC Research Center (PMC RC) recently contributed to the Trans European Policy Studies Association’s (TEPSA) book entitled Russia and the Future of Europe, which examines how EU Member States and countries in the EU’s neighborhood  relate to Russia.
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Periodic Issues
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Monthly Tourism Update (December, 2022)
26-Jan-2023
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In 2022, the tourism sector showed a significant recovery, which could be attributed to a combination of factors, such as the rapid inflow of international visitors after the outbreak of the Russia-Ukraine war, the alleviation of COVID-19-related restrictions, the reopening of land borders, the revival of flight routes, and sustained high demand among domestic visitors. The accommodation sector recovered significantly in Q3 of 2022, with turnover showing a 20.1% increase compared to Q3 of 2019. Notably, the turnover of the accommodation sector reached a high of GEL 794.9 mln in Q3 of 2022. In the first three quarters of 2022, the average monthly salary in the accommodation sector exceeded pre-pandemic values significantly with an average YoY increase of 22.5%. This could be attributed to a labor shortage in the tourism sector, inflationary trends, and increased demand for accommodation and food services.
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Hotel Price Index (December, 2022)
26-Jan-2023
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In Georgia, the average cost of a room in a 3-star hotel was 167 GEL per night in December 2022, while the average cost of a room in a 4-star hotel in Georgia was 275 GEL per night and the average cost of a room in a guesthouse was 122 GEL per night. The average cost of a room in a 5-star hotel in Georgia in December 2022 was 456 GEL per night. In Tbilisi, the average price was 559 GEL, followed by Kakheti – 552, Samtskhe-Javakheti – 458, and Adjara – 429.
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Employment Tracker (January, 2023)
24-Jan-2023
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In December 2022, the number of persons receiving a monthly salary increased by 2.9% compared to the corresponding period of 2021 and by 6.4% compared to the corresponding period of 2020. In 2022, from July to December, the total number of vacancies published on jobs.ge amounted to 41,237, which was 26% higher compared to the corresponding period of 2021 and 159.4% higher compared to the corresponding period of 2020. In December 2022, compared to November 2022, the total number of vacancies published on jobs.ge decreased by 19%. In 2022, from July to December, a total of 11,928 vacancies were published in the field of sales/procurement, which was 41% higher than the corresponding period of 2021 and 197% higher compared to the corresponding period of 2020.
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Issue 18: Audit of War Damage and Overview of Ukraine’s Budget for 2023
09-Jan-2023
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The unprovoked Russian invasion of Ukraine has shattered the lives of millions of civilians and destroyed dozens of Ukrainian cities. The damage has been enormous, with only some of it economically measurable. While we cannot assess the true cost of thousands of lives being taken, we can approximately measure the damage done to Ukraine’s infrastructure, social, and other sectors, which is discussed in this bulletin alongside the revised 2023 budget for Ukraine.
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BAG Index (Q4, 2022)
28-Dec-2022
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The Business Association of Georgia (BAG) Index is a joint product of the Business Association of Georgia, PMC Research Center and the ifo Institute for Economic Research. The BAG Index summarizes the BAG Business Climate, BAG Employment Barometer and BAG Investment Environment, which are calculated according to the assessments of the top managers of BAG member businesses and companies in their corporate group. In Q4 of 2022, additional questions regarding the need for labor resources were integrated into the survey. BAG and PMC Research Center publish the BAG Index on a quarterly basis from Q4 2019. For the previous reports of the BAG Index, please, visit the following link: https://bag.ge/ge/bag-index
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Policy Papers
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The Diagnostic Study of the Light Manufacturing Cluster of Oni Municipality
18-Nov-2022
The Diagnostic Study of the Light Manufacturing Cluster of Oni Municipality was carried out within the framework of the project financed by the European Union’s initiative - "Mayors for Economic Growth", which is implemented by the Oni municipality Mayor's Office and PMC Research Center. The contents of this document are the sole responsibility of PMC Research Center and can under no circumstances be regarded as reflecting the position of the European Union.
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The Diagnostic Study of the Primary and Processed Food Products Cluster of Oni Municipality
18-Nov-2022
The Diagnostic Study of the Primary and Processed Food Products Cluster of Oni Municipality was carried out within the framework of the project financed by the European Union’s initiative - "Mayors for Economic Growth", which is implemented by the Oni municipality Mayor's Office and PMC Research Center. The contents of this document are the sole responsibility of PMC Research Center and can under no circumstances be regarded as reflecting the position of the European Union.
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The Diagnostic Study of the Construction Sector Cluster of Oni Municipality
18-Nov-2022
The Diagnostic Study of the Construction Sector Cluster of Oni Municipality was carried out within the framework of the project financed by the European Union’s initiative - "Mayors for Economic Growth", which is implemented by the Oni municipality Mayor's Office and PMC Research Center. The contents of this document are the sole responsibility of PMC Research Center and can under no circumstances be regarded as reflecting the position of the European Union.
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The Diagnostic Study of the Tourism Sector Cluster of Oni Municipality
18-Nov-2022
The Diagnostic Study of the Tourism Sector Cluster of Oni Municipality was carried out within the framework of the project financed by the European Union’s initiative - "Mayors for Economic Growth", which is implemented by the Oni municipality Mayor's Office and PMC Research Center. The contents of this document are the sole responsibility of PMC Research Center and can under no circumstances be regarded as reflecting the position of the European Union.
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Everyday Peace Indicators in Conflict-Affected Communities
04-Aug-2022
Applying the Everyday Peace Indicators (EPI) methodology, this research on everyday peace attempts to explore how people in conflict-affected societies perceive and describe peace in their everyday life; more specifically, the research was guided by two questions: What are the perceptions of everyday peace in conflict-affected societies in the Georgian, Abkhaz, and South Ossetian contexts?  What are key factors influencing everyday peace in conflict-affected societies?  The research report entails the Everyday Peace Indicators for each research location, as well as key factors and cross-cutting themes influencing everyday peace across the conflict-divided societies. The needs and perceptions of everyday peace amongst women and youth are outlined in separate chapters.   
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  • ABOUT US
  • Team
  • Advisory Board
  • Governing Board
  • Media about us
  • GET INVOLVED
  • Career
  • Contact Us
  • OUR ACTIVITIES
  • Research and Policy Advocacy
  • Social Accountability
  • Institutional Development and Capacity Building
  • Policy Papers
  • TRADE
  • Energy
  • Georgia and EU
  • Public Finances and Public Administration
  • Agriculture and Rural Development
  • Social Security System and Educational Policy
  • Labor Market and Migration
  • Service Sector
  • Peace and Security
  • Periodic Issues
  • ECONOMIC OUTLOOK AND INDICATORS IN GEORGIA
  • HOTEL PRICE INDEX
  • PMC RESEARCH - IFO GEORGIAN ECONOMIC CLIMATE
  • BLACK SEA BULLETIN
  • MONTHLY TOURISM UPDATE
  • ECONOMIC OUTLOOK AND INDICATORS IN UKRAINE
  • SECTOR SNAPSHOTS
  • EMPLOYMENT TRACKER
  • MACRO OVERVIEW
  • BAG Index
  • PROJECTS
  • Our Funding