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).
On December 8, PMC Research presented the findings of a study on the retail sector in Georgia, funded by the Retail Association. In particular, the study analyzed the significance of this sector in the Georgian economy, reviewed sector dynamics, and identified existing challenges and opportunities for development.
During the presentation, PMC Research delivered a comprehensive overview of the retail industry in Georgia, outlining key findings and offering research-based recommendations. Furthermore, the entire value chain of the sector was outlined and financial indicators were analyzed accordingly.
At the presentation were representatives of the public and private sectors, whose attendance was hoped to foster collaboration to develop the sector further.
Globally, the retail industry is one of the most important economic drivers. A vibrant retail trade sector leads to increased consumption, optimization of production processes, agricultural development, and improved quality of delivery logistics. Ultimately, a well-developed retail sector contributes to economic growth job creation in adjacent sectors.
At the “Standards in Tourism” annual international conference, Dr. Giorgi Khishtovani, Director of Research and Analytics at PMCG, delivered a talk on local tourism development through business cluster creation. Significantly, the event brought together tourism professionals from across the world to discuss standards and regulations in the industry. Drawing from experience with the EU-supported tourism cluster in Oni municipality, Khishtovani shared valuable insights on fostering economic growth at the local level.
On October 20, PMC Research revealed the results of the “Challenges and Forms of Labor Relations in Georgia's Public Service” study. It examined the challenges faced by state agencies regarding various forms of labor relations, and embraced the perspectives of multiple stakeholders.
On 3-8 October 2023, with EU support, a delegation representing the Oni Tourism Cluster, Oni Municipality City Hall, and PMC Research visited Gauja National Park, Latvia. During the visit, experiences were exchanged with the Enter Gauja Cluster. Importantly, the study tour was part of the EU-funded “Economic Development of Oni Municipality via Business Cluster Creation and Investment Attraction” project.
Georgia's economic growth remained robust (7.5%) in 2023, albeit at a slower pace than the previous two years.
In 2023, several factors presented positive and adverse economic developments - examined within the report in detail, along with the outlook for 2024.
Issue 6 of the Macro Overview thoroughly explores different aspects of the economy in Georgia and beyond, including:
Economic and Business Climate;
Key Macroeconomic Indicators;
Global Economic Trends.
The latest Employment Tracker publication offers insights into recent developments in Georgia’s labor market.
Following a temporary year-over-year decrease of vacancies in December 2023, in the beginning of 2024, the trend of an increasing number of vacancies resumed.
In January 2024, the share of people receiving a monthly salary of 2400 GEL or more continued to increase (+8pp).
Over the past 6 months (from August 2023 to January 2024), the fastest growing number of vacancies category was administration and management.
In Georgia, the average cost of a room in a 3-star hotel was 143 GEL per night in January 2024, while the average cost of a room in a 4-star hotel in Georgia was 248 GEL per night and the average cost of a room in a guesthouse was 125 GEL per night.
The average cost of a room in a 5-star hotel in Georgia in January 2024 was 418 GEL per night. In Kakheti, the average price was 639 GEL, followed by Tbilisi – 498 GEL, Guria – 538 GEL, and Adjara – 328 GEL.
The war in Ukraine has significantly altered trade dynamics in the Black Sea region. Firstly, it has created security challenges and increased tensions between countries. On the other hand, it has also unlocked opportunities to utilize the potential of the Black Sea as a strategic location and international transport route. With this context in mind, it is important to analyze intra-Black Sea countries’ trade, to identify the patterns and volumes of goods exchanged among these countries, and to determine the dynamics of regional economic cooperation and transportation networks. This bulleting provides analysis of the trade data of Black Sea countries and present the main trends in trade in and among Black Sea countries and provides some recommendations on how to both address existing challenges and realize opportunities.
For the first time in 2 years, the number of published vacancies on jobs.ge showed a year-over-year decline.
The share of persons receiving a monthly salary of 2400 GEL and more doubled in December 2023, compared to December 2022, reaching 39.4%.
In 2023, from July to December, the fastest growing number of vacancies category was finance and statistics.
The war in Ukraine has significantly altered trade dynamics in the Black Sea region. Firstly, it has created security challenges and increased tensions between countries. On the other hand, it has also unlocked opportunities to utilize the potential of the Black Sea as a strategic location and international transport route. With this context in mind, it is important to analyze intra-Black Sea countries’ trade, to identify the patterns and volumes of goods exchanged among these countries, and to determine the dynamics of regional economic cooperation and transportation networks. This bulleting provides analysis of the trade data of Black Sea countries and present the main trends in trade in and among Black Sea countries and provides some recommendations on how to both address existing challenges and realize opportunities
The retail industry is one of the important drivers of the Georgian economy. Therefore, it is important to analyze the current situation and future prospects of the sector to identify existing challenges and opportunities of the sector. Additionally, the research aims to share the specifics of the sector and its economic importance to the general public and, as a result, to raise awareness in this direction.
The research structure of the retail trade sector includes an overview of the Georgian retail value chain processes, analysis of key sector indicators, financial indicators, and challenges in the sector. At the last stage of the research, based on the main findings, recommendations are developed, the purpose of which is to eliminate the challenges in the sector and promote the development of the sector.
The study examines the challenges faced by state agencies regarding various forms of labor relations, and embraces the perspectives of multiple stakeholders.
The study had two primary objectives: to analyze common challenges related to labor relations among civil servants; and to assess the need to identify additional categories of personnel within state agencies that might require specific regulations. Based on the research findings, the study issued recommendations to tackle the challenges highlighted.
The research was conducted with the support of UNDP and the UK government, with the aim of promoting cooperation between civil society organizations (CSOs) and state institutions regarding ongoing public administration reform topics.
This paper provides a comprehensive understanding of household income distribution in Georgia. It presents an analysis of income inequality beyond the traditional Gini coefficient by examining additional dimensions of income distribution. More precisely, the paper compares the income of different segments of society, household income in rural and urban areas, and between regions.
This paper set out to provide transportation planners and policymakers with a systematic process through which to estimate costs representative of the area and service in question and to ease their analysis and decision-making procedures. Although the methodology presented herein is not meant to replace the in-depth and detailed feasibility studies or professional railroad planning activities, it can be used as an intermediate tool to allow planners to more easily perform railroad analysis and planning activities, prior to contracting out feasibility studies. Finally, should this research be further developed, it ought to address other categories of railway services, such as intercity and high-speed trains.