Transferring V4 and Georgia Reform Experience to Facilitate Economic Development in Belarus
“I’m really fascinated by the results Georgia has achieved. Belarus has already begun to introduce similar systems and I think Georgia’s experience will help us to implement the reforms in an easier way,” said Roman Gupolovich, the Head of the Division of Customs Control Organization and Analysis at the State Customs Committee.
What are the Challenges of Compulsory Pension Saving Scheme
The research findings will be presented by Davit Utiashvili, economist. Aleksi Aleksishvili, the Chairman at Policy and Management Consulting Group (PMCG), will open the event and Basa Janikashvili, the writer, will moderate the discussion.
Solar Power Scale: Policy Schemes for Supporting Solar Power Generation in Georgia
Solar power is one of the fastest growing renewable energy technologies becoming competitive with traditional sources of electricity generation. Its main characteristics are: high initial investment costs, free fuel during the operations period and environmentally friendly nature.
PMC Research Center was Awarded for the Highest Level of Transparency
Center was awarded by Think Tank Fund of the Open Society Foundations for setting the gold standard for the field as a whole, by reflecting exemplary transparency in publicly disclosing sources of funding.
Study Finds Huge Benefits in Georgia-China Free Trade
The study was produced in collaboration with the University of International Business and Economics, the Ministry of Economy and Sustainable Development of Georgia and the Ministry of Economy of China, and finds that a free trade deal would increase bilateral trade in goods as well as foster trade in services and foreign direct investment.
Out of a total GEL 13.6 billion, GEL 9 billion of Georgian deposits is denominated in a foreign currency. Deposits denominated in USD have increased by 5.6% as of July 2015, in comparison with the prior year. The dollarization rate of loans has decreased by 2.4 percentage points for the same period. Total reduction of the dollarization ratio stood at 1 percent this year.
In June 2015, compared to June 2014, consumer prices increased by 4.5%. In this period, the highest growth of prices recorded on the following categories: Alcoholic beverages and tobacco (11.4%); Clothing and footwear (-3.3%).
Georgia-China Free Trade Agreement - Possible Consequences
Considering Georgia’s trade policy liberalization, it will not affect local producers and the growth ofimport. Taking into account all the effects, we can say that trade liberalization with China will contribute to thedevelopment of Georgia’s economy
Georgia’s export to China would increase by 9% approximately, in the short-term period including significant growth of wine exports (28.5%) and non-alcoholic drinks (36.7%). On the other hand, imports from China would increase by 1.7%.