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NEWS

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New Simplified Financial Reporting Standard for MSMEs

05-Jul-2018

New Simplified Financial Reporting Standard for MSMEs

On June 26, the newly simplified Financial Reporting Standard for Category IV-Entities was adopted with the goal to improve the quality and transparency of corporate financial statements, according to the decree of the Head of Service for Accounting, Reporting and Audit...

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Discussing How to Fight Corruption in Armenia

04-Jul-2018

Discussing How to Fight Corruption in Armenia

On June 29, Mr. David Lezhava, Public Policy Sector Director at PMCG, participated in a conference entitled “The anti-corruption policies and measures”, which was co-hosted by the Embassy of the Republic of Bulgaria and the EU Delegation to Armenia. Mr. Lezhava’s presen...

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Study to Identify Challenges for SMEs Seeking Access to Finance

02-Jul-2018

Study to Identify Challenges for SMEs Seeking Access to Finance

PMC Research recently launched a new project entitled “Leveraging SME Finance through Value Chains in Georgia”, designed to study the challenges facing SMEs with a particular focus on access to finance in Georgia.On June 21, Goga Khishtovani, Director at PMC Research, p...

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Discussing Opportunities and Challenges of the EU-Georgia DCFTA at Georgian Farmers Congress

21-Jun-2018

Discussing Opportunities and Challenges of the EU-Georgia DCFTA at Georgian Farmers Congress

On June 15, PMC Research participated in the Georgian Farmers Congress, an event designed to support dialogue between farmers and state bodies, a crucial aspect in the development of Georgia’s agricultural sector. Giorgi Khishtovani, Director at PMC Research, prese...

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Welcoming Our New Public Policy Sector Director

20-Jun-2018

Welcoming Our New Public Policy Sector Director

We are delighted to welcome David Lezhava to our team, as our new Public Policy Sector Director. Mr. Lezhava brings with him 20 years of sound experience in the fields of public finance and economic development, regional development, social policy and energy policy...

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Value Chain Analysis of Broccoli, Tangerine, and Raspberry in Georgia and Their Potential on the EU Value Chain Analysis of Broccoli, Tangerines and Raspberries in Georgia and their EU Market Potential

19-Jun-2018

Value Chain Analysis of Broccoli, Tangerine, and Raspberry in Georgia and Their Potential on the EU Value Chain Analysis of Broccoli, Tangerines and Raspberries in Georgia and their EU Market Potential

At the beginning of June, PMC Research hosted three public discussions and presentations in Marneuli, Mtskheta and Misaktsieli about the value chain analyses of three agricultural products, namely broccoli, tangerines and raspberries. The studies into these product...

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Discussing Georgia’s Sectoral Integration with the EU at 15th Batumi International Conference

16-Jun-2018

Discussing Georgia’s Sectoral Integration with the EU at 15th Batumi International Conference

On June 15, PMCG’s CEO and Chairman Aleksi Aleksishvili participated in the 15th Batumi International Conference “Georgia’s European Way.”Giorgi Margvelashvili, President of Georgia, Mikheil Janelidze, Vice Prime Minister and Minister of Foreign Affairs of Georgia, Irak...

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Hosting Networking Lunch with UK Trade Mission to Georgia

06-Jun-2018

Hosting Networking Lunch with UK Trade Mission to Georgia

On June 4, we hosted a networking lunch with the UK’s trade mission to Georgia.The meeting served as an excellent opportunity for public and private institutions from Georgia and the UK to meet, establish connections and discuss possible collaboration. The trade mission...

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Discussing Role of Digitalization and Economic Reforms in Good Governance at OSCE Regional Ministerial Conference

04-Jun-2018

Discussing Role of Digitalization and Economic Reforms in Good Governance at OSCE Regional Ministerial Conference

On May 30, PMCG’s Chairman and CEO, Aleksi Aleksishvili, delivered a presentation to the OSCE Regional Ministerial Conference – “Good Governance and Economic Connectivity – best practices within the OSCE Region” - in Ashgabat, Turkmenistan.Aleksishvili discussed ways to...

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Introducing Environmentally Friendly Communal Infrastructure in Mtskheta-Mtianeti Region

22-May-2018

Introducing Environmentally Friendly Communal Infrastructure in Mtskheta-Mtianeti Region

We are working with the United Water Supply Company of Georgia (UWSCG) to introduce environmentally friendly communal infrastructure in the Mtskheta-Mtianeti region of Georgia. PMCG, as part of a consortium led by P2M Berlin, is collaborating with the UWSCG to improve c...

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PUBLICATIONS

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Issue 104: External Factors Affecting the Value of Georgian…

10-Jul-2018

Issue 104: External Factors Affecting the Value of Georgian Lari Exchange Rate

For the period of 2014 to 2017, in every first quarter of each year compared to the first quarter of the previous year, the nominal exchange rate of the Georgian Lari (GEL) against the US Dollar (USD) depreciated. This trend stopped this year though as in the first quarter of 201...

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Issue 103: Gross Domestic Product, 2017

28-May-2018

Issue 103: Gross Domestic Product, 2017

According to preliminary data, the Georgian economy is characterized by a 5.0% growth in 2017, which is the highest annual real growth rate for the country since 2012. A trend analysis of GDP is useful in comprehending the indicator relative to previous years. Furthermore, a sect...

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Issue 102: Higher and Vocational Education, 2013-2017

03-May-2018

Issue 102: Higher and Vocational Education, 2013-2017

High-quality education is one of the main determinants of economic growth. According to the “Government Program 2016-2020”, education is one of the main priorities for the Government of Georgia. Since 2013, the allocated budget of the Ministry of Education and Sciences of Georgia...

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Georgia Ranked 5th in Open Budget Index Rankings

02-Feb-2018

open budget ranking


Georgia rose to 5th place in the Open Budget Index Rankings 2017 recently released by the International Budget Partnership. This achievement is a credit to the Government of Georgia, to which we offer our warmest congratulations. PMCG, together with its project partners, has certainly made a notable contribution in this regard, by participating in various projects in the fields of public financial management (PFM) and good governance development, in the projects such as the USAID Good Governance Initiative, the Department for International Development’s (DFID) Good Governance Fund, and public financial management programs funded by the European Union.

The Open Budget Index is an independent, comparative measure of central government budget transparency. The Index assigns countries covered by the Open Budget Survey a transparency score on a 100-point scale using a subset of questions that assess the quantity, quality and punctuality of budget information that governments make publicly available in eight key budget documents in accordance with international good practice standards. 

With 82 points from 100, Georgia occupies 5th place behind Norway (85), Sweden (87) and joint leaders New Zealand and South Africa (both 89). This score and ranking reflects the great progress made by Georgia providing sufficient budget information to enable the public to engage in budget discussion in an informed manner. Indeed, in only two years Georgia has climbed 11 places in the rankings, and improved its score by 16 points (in the 2015 rankings, Georgia sat 16th on 66 points.

Please follow the link for more detailed information:
https://www.internationalbudget.org/open-budget-survey/open-budget-index-rankings/

 

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