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In the first three quarters of 2014, the construction sector has the largest share (1.2%) in the growth rate of the gross domestic product (GDP) (5.9%). In the first three quarters of 2014, the construction…
On December 10, 2014, the official exchange rate set by the National Bank of Georgia is 1.93 GEL to 1 USD. During the last three weeks GEL depreciated against the USD by 0.18 units. At…

Possible Challenges of Harmonization of Georgian Legislation with the Acquis Communautaire of the European Union in Energy Sector

13-Oct-2014
European Union’s (EU) strategic interest and relations with Georgia have been developing over past years. In this period, Georgia significantly deepened its ties with the EU. On the one hand, EU’s strategic interest and on other hand, Georgia’s considerable progress in the reforms maintained to…

Global Food Price Shocks Transmission to Local Markets and Welfare Implications for Georgian Households

09-Oct-2014
In the period of 2003 - 2013, real growth of GDP averaged 6.3% in Georgia, however the benefits of the growth has not been equally shared among different groups of population. Despite the robust growth over the past ten years, as of 2013, 9.3% of…

The Effects of Investments in Clean Energy in Georgia

10-Oct-2014
It was several decades ago when mankind observed that country’s development is no more function of economic growth and technological innovation only, but also environmental stability, healthy ecosystem and social equity, hence the term sustainable development emerged. Sustainable development concept is important in energy sector…
In the Q3 2014, the trade turnover increased (1.9%), compared to the same period in 2013, which is due to the increase of import (4.9%). In this period the volume of exports decreased (-6.2%), due…

Why Georgia must work closely with its neighbours

10-Sep-2014
Collaborating with neighbours is vital for any country to ensure sustainable development. The example of Georgia is one of many, but may be useful for other small countries in helping them to create an environment where cooperation can naturally flourish, despite a complex geopolitical environment.

Economic Analyses of the Proposed Amendments to the Labor Code of Georgia

30-Apr-2015
PMC Research Centre presents economic analyses to the Labor Code of Georgia. The analysis is based on international empirical studies, experiences of other countries, and the survey of business leaders’ attitudes to the initiated amendments to the Labor Code of Georgia. The aim of the…
In the first three quarters of 2014, the volume of public debt increases (3.9%; 336.1 mln. GEL) compared to 2013. The volume of domestic debt increases (36.6%), while the volume of external debt declined (-2.1%).…
In September 2014, the volume of budget tax revenues exceeds (17.0%; 96.6 mln. Gel) the corresponding indicator in September 2013 and reaches 665.9 mln. GEL. Revenues increase from: value-added tax (VAT) (23.0%), profit tax (22.3%),…
In the first quarter of 2014, real GDP increased (7.1%, 223mln GEL). Manufacturing (16.7%, 56.4 mln.GEL), construction (14%, 35 mln. GEL) and trade (11.1%, 57.1mln GEL) expanded the most. The reduction was only in mining…
In July 2014, the volume of tax revenues exceed (12.4 %; 98.2 mln. GEL) the corresponding indicator in July 2013 and reached 647.4 mln. GEL. Tax revenues increased in all categories: value-added tax (VAT) (17.1…
In July 2014, the volume of deposits increased (19.1%) compared to July 2013. Deposits denominated in both, national (GEL) , as well as in foreign currency (17.9%) increased (21%;17,9%) .The share of deposits denominated in…

Needs Assessment of the Parliament of Georgia

01-Mar-2013
With the support of the EU Delegation in Georgia, PMCG conducted the Needs Assessment of the Parliament of Georgia to identify and analyse a variety of institutional needs or performance gaps of the Georgian Parliament. The document addresses the issues, factors or shortcomings that affect the exercise of…
In the first quarter of 2014, real GDP increased (7.1%, 223mln GEL). Manufacturing (16.7%, 56.4 mln.GEL), construction (14%, 35 mln. GEL) and trade (11.1%, 57.1mln GEL) expanded the most. The reduction was only in mining…

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