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  In 2014, the volume of the registered trade turnover is 11 457 mln. USD. The share of import in total registered turnover is 75% and the share of export is 25%. In 2014, the…

Public Funds and Property Management Manual

10-Nov-2014
The manual describes budgeting process and its connection with the government budgeting process. Also, classification and formation principles of local budget revenues and expenditures, compilation of budget and program budget forms. Practice and purpose of implementation of changes. Also, forms and principles of quarterly and…
In 2014, both the volume of the internal generation (2.9%; 292.9 mln.kvt.hr) as well as consumption of power (5.1%; 507 mln.kvt.hr) increased compared to 2013. In mentioned period, the power consumption exceeds the power generation,…
In 2014, the volume of the deposits increased (20.8%) compared to 2013. In this period the volume of the loans to the national economy also increased (23.4%).   In 2014, the share of the deposits…
Since July 2014, the world price of the crude oil per barrel has started to decline significantly. In January 2015, the price on per barrel (116 liter) of crude oil decreases by 57.45 USD compared…
In 2014, the number of visitors is 101.2 thousands more compared with the corresponding indicator in 2013. The most of the visitors (86.2%) entered Georgia from neighbouring countries (Turkey, Armenia, Azerbaijan and Russia) via land…
In the first three quarters of 2014, real GDP increased (5.9%; 645 mln.GEL) compared to the corresposding period in 2013. The largest contributions to the real GDP growth have the following sectors: construction (1.2 percentage…
In 2014, state budget revenues are expected to be fully executed, while budget expenditures will reach 98% of the planned level. Moreover, tax revenues will exceed the planned indicator nearly by 70-80 mln. GEL. In…
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.

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