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In the first quarter of 2016: The volume of registered trade turnover in goods was US$2 146 mln. The share of registered import of goods in total turnover was 79.4% and the share of registered…
In 2015, according to the preliminary data, the real GDP growth rate of Georgia amounted to 2.8%.In this period, the largest sectors according to production outputs were trade (16.6%) and industry (16.5%), but compared to…
In 2015, according to the preliminary data, the volume of Foreign Direct Investment (FDI) amounted to US$1 351 mln in Georgia, which is US $407.4 mln less than the adjusted indicator of 2014. This indicator…
In December 2015, compared to the same month of the previous year 2014, the volume of total deposits increased by 24.8% (3 080 mln GEL), while the volume of total loans to the national economy…
On February 2, 2016, based on the official exchange rate, the value of 1 USD is 2.47 GEL. During  January 2016, GEL depreciated towards USD by 0.08 point (3.1%) compared to the previous month and…

Compulsory Saving Pension Scheme – Challenges and International Practices

10-Dec-2015
Society was always facing material security issue. Conventional approach, market mechanisms were unable to solve all the problems, so the state took responsibility for it. As a result, new challenges raised, that were exacerbated by the latest demographic trends and put under risk future sustainability…
According to the preliminary data, in the first three quarters of 2015, the volume of Foreign Direct Investment (FDI), an important source of economic growth, amounted to US$1019.0 mln in Georgia. In this period, the…

Agricultural Land Ownership: The Optimal Way

29-Oct-2015
The research analyzes the general difficulties linked with agricultural lands, mostly surrounded with three major issues: large number of unregistered lands; the state as large owner of lands; and the limited right of foreigners to purchase land. The research discusses about the ways of overcoming…
The current publication of newsletter gives an overview of four important New Year products, such as walnut, honey, pork and cheese. According to the diffused opinion, the prices of almost every product increases during the…
According to the preliminary data of 2015, state budget revenues as well as state budget expenditures will be complied. Specifically, state budget revenues are expected to be executed by 101.4%, while budget expenditures will reach…
In the first three quarters of 2015, the share of construction sector in GDP is 6.9%. In this period, compared to the same period in 2014, the volume of construction output, as well as its…
In October 2015, considering the effect of foreign exchange rate, the volume of deposits increased by 5.9%, while the volume of loans to the national economy increased by 10.9% compared to the corresponding periods in…

The Service Quality in the Natural Gas Sector: EU Experience and Implications for Georgia

22-Oct-2015
Having reviewed the best European experience in regulating service quality, it is considered that OFGEM, British energy regulator has one of the best well-developed regulatory framework that sets necessary incentives for high standard commercial service quality. This paper reviews the experience of Great Britain in…

Role of Tariff Policy in Improving Energy Efficiency in the Residential Sector

03-Nov-2015
Tariff policy plays an important role in providing “right” price signals for consumers, which is a necessary condition to improve the demand side energy efficiency (EE) in terms of the environmental, social and economic benefits. Improving EE is the most effective way to address challenges…

Assessment of Fiscal Sustainability of the Universal Healthcare Program in Georgia, 2015-2030

27-Oct-2015
During the past decade, Georgia reformed its health sector and achieved a decline in child and infant mortality, a reduction in expenditure of inpatient services, an improvement in accessibility, equity and affordability of healthcare services. However, healthcare still remained unaffordable for almost half of the…

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