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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…

Solar Power Scale: Policy Schemes for Supporting Solar Power Generation in Georgia

20-Oct-2015
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. All this makes solar one of the best power…
In the first three quarters of 2015, compared to the indicator of 2014, the external public debt declined by 0.1%, while the corresponding indicator in GEL increased (27.7%), this is attributable to changes in the…
During the first three quarters of 2015, the tax revenues of the state budget increased by 11.2% compared to the corresponding indicator of 2014. In this period, 75.8% of the planned annual tax revenue for…
During the first three quarters of 2015, the share of trade turnover between Georgia and EU member countries in Georgia’s total trade turnover is 31.7%, which exceeds (5.6% point) the same indicator in 2014. In…
During the first half of 2015, the real Gross Domestic Product (GDP) of Georgia increased by 2.8% (208.2 mln GEL) compared to the corresponding period in 2014. In this period, the volume of Foreign Direct…
The growing number of visitors (tourists, one-day visits, and transit) to Georgia is important for the further development of the country’s tourism sector, as well as for increasing the inflow of foreign currency. In January-August…
For the period of January-July 2015, the indicator of state budget revenues compliance is 58.0% and the indicator of state budget expenditure compliance is 56.3%. These indicators exceed the corresponding indicators of 2014 by 2.4…

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