Delivering Progress – PMCG is an international development company specializing in policy advising, capacity building,
infrastructure development, maximizing investments, and corporate management. We have the knowledge, experience and personnel to
deliver success internationally.
We recently launched a summative evaluation of the 5-year Canada-Ukraine Trade and Investment Support (CUTIS) Project, aiming to share results achieved by the project with key stakeholders, and enhance future possible programming in the economic growth sector by recommending how to strengthen the involvement of Ukrainian small and medium-sized enterprises (SMEs) in trade and investment.
On September 7-8, PMCG’s representative Mr. Bondo Bolkvadze facilitated a seminar entitled “modernization of customs and transport procedures as a tool to improve transport management and strengthen transport security, especially during emergency situations," hosted by the OSCE Center in Ashgabat, Turkmenistan.
We recently published two policy briefs about the shared intellectual services and light manufacturing sectors. Both documents were developed as part of the five-year USAID Georgia Economic Security Program, which is focused on improving the competitiveness of four priority sectors: light manufacturing, tourism, creative industries, and shared intellectual services.
The number of international travelers increased by 538.3% in August 2021, compared to the same period of 2020, and declined by 77.3% compared to the same period in 2019. Meanwhile, the number of international visitors increased by 510.5% (2021/2020) and declined by 75.5% (2021/2019), and the number of international tourists increased by 615.2% (2021/2020) and declined by 67.2% (2021/2019);
Tourists coming to Georgia have customarily originated from a small concentrated selection of countries. Specifically, in 2019, 71.4% of all international visitors to Georgia came from its four neighboring countries. However, in August 2021, the corresponding proportion amounted to just 40.8%, mostly due to an increase in the number of visits from Ukraine, Saudi Arabia, Belarus, and Kazakhstan;
Targeting tourism markets with potential for expansion could be a fruitful approach in Georgia’s economic recovery as the pandemic eventually subsides. In particular, China, with an average growth rate in its number of visitors to Georgia of 54% over 2015-2019, and Kazakhstan, with a corresponding indicator at 36%, stand out as promising markets.
In Georgia, the average cost of a room in a 3-star hotel was 151 GEL per night in August 2021, while the average cost of a room in a 4-star hotel in Georgia was 268 GEL per night and the average cost of a room in a guesthouse was 95 GEL per night. The average cost of a room in a 5-star hotel in Georgia in August 2021 was 514 GEL per night. In Guria, the average price was 807 GEL, followed by Tbilisi - 604 GEL, Adjara - 570 GEL and Kakheti – 546 GEL.
According to this survey of Georgian economists, the economic climate in the country in the third quarter of 2021 has improved compared to the second quarter of the same year. Georgian economists’ assessments of the current situation have generally improved, compared to the previous quarter and the corresponding quarter of 2020, but nevertheless remain negative. The economists’ predictions for Georgia’s economic situation for the next six months were also negative. Indeed, their expectations for this period deteriorated slightly, compared to their predictions in the second quarter of 2021 and the forecasts they made in the third quarter of last year.