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, under the Good Governance Initiative (GGI) program, recently started a new project, aiming to strengthen the public financial management (PFM) capacity of two Georgian municipalities, namely Rustavi and Zugdidi. This program will cover the implementation of program budgeting methodology in practice, enhance the budgeting process, and improve two important principles of the budgeting system – transparency and accountability - in these municipalities.
Interview with John Batty, Consultant at PMCG, as part of the project “Development of Alternative Financing for MSMEs,” within the Good Governance Fund (GGF) program, funded with UK aid from the UK Government.
On June 7, together with the Parliament of Georgia, under the USAID Georgia Economic Security Program, a public private dialogue entitled “Shared Intellectual Services Sector in Georgia: Development Perspectives and Best International Practice” was held, during which legislators, executive representatives, industry experts, and representatives of the private sector as well as international organizations discussed key challenges in the shared intellectual services sector and the ways to address them.
According to this survey of Georgian economists, the economic climate in the country in the second quarter of 2021 is better than the first quarter of the same year. Georgian economists’ assessment of the current situation has improved, compared to the previous quarter and corresponding quarter of 2020, but nevertheless remained negative. The economists’ predictions for Georgia’s economic situation for the next six months were also negative. Their expectations for this period improved though, compared to their predictions in the first quarter of 2021, and were considerably more optimistic than the forecasts they made at the same time last year.
The number of international travelers increased by 141.6% in April 2021 compared to the same period of 2020, and declined by 86.8% compared to the same period in 2019. Meanwhile, the number of international visitors increased by 140.4% (2021/2020) and declined by 85.0% (2021/2019), and the number of international tourists increased by 182.2% (2021/2020) and declined by 78.2% (2021/2019);
The number of visitors to Georgia from Israel in April 2021 recovered to 70% of its April 2019 level, with its share in total visitors amounting to 12.2%;
Georgia’s four neighboring countries accounted for 71% of total visitors in 2019. None of these countries had vaccinated more than 20% of their population as of May 23, 2021;
Some countries that stand out for their high vaccination rates among Georgia's key source markets include Israel (63% of the population), United Arab Emirates (61%), the United Kingdom (56%), Hungary (52%), the United States (49%), and Finland (41%). Most EU countries have a rate of around 30-40%;
In April 2021, the Hotel Price Index decreased by 2.3% compared to the corresponding month of 2019, mainly driven by a price decline of 27.4% in Adjara.
In Georgia, the average cost of a room in a 3-star hotel was 132 GEL per night in May 2021, while the average cost of a room in a 4-star hotel in Georgia was 246 GEL per night and the average cost of a room in a guesthouse was 82 GEL per night. The average cost of a room in a 5-star hotel in Georgia in May 2021 was 402 GEL per night. In Guria, the average price was 600 GEL, followed by Tbilisi - 509 GEL, Kakheti - 432 GEL and Adjara – 391 GEL.