ISET Economist Blog

24 April 2024

The new draft law on amendments to the tax code of Georgia

As the subject law emerged unexpectedly in the legislative sphere and was processed and approved at

10 July 2023

Elene Tskhomelidze

Attracting high spending international tourists to Georgia

In 2022, Georgia’s tourism sector still heavily relied on visitors from neighboring countries. The combined share of Russia, Turkey, Armenia, and Azerbaijan accounted for 62% of the total international visitors' trips. It is important to note that these countries had relatively low levels of expenditure per visit.

24 May 2023

George Papava

Troubled businesses: navigating the insolvency maze

There will always be “winners” and “losers” in a market economy, which entails constant competition between companies for access to limited resources. The loser in this case is a company that is unable to pay its financial obligations on time and thus becomes insolvent.

24 January 2023

Mariam Titvinidze, Nutsa Shubashvili, Mery Julakidze, Levan Tevdoradze

What are the outcomes of the new insolvency law?

Georgia’s new insolvency law – the Law of Georgia on rehabilitation and the collective satisfaction of creditors’ claims – became effective on 1 April 2021. Under which, if a business operating in Georgia has reached a low ebb and is no longer able to meet its financial obligations, it has the opportunity to regulate relations with creditors based on new legislative instruments – effectively, it is able to rehabilitate and return to the market in a viable manner, or, if necessary, it might declare bankruptcy and exit the market.

27 September 2021

Mery Julakidze, Gocha Kardava

Five Ways Covid-19 Affected the Georgian Labor Market in 2020

The World Health Organization’s declaration of Covid-19 as a pandemic on March 11, 2020, can be considered a watershed in the recent history of mankind. The pandemic and its concomitant changes, such as switching to remote activities, affected different aspects of one’s life, including individuals’ participation in and behavior on the labor market. Georgia was no exception in this respect. The unprecedented nature of the crisis brought about unprecedented consequences for the country’s already vulnerable labor market.

17 July 2020

Gocha Kardava, Rati Porchkhidze

The Georgian COVID-19 Response: Was the Lockdown Worthwhile?

Since its start, the pandemic has spread to more than 180 countries, with governments around the world each reacting differently to the new global threat. The Oxford COVID-19 Government Response Tracker gauges the strictness of countries’ responses using a stringency index, which compares governmental policies over several dimensions.

ISET Economist Blog

A blog about economics in the South Caucasus financed within the institutional grant by the Government of Sweden.