Prior to the current Insolvency Reform, Georgia’s legislative framework regulating insolvency proceedings fell short of meeting international standards – it did not meet neither creditors’ nor debtors’ needs and failed to offer incentives to the insolvent companies to choose rehabilitation as their optimal strategy for resolving financial difficulties.

This semi-annual report provides an analysis of economic trends, as well as denoting the challenges and opportunities (in local, regional, and global contexts) across selected value chains within six sectors to improve evidence-based decision-making through the provision of quality information and analytics.

The goal of the vocational education support programme is to promote the socioeconomic integration of internally displaced persons (IDPs) and ecomigrants and improve their living conditions by creating employment prospects, and it aims to do so by promoting the vocational education of IDPs and ecomigrants in order to increase their competitiveness in the labour market.

This annual report provides an analysis of economic trends, as well as denoting the challenges and opportunities (in local, regional, and global contexts) across selected value chains within six sectors to improve evidence-based decision-making through the provision of quality information and analytics.

The research report is available in the Georgian language only.

Upon adoption, the Draft Law on Water Resource Management will replace the current Water Law (which is in force since 1997) and will become the new framework document for water resource management. The Draft Law introduces a river basin management system and establishes economic instruments of water use.