Research Reports
Georgia’s European future and prospects for your well-being
Wednesday,
19
April,
2023
Wednesday,
19
April,
2023
Under the Georgian Constitution, the country's strategic objective is to join the European Union. The vast majority of citizens agree with and support this objective. The European future is not only the country's historical strategic choice but also the hope for the prosperity and well-being of the country's population and the promise of a better future for future generations.
The scholarly literature and statistics suggest that countries that join the European Union economically progress as a result of convergence with the EU’s robust economic, regulatory, and institutional system and that the quality of life in these new member states substantially improves. Currently, there is a large gap between the socioeconomic well-being of the Georgian population and that of the European Union, and this indicates the opportunity that will open to the Georgian population as a result of its integration with the EU.
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Regulatory Impact Assessment (RIA) is a process of evidence-based policymaking, which helps in designing better regulations. This process creates evidence for political decision-makers on the advantages and disadvantages of proposed policies by assessing their potential impacts. The results are summarized and presented in the Regulatory Impact Assessment (RIA) report.
Water resource management reform assessment
31
January
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The Law of Georgia on Water Resource Management (the Law), passed by the Parliament in its third reading on June 30, 2023, outlines the principles of basin management according to which the country will be divided into seven river basins, and corresponding basin management plans will be created.
Capital market development reform assessment
31
January
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The assessment of the progress in capital market development reform is based on the implementation of the initiatives outlined in the 2023-2028 strategy for capital market development. The objective of this strategy is to enhance access to finance through capital market instruments and to stimulate and mobilize capital for the Georgian market. The strategic vision aims for Georgia to position itself as the leading capital market in the region by 2028.
SME development reform assessment
22
January
2024
Assessing the progress of the SME Development reform (henceforth "SME reform") relates to the activities that have been implemented and are planned in accordance with the SME Development Strategy of Georgia 2021-2025. The strategy aims to restore positive trends that were present prior to the onset of the pandemic and to support the continued growth of small and medium-sized enterprises.
