- International Republican Institute - IRI
- Macroeconomic policy
- Media & democracy
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.
The reform aims to facilitate E-commerce in Georgia by developing a legal and regulatory framework and the necessary technical infrastructure. It consists of many different aspects, incorporating the activities of implementing government agencies, other public sector stakeholders, and the private sector.
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.
The Law of Georgia on Energy and Water Supply, adopted in December 2019, envisages certain general provisions concerning vulnerable customers. The Law states that the Georgian government and local government bodies, in consultation with other interested parties, shall develop special programs/measures/benefits to ensure the supply of electricity and natural gas for vulnerable customers.
Georgia has a number of laws and regulations governing water resources, dating back to the late nineties and partially amended after 2003. Changes, however, have not always followed a clear and coherent strategy. As a result, in the words of the United Nations Economic Commission for Europe (UNECE), the current legislation is an “unworkable and fragmented system”.
Currently, the Georgian agricultural sector is characterized by relatively low productivity (by international standards) and its contribution to the GDP of the country is much lower than what it could be, considering that 45%1 of the Georgian labor force is currently employed in agriculture.