Economic reforms announced in the run-up to the parliamentary elections in October 2016 raised concerns about whether Georgia was departing from its path of prudent fiscal policy. A reform of the corporate profit tax and increased infrastructure investment were driving expectations of a 6% of GDP budget deficit in 2017, endangering Georgia’s macroeconomic stability and its reputation with investors.

In December 2015 the State Commission on Migration Issues (SCMI) adopted a Medium Migration Profile (MMP). The MMP was elaborated with the active participation of all its member state agencies and the support of a project funded.

The Forum took place on 29 November 2016 in the framework of the EU-funded European Neighbourhood Programme for Agriculture and Rural Development (ENPARD) in order to discuss some the key challenges Georgia’s agricultural cooperatives face with regard to access to finance. Please see the conference programme and presentations (listed below).

Both Georgia and Armenia have been subject to negative external economic shocks, particularly through remittances and exports, in 2014 and 2015, yet the macroeconomic adjustment of the countries appears to have been different. While the GDP growth of both countries remained relatively stable at around 3% in both years, the exchange rate of the Georgian Lari (GEL) depreciated by a 29% in 2014-2015 compared to 15% for the Armenian Dram (AMD).

Supported by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Chamber of Commerce and Industry for Munich and Upper Bavaria, and working in partnership with the Georgian Chamber of Commerce and Industry (GCCI), this project aims at strengthening entrepreneurship education in Georgian Vocational Education and Training (VET) institutions.

MOLI stands for “Market Opportunities for Livelihood Improvement” in Kakheti. The project started in autumn 2012 and initially focused on milk and meat producers in the eastern part of the Kakheti region. It now operates in all eight municipalities of the region. In the second phase of the project, MOLI aims to reduce poverty in the Kakheti region while facilitating improved access to milk, beef and pork markets, and easing farmers’ access to inputs and services.