18
February
2013
According to standard economic theory, labor is a good like any other, traded on the labor market. Like with all other markets, the price for labor, which is the wage, ensures that supply meets demand.
15
February
2013
It is a commonly accepted view that corruption is bad for economic growth. It leads to an inefficient allocation of resources by contradicting the rules of fair competition and by setting wrong incentives.
13
February
2013
The Consumer Confidence Index (CCI) attempts to capture the expectations of consumers about the future development of the economy.
08
February
2013
For the first time since 2007 Georgia is a net electricity importer. Last year the total electricity generated declined by 4% and a 1.3% increase in total internal demand was observed.
01
February
2013
According to the Law of Georgia on Medical Activity, postgraduate medical education can take place only in accredited institutions and/or medical schools from March 2009 onwards.
