ISET is proud to welcome Mr. Luc Leruth, a professional of considerable academic experience who has worked for many years in financial institutions, to the ISET Policy Institute as one of its Lead Economists. A native of Belgium, Mr. Leruth previously worked as the Director of a number of the IMF's Technical Assistance Centres in Africa and the Pacific region.
In July 2020, Georgian power plants generated 1,010 mln. kWh of electricity. This represents a 4.3% decrease in total generation, compared to the previous year (July 2019, the total generation was 1,055 mln. kWh). The decrease in generation on a yearly basis comes from the decrease of 8.4% in hydro power generation and more than 20% decrease in wind power generation, partially compensated by an increase in thermal power generation.
The APRC is conducting a Regulatory Impact Assessment (RIA) of the Draft Law on Agritourism. Based on the findings, the RIA team will provide recommendations on policy options for implementing the proposed regulation in an inclusive and sustainable way.
From July 31 to August 2, the APRC attended a workshop on Agritourism Development, an event organized by the Agrarian Committee of the Parliament of Georgia and UN Women. The APRC has been commissioned to conduct a Regulatory Impact Assessment (RIA) of the Draft Law on Agritourism.
In comparison to Q1 2020, the GEO real property market contracted significantly by 45.5% in Q2 2020 (from 27,273 units sold in Q1 2020 to 14,855 in Q2 2020) while the annual decrease was observed at 53.6% (YoY) compared to Q2 2019.