Underdevelopment of the land market is a major obstacle behind the development of Georgian agriculture. A significant number of unregistered plots of land prevent land consolidation and increases in agricultural productivity. According to the Ministry of Justice, as of February 2019, in the framework of the land registration reform, since 2016, there are 543,139 citizens who have registered 130,943 ha of land; 1,431 legal entities which have registered 1,793 ha; and 34,131 state entities with 169,241 ha of registered land.

The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.54 GEL in February 2019. This is 2.2% lower MoM (compared to January 2019), and 3.5% lower YoY (in comparison to February of 2018). The index having a downward trend at this time of the year is not unusual, and chiefly relates to the decreasing price of cheese (due to a higher supply of fresh milk).

On April 3rd, 2015, the government of Georgia adopted the Technical Regulation on Milk and Dairy Products that was enacted on August 1st, 2015. The technical regulation aims “to determine unified principles for regulating production, processing, and distribution of milk and dairy products as well as the protection of customers’ rights”. It provides definitions of terms “milk and dairy products”.

ISET would like to congratulate Professor Muhammad Asali on the publication of his new article, entitled “A Tale of Two Tracks,” in the Education Economics journal.

Reaching European and international standards of insolvency proceedings is considered one of the most important priorities of the Georgian authorities and its international partners for creating enabling business environment and fostering sustainable growth and job creation in the country.