Private Sector Development Policy Research Center is leading a Regulatory Impact Assessment (RIA) of the Draft Law of Georgia on Entrepreneurs.

In developed countries like Korea and Australia, employment in the agricultural sector is gaining more and more popularity, however, moving back to the countryside in developing nations remains associated with poverty, inefficiency, and lack of progress.

The above quote seems to fit the state of affairs in the European Union fairly well, as the EU’s crisis is continuing, getting deeper, and engulfing more actors than when it started. To name a few well-known events and stats: Greece probably had the first meaningful kick-off in the chain of developments when it faced threats to stability in its own financial system at the end of 2009. At that time, an unreported estimated deficit jumped from 7% of GDP to the first 13%, and then stabilized at 15% as the "new normal."

Beginning in July 2017, if an entrepreneur offers and/or advertises property and/or service for sale in the territory of Georgia, the price of the property/service shall be expressed solely in GEL. According to the bill, failure to abide by the new law when denominating the price will lead to a warning, while a repeated offense will lead to a penalty of 1000 GEL. Each subsequent offense will be subject to a penalty of 5000 GEL.

APRC is working on a research to inform the World Bank Group (WBG) on sectoral priorities in Georgia’s agriculture.