As advised by the European partners, in order to restore Georgia's trajectory towards EU membership, it is essential for the country to repeal the recently enacted laws concerning "Transparency of Foreign Influence" and "Protection of Family Values and Minors," as well as to adequately implement the nine requirements set forth by the European Commission for granting of EU candidate status to Georgia.
The U.S. presidential election is one of the most consequential global political events, influencing not only internal American policies but also its relationships with countries worldwide. It has far-reaching implications beyond the American citizenry that affect international partners, including Georgia. As a small, strategically located country in the South Caucasus, Georgia’s economy is deeply intertwined with the geopolitical environment and under the support of key allies like the United States.
From October 3 to 5, ISET Policy Institute and Leibniz Institute of Agricultural Development in Transition Economies (IAMO) hosted a three-day International Conference. The conference was jointly organized by ISET and IAMO and titled “Improving the Functioning of Agri-Food Value Chains in the South Caucasus Region”.
According to GeoStat’s preliminary estimates in the second quarter of 2024, Georgia’s nominal GDP reached GEL 22,101.7 million, with a year-over-year real GDP growth of 9.6% and a GDP deflator change of 2.5%. The growth was driven by significant increases in value-added across various sectors: Accommodation and food service activities rose by 35.7%, Education by 21.3%, household activities as employers and producers of goods and services for personal use by 17.3%, Transportation and storage by 16.1%, Public administration and defense, including social security, by 13.3%, and Construction by 13%.
In September 2024, the average price for preparing a standard portion of Imeretian khachapuri reached 6.48 GEL. During August and September 2024, the Khachapuri Index showed an upward trend, with prices increasing by 13% in September compared to July 2024.