In 2016 reform to levy profit tax was carried out in Georgia to accelerate economic growth in the country, create a favorable environment for starting business and production, and tax administration. The reform envisaged transferring into the Estonian model of levying profit tax, resulting in levying enterprises with taxes during profit distribution.
BCI in the third quarter of 2019 has deteriorated, dropping to 8.3 index points, which is 18.7 index points below the previous quarter. The largest reduction in BCI was observed in retail trade followed by the financial and construction industries. In these sectors, the decrease in BCI is driven by both decline in past performance and reduced expectations. On the contrary, agriculture is the sole industry where BCI increased.
In September 2015, United Nations member states adopted the 2030 Agenda for Sustainable Development (the “Agenda”) and seventeen Sustainable Development Goals (SDGs). The Agenda and the SDGs propose that countries achieve sustainable development in economic, social and environmental dimensions simultaneously.
People face complicated financial decisions starting from a young age. Financial mistakes made early in life can be costly. Thus, Financial literacy could play an important role in sound financial decision-making. Financial illiteracy has implications for many household behaviors. People with the lack of financial literacy participate less in the stock market (van Rooij et al. 2011), choose mutual funds with higher fees (Hastings and Tejeda- Ashton, 2008), and accumulate less retirement wealth (Behrman et al. 2010).
Almost as soon as they are through the front doors, new arrivals to ISET are told that the institute is like a family, and it does not take long before the truth of these words is proved. ISET alumni frequently come back to visit, and not just to pay friendly visits to their old professors: many have gone on to work prestigious jobs in both the government and private sectors or earn PhDs in American and European universities, and so return to ISET to present on topics that will be of interest to the community, both old and new.