Georgia has a number of laws and regulations governing water resources, dating back to the late nineties and partially amended after 2003. Changes, however, have not always followed a clear and coherent strategy. As a result, in the words of the United Nations Economic Commission for Europe (UNECE), the current legislation is an “unworkable and fragmented system”.

Back in 2014, Georgia and the European Union (EU) signed an Association Agreement, which included the Deep and Comprehensive Free Trade Area (DCFTA) between the EU and Georgia. While this agreement creates new opportunities for Georgia’s agricultural exports, high food safety standards in the EU market make it difficult to fully utilize these opportunities. This is particularly true for products of animal origin, which are subject to strict regulations.

ISET-PI is working on a Regulatory Impact Assessment (RIA) on the Draft Law of Georgia on Biodiversity. This project will emphasize the consideration of Sustainable Development Goals in the RIA approach.

GEO real property market slowed down in APR-17 (-16.2% MoM) and gradually recovered during next 2 months: MAY-17 (+20.8% MoM) and JUN-17 (+6.5% MoM). With a total of 24 673 property sales, GEO market in Q2 2017 grew by 12.7% (YoY).

The cost of cooking one standard Imeretian khachapuri in June 2017 ranged between 2.64 GEL and 3.52 GEL, with the average price being 3.08. The average price in June 2017 is 1.8% lower compared to the previous month (May 2016), and 1.5% higher year-on-year (compared to June 2016).