The Georgian Business Confidence Index (BCI) has gained 3 points (on a [-100/100 scale])1 due to the strengthening of business expectations. All of a sudden, the expectations of the private sector in Georgia improved and reached 38 index points. This is an improvement from 16 points in the fourth quarter of 2015.
In early February 2016, ISET opened its doors to a group of 7 economics students and faculty from one of Europe’s top schools of business and economics, HEC at the University of Lausanne, Switzerland.
Georgia is consistently performing very well in the World Bank’s “Doing Business” (DB) ranking 24th country globally in 2016: DB ranking is made up of several different indicators. Georgia only ranked 62nd for getting electricity (GE). GE indicator is a proxy for electricity supply quality to the business.
The Investor Council (IC), coordinated by the EBRD, has been established in 2015 to provide a dialog platform between Georgia’s major business associations and government. Co-chaired by Georgia’s PM Giorgi Kvirikashvili and EBRD Director for the South Caucasus, Belarus, and Moldova, Bruno Balvanera, IC’s February 17 meeting focused on three key issues.
On February 8, 2016, ISET hosted a workshop on Private Sector-led Agricultural Extension in Georgia. Organized by ISET in cooperation with the Ministry of Agriculture, this workshop brought together chief executives of selected Georgian agribusinesses as well as representatives of the donor community, the Ministry of Agriculture, and the Ministry of Education and Science to discuss the possibilities for Public-Private Partnerships (PPP) for developing effective agricultural extension services in the country.