At the initiative of the Government of Georgia, a new model of corporate taxation was introduced in 2017. The so-called Estonian Model of Corporate Income Tax (CIT) reform envisaged a transition to a model wherein enterprises would only be taxed on profit distribution.
The Khachapuri Index reached its historical maximum in October 2019. The Index continued its upward trend which started in May 2019 and took a big leap in October 2019. The average cost of cooking one standard Imeretian khachapuri reached 3.90 GEL, which is 6.6% higher month-on-month (compared to September 2019) and 8.6% higher year-on-year (compared to October 2018).
The objective of the research is to provide infrastructural view of AKIS in Georgia by describing its main actors, linkages between them and coordination mechanisms in place. The research also looks at the assets and gaps of existing system and provides recommendations for further development of the system.
On October 4th, ISET students at every level and every stage of their studies were given a unique opportunity by the European Bank for Reconstruction and Development – to have their own research be used and cited in an EBRD report on Georgia. In addition, the students will be able to use their work as part of any thesis they will be submitting in the near future.
In September 2019, the average cost of cooking one standard Imeretian khachapuri reached 3.64 GEL, which is 3.0% higher month-on-month (compared to August 2019), and 2.3% higher year-on-year (compared to September 2018). The price of khachapuri increased in all four major cities of Georgia: Tbilisi, Batumi, Kutaisi, and Telavi.