27
November
2019
According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth constituted 5.7% year over year (y/y) in Q3 2019. As a result, estimated real GDP growth for the first nine months of 2019 amounted to 5.0%, which is above the National Bank of Georgia’s (NBG) growth forecast for 2019 (the forecast remained unchanged at 4.5%). Meanwhile, based on September’s data, ISET-PI expects annual growth in 2019 to be 4.9%.
20
November
2019
On November 20, the study “Mapping of Emerging and Potential Clusters in Georgia” carried out by the ISET Policy Institute in cooperation with local and international partners was presented at the stakeholder forum ‘Promoting a strong and competitive business in Georgia’ organized by the EU and the four UN agencies – UNDP, FAO, UNIDO, and IOM, under their joint effort for the strong and competitive private sector in Georgia.
30
October
2019
ISET Policy Institute receives 12 600 000 SEK from Sweden for promoting Georgia’s development through independent policy analysis, training, and civil society engagement. The agreement was signed today by Mr. Erik Illes, Head of Development Cooperation of the Embassy of Sweden, and President of Partnership for Economics Education and Research (PEER), Director of ISET Policy Institute Dr. Tamar Sulukhia.
29
October
2019
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.
25
October
2019
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).
