APRC conducted a Regulatory Impact Assessment (RIA) on insurance reform in Georgia and provided recommendations on policy options for developing a sustainable agricultural insurance market in the country.

The objective of the assistance program is the promotion of agro-technical activities (plowing) for cultivating annual crops and supplying the industrial inputs (fertilizers and/or seeds and/or plant protection products); and the promotion of the activities of those land-poor-farmers who only have perennial crops on their lands (the provision of fertilizers and/or plant protection products).

The second of May, 2015, may well go unnoticed by historians of the future; but I am convinced that it marks a watershed not only in Georgia’s recent evolution – but also, maybe, in the history of our times...

ISET’s Khachapuri Index kept declining in April, very much in line with the multi-year seasonal trend (see chart). The average cost of cooking one standard Imeretian Khachapuri currently stands at 2.96 GEL, which is 3.2% lower month-on-month (m/m, that is compared to March 2015), and 11.4% lower year-on-year (y/y, that is compared to April 2014).

After the collapse of the Soviet Union it was believed that tourism might become one of Georgia’s “locomotive” sectors. While the Shevardnadze government failed to develop this potential, after the Rose Revolution, tourism became a top priority. Each year since 2005, the direct effect of tourism (i.e. the money spent by tourists) alone has contributed 6-7% of Georgia’s total GDP.