ISET Policy Institute hosted a roundtable discussion on March 31 at Rooms Hotel Tbilisi, where participants discussed the impact of public spending on agriculture in relation to the value and destination of agricultural exports, particularly to the European Union (EU).
Food loss and waste (FLW) management and administration is a multidimensional concept, one which encompasses prevention and waste management during food production; post-harvest activities and practices; food safety and hygiene; labeling and date indication; as well as official control and taxation (VAT, income tax, profit tax).
The budget for the Ministry of Environment Protection and Agriculture (MEPA) amounted to 698.5 million GEL (an increase of 10.0 million GEL) in 2023.
Over the past few years, food prices have been increasing and Georgia has been facing food price inflation in the double digits. This is primarily due to international market trends that reflect concerns over decreased production, increased crude oil prices, as well as COVID-19 pandemic-related restrictions. Russia’s full-scale invasion of Ukraine increased pressure on international food markets already struggling with soaring prices.
On March 14, the ISET Policy Institute organized a roundtable discussion on Food Prices, Price Controls, and their Potential Impact on Georgia’s Economy. The event was attended by experts from local and international institutions who shared their views and exchanged ideas on proposed policy solutions.