ISET is proud to welcome Mr. Luc Leruth, a professional of considerable academic experience who has worked for many years in financial institutions, to the ISET Policy Institute as one of its Lead Economists. A native of Belgium, Mr. Leruth previously worked as the Director of a number of the IMF's Technical Assistance Centres in Africa and the Pacific region.

The APRC is conducting a Regulatory Impact Assessment (RIA) of the Draft Law on Agritourism. Based on the findings, the RIA team will provide recommendations on policy options for implementing the proposed regulation in an inclusive and sustainable way.

From July 31 to August 2, the APRC attended a workshop on Agritourism Development, an event organized by the Agrarian Committee of the Parliament of Georgia and UN Women. The APRC has been commissioned to conduct a Regulatory Impact Assessment (RIA) of the Draft Law on Agritourism.

In comparison to Q1 2020, the GEO real property market contracted significantly by 45.5% in Q2 2020 (from 27,273 units sold in Q1 2020 to 14,855 in Q2 2020) while the annual decrease was observed at 53.6% (YoY) compared to Q2 2019.

For the third quarter of 2020, BCI increased by 17.3 index points and reached -9.9 after a significant deterioration in the previous quarter. Business confidence improved across all sectors, except manufacturing and service. The largest increase is observed in the construction sector. The positive change in BCI, for Q3 2020, is driven by significantly optimistic future expectations.