26
September
2019
According to the Georgian socio-economic development strategy, “Georgia 2020”, the economic politics of the Georgian government is based on the following principles:
24
September
2019
A nationally representative sample of around 350 Georgians, interviewed (every month) in early July and August 2019, reveals that overall the Consumer Confidence Index (CCI) has deteriorated by 2.4 index points since the two previous months, from -15.6 in June to -16.8 in July and to -18 in August.
23
September
2019
Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2019, which now stands at 4.5%. This is only 0.3 percentage points below ISET-PI’s recent forecast. ISET-PI’s forecast of real GDP growth for the third quarter of 2019 stands at 7.1% — 0.4 percentage points lower than last month’s prediction. The first estimate for the fourth quarter growth forecast stands at 5.5%.
09
September
2019
In 2016 reform to levy profit tax was carried out in Georgia to accelerate economic growth in the country, create a favorable environment for starting business and production, and tax administration. The reform envisaged transferring into the Estonian model of levying profit tax, resulting in levying enterprises with taxes during profit distribution.
05
August
2019
The cultivation of berries is becoming increasingly popular among farmers in Georgia. The necessity of diversification in agricultural production and opportunities in the EU market have led farmers and the state to placing greater focus on the sector.
