It is a commonly accepted view that corruption is bad for economic growth. It leads to an inefficient allocation of resources by contradicting the rules of fair competition and by setting wrong incentives.
The Consumer Confidence Index (CCI) attempts to capture the expectations of consumers about the future development of the economy.
For the first time since 2007 Georgia is a net electricity importer. Last year the total electricity generated declined by 4% and a 1.3% increase in total internal demand was observed.
On January 24, 2013, Robert Tchaidze, Senior Economist with the European Department of the IMF, delivered a presentation titled “Turkey: From Crisis to Recovery, 1999-2005.” The presentation covered the causes of the 2001 crisis, the anti-crisis programs undertaken by the Turkish government in cooperation with the IMF, and the country’s subsequent recovery.
According to the Law of Georgia on Medical Activity, postgraduate medical education can take place only in accredited institutions and/or medical schools from March 2009 onwards.