Russia’s invasion of Ukraine profoundly impacted the global economy, immediately sending shockwaves across the globe. The attack of a country that was once a major energy supplier to Europe on the country which was one of the top food exporters in the world, sent food and fuel prices spiraling, causing major energy shortages and the prospect of protracted recession in the United States and the European Union.
ISET Policy Institute, in partnership with UNDP, has launched a new project, entitled "Developing RIA SME Test Methodology for Georgia", with the aim of strengthening the Government’s capacity to analyze policy impacts on SMEs by providing essential tools, knowledge, and practical experience.
Slight shifts in CCI. After a moderate CCI decline in November, the Index began to improve (from -28.6 in November to -27.7 in December) but then shifted back down to -28.1 by January.
Historically, hazelnuts have been one of Georgia’s main crops in terms of economic value; as the country is located on the Black Sea coastal area, which has suitable soil and climate conditions for growing hazelnuts. Even as early as the fourth century B.C., populations grew wild forms of hazelnut, which later adapted to local conditions and formed regional varieties (GEONUTS, 2023).
The "Local Economic Development (LED) in Georgia" project, implemented by a consortium led by HELVETAS and commissioned by the Swiss Agency for Development and Cooperation (SDC), aims to strengthen Georgian actors’ involvement in LED. Moreover, it incorporates an overarching objective “to contribute to increasing employment and income of rural women and men in their localities by enhancing effective collaboration among local and national actors (public, private, civil society) for the creation of new economic opportunities.”