03
August
2020
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.
03
August
2020
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.
27
July
2020
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.
23
July
2020
Geostat has revised its rapid estimate of real GDP growth for the first quarter of 2020. The estimated growth now stands at 2.2%, which is 0.7 percentage points above the average growth rate previously estimated for Q1. The real GDP growth rate contracted by 16.6% and 13.5% year-on-year in April and May 2020, respectively. Consequently, the estimated real GDP for the first five months of 2020 amounted to 5.4%.
17
July
2020
After reaching a historic low in April 2020 Georgian consumer confidence has been steadily reviving. Covid-19 has shaken the world as well as Georgian consumers. One of the evidences that it has been an extraordinary time for Georgian consumers is that in April expectations index dropped below the present situation index for the very first time (see Figure 1).
