In a first for Georgia's education sector, the ISET MA Class of 2020 underwent its graduation ceremony entirely online. Guest speakers – including Minister of Education Mikheil Chkenkeli, ISET Governing Board Director Jean-Frederic Paulsen, and Deputy Swedish Ambassador Erik Illes – appeared over Zoom, followed by members of the Class of 2020 itself, and finishing with an address by Valedictorian Guram Lobzhanidze.
On 28 May, Georgia announced its fourth anti-crisis plan, in which the government will subsidize 4 percent of the interest rate of mortgage loans for five years. The subsidy will be issued for loans not exceeding 200,000 GEL and will only apply to those taking mortgages for the purchase of residential apartments that are newly built or under construction, from 1 June 2020 to 1 January 2021. The state will also ensure the completion of ongoing construction.
The Regulatory Impact Assessment (RIA) has proved to be an effective policy-making tool and has been integrated into policy and legislative processes in an increasing number of countries. Over the last few years, the Government of Georgia has embarked on the process of institutionalizing RIA as an integral part of policy-making.
Identifying barriers to youth entrepreneurship in Georgia studying the Georgian entrepreneurship ecosystem. The study aims to identify the barriers youth entrepreneurship in Georgia faces and proposes interventions, which could be led by relevant actors within the ecosystem, to overcome the challenges.
On 15 June 2020, the National Statistics Office of Georgia published its annual publication for the agricultural sector - Agriculture of Georgia 2019. The publication shows that agriculture, forestry, and fishing comprised 7.2% of the nominal GDP in 2019, slightly lower than the 7.8% share in 2018, but in line with the general trend over the last five years (on average 7-8% of GDP).