ISET Policy Institute receives 12 600 000 SEK from Sweden for promoting Georgia’s development through independent policy analysis, training, and civil society engagement. The agreement was signed today by Mr. Erik Illes, Head of Development Cooperation of the Embassy of Sweden, and President of Partnership for Economics Education and Research (PEER), Director of ISET Policy Institute Dr. Tamar Sulukhia.

At the initiative of the Government of Georgia, a new model of corporate taxation was introduced in 2017. The so-called Estonian Model of Corporate Income Tax (CIT) reform envisaged a transition to a model wherein enterprises would only be taxed on profit distribution.

The Constitution of Georgia states “The State shall take care of human health care and social protection, ensuring the subsistence minimum and decent housing, and protecting the welfare of the family" (Constitution of Georgia, Article 5, 2017). However, at the moment, Georgian legislation is characterized by a lack of laws and regulations that clearly define the responsibilities of public institutions to solve housing-related issues in the country. To address this issue, the Government of Georgia (GoG) has established a working group including key stakeholders operating on social housing issues, led by top representatives of the Ministry of Internally Displaced Persons from the Occupied Territories, Labour, Health and Social Affairs of Georgia.

The Khachapuri Index reached its historical maximum in October 2019. The Index continued its upward trend which started in May 2019 and took a big leap in October 2019. The average cost of cooking one standard Imeretian khachapuri reached 3.90 GEL, which is 6.6% higher month-on-month (compared to September 2019) and 8.6% higher year-on-year (compared to October 2018).

The biennial Tbilisi Silk Road Forum was held from October 22-23, an event of the utmost importance for Georgia’s economic development. With over 2,000 people in attendance, the Forum gathered together policymakers, businesses, community leaders, and academics to discuss trade and connectivity, as well as examine the challenges facing countries along the New Silk Road.