In July 2019, the Georgian National Energy and Water Supply Regulatory Commission (GNERC) introduced changes to electricity supply and consumption rules and procedures, among which the prices and terms of connection of a new customer to the distribution network.

BCI in the third quarter of 2019 has deteriorated, dropping to 8.3 index points, which is 18.7 index points below the previous quarter. The largest reduction in BCI was observed in retail trade followed by the financial and construction industries. In these sectors, the decrease in BCI is driven by both decline in past performance and reduced expectations. On the contrary, agriculture is the sole industry where BCI increased.

In September 2015, United Nations member states adopted the 2030 Agenda for Sustainable Development (the “Agenda”) and seventeen Sustainable Development Goals (SDGs). The Agenda and the SDGs propose that countries achieve sustainable development in economic, social and environmental dimensions simultaneously.

The cultivation of berries is becoming increasingly popular among farmers in Georgia. The necessity of diversification in agricultural production and opportunities in the EU market have led farmers and the state to placing greater focus on the sector.

It is with great sadness that ISET announces an enormous loss to the institution – Mr. Roy Southworth, former Chairman and Chairman Emeritus of the ISET Governing Board, passed away on July 23. He was a most dedicated friend of the broader ISET community, an inspiring development professional, a highly generous contributor, and a brave man with a big heart.