Upon adoption, the Draft Law on Water Resource Management will replace the current Water Law (which is in force since 1997) and will become the new framework document for water resource management. The Draft Law introduces a river basin management system and establishes economic instruments of water use.

CCI’s quick comeback. After consumer confidence hit the lowest point since the pandemic this February, it rapidly got back on track in March. The index increased by 10.9 index points, from -42.4 in February to -31.5 in March.

On February 24th, 2022, Russia invaded Ukraine. This event not only marked the collapse of a painstakingly built global security architecture and destroyed the lives and livelihoods of millions of civilians in the heart of Europe, it also put the world on the brink of the largest nuclear, humanitarian, and ecological catastrophe since WWII.

On 13 April, ISET Policy Institute hosted an event: “War in Ukraine: Challenges, Risks, and Responses of the Georgian Economy”. The meeting brought together the policy community – including think tanks, experts, public and private sector leaders, and various development partners.

In March 2022, the average cost of cooking one standard Imeretian khachapuri stood at 5.84 GEL, which is 0.4% higher month-on-month compared to February 2022, and 31.4% higher year-on-year compared to March 2021.