On January 20th, the ISET Policy Institute presented the final results of its regulatory impact assessment (RIA) regarding the draft methodology of irrigation/drainage tariffs. The goal of the workshop was to present and receive feedback from major stakeholders on the final results of the RIA. The effort of different research centers of the ISET Policy Institute has also contributed to the study since mid-November 2015.

Agricultural Policy Research Center and Energy and Environment Policy Research Center are working on a Regulatory Impact Assessment (RIA) on draft Law on Irrigation/Drainage and methodology for irrigation/drainage tariff calculation in Georgia. Report will make recommendations on different policy options for developing an efficient system of Irrigation and Drainage services in the country.

Given the newly revised Q3 forecast, the annual growth in 2015 is expected to be 2.6% in the worst-case, or “no growth” scenario, and 3% in the best-case, or “average long-term growth” scenario (see our January 2014 and February 2014 publications for a note on methodology).

The ISET Policy Institute (ISET-PI) was commissioned by the World Bank to assist the Social Service Agency (SSA) of Georgia, an agency of the Ministry of Labor, Health, and Social Affairs (MoLHSA), in setting up a system for providing job seekers with vocational and educational training (VET). The project had two specific goals.

In the second quarter of this year, the ISET Business Confidence Index registered 21.7 on a scale of 100 points (see methodology below). This is down from the 30.2 recorded in the first quarter of the same year. The positive number nevertheless indicates that the confidence factor among businesses is about 21.7 more positive, rather than negative or neutral (e.g. a confidence index of 100 would have indicated that all firms in the sample reported a positive outlook.