19
March
2018
This year Georgia’s electricity market will have to go through some crucial reforms. The signing of the Association Agreement and Georgia’s accession to the energy community in October 2016 imposed some important obligations on the country to reform its energy markets. For the electricity market, 2018 will be a turning point.
12
March
2018
In January 2018, an IMF Working Paper published new results on the shadow economy situation for 158 countries from 1991 to 2015. According to Medina and Schneider (2018), the shadow economy in Georgia during that period constituted, on average, 64.9% of GDP – the highest indicator in the world! In 2015 (the last year available), things were slightly better for Georgia, with the share of the shadow economy standing at 53%.
05
March
2018
I believe we all are bound by the notion that technology is the thing. We might be convinced it’s a sign of progress. Those very clever engineers have finally saved humanity, not just by envisioning what will save the masses from wasting their minutes and seconds, but they also help to propel all sorts of time-saving devices. There are, of course, good reasons to argue for how important technological advances are.
28
February
2018
Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2017. Estimated growth stands at 4.7%, which is only 0.1% higher than the value forecasted in the last update of our model.
28
February
2018
In the present era of environmental and industrial change, maintaining biodiversity is essential. Doing so not only protects species and habitats, but also brings benefits for society in the form of resulting ecosystem services. In order to conserve biodiversity and fulfill the obligations defined by various international conventions and the Association Agreement (AA), the Georgian Ministry of Environment and Natural Resource Protection (MoENRP) initiated the Law on Biodiversity in 2015.
