Georgia’s new insolvency law – the Law of Georgia on rehabilitation and the collective satisfaction of creditors’ claims – became effective on 1 April 2021. Under which, if a business operating in Georgia has reached a low ebb and is no longer able to meet its financial obligations, it has the opportunity to regulate relations with creditors based on new legislative instruments – effectively, it is able to rehabilitate and return to the market in a viable manner, or, if necessary, it might declare bankruptcy and exit the market.
If you are an undergraduate student of an accredited higher education institution or a student of a vocational education institution in Georgia and ongoing economic reforms in the country interest you, this call is for you!
On 22 June 2022, ISET Policy Institute visited the Svaneti region’s Tetnuldi College in Mestia to conduct an informational ReforMeter session with the local youth and organizations that work on youth issues, among their other activities.
The ISET Policy Institute, the USAID Economic Governance Program, and Internews Georgia hosted a two-day training course to introduce journalists to the MediaTOR platform and its Library of Economic Reforms for Media.
The study was to determine an optimal minimum wage for workers in Georgia, and resulted in a recommended range of 250-350GEL per month, albeit referencing numerous factors that need to be considered.