After three consecutive quarters of improvement, BCI in the third quarter of 2018 has worsened, dropping to 35.4 index points, which is a 4.2 index point loss over the previous quarter. The BCI drop is based on lowering expectations and worsening of past performance in many business sectors. Compared to other sectors, manufacturing assessed their past performance and expectations the most pessimistically. In contrast, the agriculture sector is the most positive, reflecting a high season in production.
APRC conducted a Regulatory Impact Assessment (RIA) of the Draft Law on Windbreaks and provided recommendations on policy options for implementing proposed regulation in inclusive and sustainable way.
Build the capacity of the representatives of Parliament of Georgia and executive agencies to understand and apply the RIA methodology. Georgia is in the process of institutionalizing RIA as an integral part of policy-making, both in the executive and legislative branches of government.
The average cost of cooking one standard Imeretian Khachapuri in June 2018 stood at 3.15 GEL, which is 0.7% lower month-on-month (compared to the previous month), and 2% higher year-on-year (compared to the same month of last year).
The GEO real property market grew by 10.1% in Q2 2018, in comparison with Q1 2018. The annual increase was more pronounced at 22.7% (YoY), in comparison with Q2 2017. TBS, with a 44.0% share in total sales in Q2 2018, dominated the GEO real property market.