APRC conducted a Regulatory Impact Assessment (RIA) on insurance reform in Georgia and provided recommendations on policy options for developing a sustainable agricultural insurance market in the country.
Economic activities which are not registered (and therefore not taxed) are commonly called Shadow Economy or Underground Economy. Are there shadowy corners in Georgia’s economy? Not just corners!
The objective of the assistance program is the promotion of agro-technical activities (plowing) for cultivating annual crops and supplying the industrial inputs (fertilizers and/or seeds and/or plant protection products); and the promotion of the activities of those land-poor-farmers who only have perennial crops on their lands (the provision of fertilizers and/or plant protection products).
Here is a question that has bothered me for a while and I am surprised that nobody else seems to have asked it before: How comes Western countries had the better orchestras (collectives) and the Soviet Union the better classical music soloists during the Cold War? Would one not expect the contrary?
Currently, farming in Georgia is a “by default activity” – the vast majority of Georgian “farmers” are not really farmers in a professional sense but rather people who try to survive by growing agricultural products. When traveling through Georgia’s countryside, one sees immediately that it is mainly the older generation which has to resort to this default activity.