Reaching European and international standards of insolvency proceedings is considered one of the most important priorities of the Georgian authorities and its international partners for creating enabling business environment and fostering sustainable growth and job creation in the country.

On 17 December 2021, the parliament of Georgia approved the state budget for 2022, with allocations of around 19.2 billion GEL. From which the Ministry of Environmental Protection and Agriculture (MEPA) will receive 593.1 million (3.1% of the total budget allocation).

During such challenging times, as the Russia-Ukraine conflict escalates daily and threatens the lives of thousands, as well as the wellbeing of everyone around the world, having experienced the horror of war, we Georgians especially feel the pain of the Ukrainians.

Georgia has not yet ratified the Convention, and its legislation does not contain the definition of worker with family responsibilities. However, the term is partially applied, both for employees of the private and of the public sector. Having family responsibilities is an important factor influencing the labour market outcomes of individuals of working age.

The International Energy Agency provides a definition of energy security across two dimensions. In a broad sense, energy security is defined as the “uninterrupted availability of energy sources at an affordable price,” while short-term energy security denotes that an energy system has the capability to promptly balance any disruption in the supply-demand equilibrium.