On 21 December, ISET Policy Institute hosted an online event entitled “Impacts of the War in
The Gender Impact Assessment (GIA) of the Models for the Implementation of the Equal Pay Review and Reporting (EPRR) Methodology in Georgia was conducted by the ISET Policy Institute (ISET-PI) as part of its collaboration with UN Women within the scope of the project “Regulatory Impact Assessment and Gender Impact Assessment for Women’s Economic Empowerment in Georgia”.
This in-depth study seeks to quantify the costs and benefits associated with introducing a local tourism fee to support public services and touristic infrastructure in Georgian municipalities. Locally generated and retained fee revenues are one of the best methods for boosting local economies and maintaining tourist infrastructure. A tourism local tax and/or fee is an internationally accepted practice and is paid by non-residents when staying in local tourist accommodations and when receiving specialized services.
The COVID-19 outbreak has negatively affected the Georgian economy through a reduction in FDI, exports of goods and services, and remittances. In addition, uncertainties caused by the pandemic and containment measures hit consumption and domestic investment. As a result of this reduction in aggregate demand, combined with increased production costs due to pandemic-related constraints, GDP is expected to contract by 5% in 2020 according to NBG’s latest monetary report.
While COVID-19 pandemic had a negative impact on the current investment expenditure of Georgian ICT companies, investment and hiring is set to increase in the future for most firms in this sector.