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.

In November, ISET Policy Institute conducted a training series for civil society organizations (CSO) and private sector associations (PSA). This course was one part of the “Develop the advocacy capacity of civil society organizations and private sector associations” project, supported by the USAID Economic Governance Program.

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 International School of Economics in Tbilisi (ISET) and ISET Policy Institute are seeking a multimedia designer.

Upon adoption, the Draft Law on Water Resource Management will replace the current Water Law (which is in force since 1997) and will become the new framework document for water resource management. The Draft Law introduces a river basin management system and establishes economic instruments of water use.