
Before the current insolvency reform, Georgia’s legislative framework regulating insolvency proceedings fell short of meeting international standards – it did not meet either creditors’ or debtors’ needs and failed to offer incentives to the insolvent companies to choose rehabilitation as their optimal strategy for resolving financial difficulties.

ReforMeter and the USAID Economic Governance Program hosted yet another public-private dialogue dedicated to assessing progress in regulatory impact assessment (RIA) institutionalization reform.

Under the project "Develop Advocacy Capacity of CSOs and PSAs," which is funded by the USAID Economic Governance Program, ISET Policy Institute continues its mentorship activities. The aim of this project is to enhance the capabilities of CSOs and PSAs in various areas such as policy-making, advocacy, research, and outreach so that they can actively participate in the policy decision-making process and contribute to local community development, policy design, and implementation.

The Tourism Reform incorporates the amendments envisioned by the Tourism Draft Law, which was initiated by the Parliament of Georgia. In addition, it encompasses planned changes in the tax benefits system for agritourism and wine tourism service providers.

The majority of those of us who work in the media, and I am probably not being biased if I say particularly those of us who work in the business media, were eagerly awaiting the implementation of the Regulatory Impact Assessment (RIA) mechanism in our country.