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.

For the third quarter of 2023, business confidence in Georgia decreased (by 10.7 index points) and reached 15.7. The highest business confidence is observed in the financial (26.4) sector. The negative change in BCI for Q3 2023 was driven by worsened past performance as well as less optimistic expectations.

In June 2023, Georgian power plants generated 1,369 mln. kWh of electricity (Figure 1). This represents an 8% decrease in the total generation compared to the previous year (in June 2022, the total generation was 1,485 mln. kWh). The decrease in generation on a yearly basis comes from a fall of 8% in Hydro and 9% in wind and 46% in thermal power generation.

On July 27th, a training session was organized by the ISET Policy Institute for ISET students, focusing on the topic "Business Models for Implementing Climate Technologies in the Buildings and Agriculture Sectors of Georgia".

On 25 July, ISET Policy Institute, with support from the Swedish Embassy, met representatives from local non-governmental and international organizations, and from the Kutaisi public and private sectors, in order to introduce its activities and key products.