Citrus production in Georgia is currently experiencing a declining trend, despite the implementation of a tangerine state subsidy program. Under the program, farmers receive 30 instead of 15 tetri for 1 kg of non-standard (low-quality) tangerines.
The global recovery from both the COVID-19 pandemic and Russia's invasion of Ukraine is progressing slowly and unevenly. While there was initial economic resilience earlier in the year, marked by a rebound in reopening and efforts to reduce inflation, it is premature to feel reassured. Economic activity has yet to fully return to pre-pandemic levels, particularly in emerging markets and developing economies, and regional disparities are widening.
In December 2023, the average cost of preparing one standard Imeretian khachapuri experienced a slight increase, reaching 6.48 GEL. This signifies a 0.2% rise compared to November 2023 and a noteworthy -7.3% decrease compared to December 2022.
In an online international panel discussion hosted on December 22 at 2 PM, the ISET Policy Institute delved into the economic implications of Georgia being granted EU candidate status. The event, titled 'What economic benefits should Georgia expect after receiving EU candidate status?' sought to address the question that has captured broad professional and public interest since the historic decision on December 14.
On December 20, ReforMeter and the USAID Economic Governance Program hosted a second public-private dialogue dedicated to assessing progress in capital market development reform. The assessment of the progress of the reform includes an overview of the activities planned and implemented within the 2023-2024 action plan of the 2023-2028 capital market development strategy.