On 6 June, a Memorandum of Understanding between ISET’s Policy Institute and the SME Development Association (SMEDA) was enacted. The document was signed by Tamar Sulukhia, the ISET and ISET Policy Institute Director, and Grigol Paikidze, Executive Director of SMEDA.

Georgia has not yet ratified the Convention, and its legislation does not contain the definition of worker with family responsibilities. However, the term is partially applied, both for employees of the private and of the public sector. Having family responsibilities is an important factor influencing the labour market outcomes of individuals of working age.

This policy brief summarizes the main findings of the Regulatory Impact Assessment (RIA) on the possible ratification of the International Labour Organization (ILO) Workers with Family Responsibilities Convention, 1981 (No. 156).

Prior to the current insolvency reform, Georgia’s legislative framework regulating insolvency proceedings fell short of meeting international standards – it did not meet neither creditors’ nor debtors’ needs and failed to offer incentives to the insolvent companies to choose rehabilitation as their optimal strategy for resolving financial difficulties.

On 18 November, ISET’s Agricultural Policy Research Center presented the findings of its Regulatory Impact Assessment (RIA) on the draft law on agritourism and thereafter discussed the associated socio-economic benefits and the costs.