Imagine spending some time in the countryside away from the noisy, dusty city, getting involved in agricultural activities, and discovering the local culture. This kind of tourism is called agritourism.

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2020, which now stands at -12.6%. The real GDP growth rate contracted by 7.7% and 5.5% year-on-year in June and July 2020, respectively. Consequently, the estimated real GDP for the first seven months of 2020 amounted to -5.8%.

The APRC is conducting a Regulatory Impact Assessment (RIA) of the Draft Law on Agritourism. Based on the findings, the RIA team will provide recommendations on policy options for implementing the proposed regulation in an inclusive and sustainable way.

From July 31 to August 2, the APRC attended a workshop on Agritourism Development, an event organized by the Agrarian Committee of the Parliament of Georgia and UN Women. The APRC has been commissioned to conduct a Regulatory Impact Assessment (RIA) of the Draft Law on Agritourism.

Geostat has revised its rapid estimate of real GDP growth for the first quarter of 2020. The estimated growth now stands at 2.2%, which is 0.7 percentage points above the average growth rate previously estimated for Q1. The real GDP growth rate contracted by 16.6% and 13.5% year-on-year in April and May 2020, respectively. Consequently, the estimated real GDP for the first five months of 2020 amounted to 5.4%.