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Regional Impacts of COVID-19 Shock to HORECA Sector
27 March 2020

The outbreak of the virus and the corresponding containment measures have started to severely affect the global economy. The Organization for Economic Co-operation and Development (OECD), in its Interim Economic Outlook Report (2020) on March 2nd downgraded 2020 real GDP growth projections for almost every country. The largest reduction in growth projections is seen for China (-0.8 percentage points) with a worldwide real GDP growth rate expected to decline from 2.9% (November 2019 forecast) to 2.4%.

Developing a water policy outlook for Georgia: country assessment
25 March 2020

Assessment of the water policy needs and challenges to strengthen a long-term vision of the water policy framework of Georgia. Many countries of the Eurasia region have shown commitment to implement the principles of the EU Water Framework Directive and IWRM, and they tend to reform their water institutions and policies and develop river basin management plans in approximation with these principles.

Development of indirect impact assessment methodology and multipliers
10 February 2020

The aim of the project was the development of multipliers to assess the indirect impact on job creation, investment, and enhanced revenues on the Georgian economy.

Recent Monetary Policy Measures and Lending Regulations — the Effect on Georgian Lending Patterns
31 January 2020

High and rising levels of foreign currency indebtedness have been an important topic in Georgia over the past several years. To address this issue and protect borrowers from currency risks, the National Bank of Georgia (NBG), as well as the Georgian Government have implemented regulations to hinder excess indebtedness. Let’s have a look at the timeline (Figure 1) of recent lending regulations and the accompanying monetary policy measures and observe their impact on changing lending patterns in the Georgian economy.

One Small Step for a Man, Big Data for Mankind: Uses of Alternative Data Sources in Tourism Development
22 March 2019

There are many mesmerizing buildings in Tbilisi, but do you know which one tourists favor the most? Or have you ever wondered what travelers’ favorite Georgian food or wine is? Thanks to modern tools and data-gathering methods, we now have actual proof that khachapuri is tourists’ all-time favorite Georgian dish. In 2018, the Georgian National Tourism Administration (GNTA), along with Communication Agency Windfor’s, launched a campaign called “Emotions are Georgia” to determine what foreign tourists admire the most in our beautiful country and which emotions they associate with Georgia.

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