For the first quarter of 2024, business confidence in Georgia decreased slightly (by 0.4 index points) and reached 17.7. The highest decrease in business confidence is observed in the trade (-15.1) sector. The negative change in BCI for Q1 2024 was driven by decreased past performance as well as less optimistic expectations.
Georgia is committed to various international agreements on climate change, notably the Paris Agreement and the Association Agreement with the European Union. Recently, in 2021, Georgia announced a new Nationally Determined Contribution, pledging to reduce greenhouse gas emissions by 35% compared to 1990 levels.
Please note that the research report 'Gender impact assessment of the law of Georgia on public service' is available in Georgian language only.
On January 31, ReforMeter and the USAID Economic Governance Program hosted a second public-private dialogue dedicated to assessing the progress of the water resource management reform. The reform assessment includes an overview of the activities outlined and executed under the new law "On Water Resources Management" that was adopted by the Parliament of Georgia on June 30, 2023.
Geostat has released its rapid estimate of real GDP growth for November 2023. The estimated growth stands at 5.9%, while the average real GDP growth for January-November 2023 reached 6.9%.