On June 2, ReforMeter and the USAID Economic Governance Program hosted yet another public-private dialogue dedicated to assessing progress in capital market development reform. The assessment of the capital market development reform includes an overview of the activities planned and implemented within the capital market development strategy for 2023-2028.
In Georgia, a new law on “Water Resources Management" has been drafted, which involves significant and complex legislative changes. The country will have a new, unified system of managing water resources based on international approaches after the proposed law is implemented, satisfying the requirements set forth in the Association Agreement (AA) concluded with the European Union (EU).
On 27 June 2014, Georgia and the EU signed the Association Agreement (AA), including the Deep and Comprehensive Free Trade Agreement (DCFTA), which fully entered into force on 1 July 2016. The goal of the DCFTA is to provide a framework for new trade opportunities, enhance competitiveness in the business sector, and support closer economic integration between Georgia and the EU based on reforms in trade-related fields.
There will always be “winners” and “losers” in a market economy, which entails constant competition between companies for access to limited resources. The loser in this case is a company that is unable to pay its financial obligations on time and thus becomes insolvent.
On May 18, ReforMeter and the USAID Economic Governance Program hosted yet another public-private dialogue dedicated to assessing progress in tourism reform.