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Business Confidence Index: New year, new expectations

For the first quarter of 2023, business confidence in Georgia increased (by 8.4 index points) and reached 20.1. The highest business confidence is observed in the financial (35.6) sector.

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An Overview of the Georgian Wine Sector

Wine is one of the top export commodities for Georgia. It constituted 21 percent of the total Georgian agricultural export value in 2021 (Geostat, 2022).

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December 2022 | Agri Review

On a monthly basis, the country’s price levels held steady between September-November 2022.

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ISET Policy Institute hosts seminar on RIA institutionalization

ISET Policy Institute hosted an online event entitled “Where Georgia Stands on Regulatory Impact Assessments and what is next?”. Norberto Pignatti, ISET Policy Institute’s Lead Economist and Ph.D. in Economics from the University of Bologna, led the event and provided insights on regulatory impact assessment, a tool for high-quality policymaking.

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ISET hosts IMF Regional Economic Outlook presentation on the Caucasus and Central Asia

ISET Policy Institute introduced the “Caucasus and Central Asia Regional Economic Outlook” presentation, led by Selim Cakir, the International Monetary Fund’s (IMF) Resident Representative for Georgia.

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MediaTOR - Economic reforms library for media

MediaTOR is an innovative platform implemented by the ISET Policy Institute and Internews Georgia with the support of the USAID Economic Governance Program. Its purpose is to develop fact-based economic journalism and promote public participation in the process of economic reforms.

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WHO WE ARE

ISET Policy Institute provides independent policy research, analysis, and training, and it reaches out to the broader academic, policy and business community, as well as the general public. Our key areas of expertise are in Agricultural Policy, Macroeconomic Policy, Energy & Environment, Private Sector Development, and Inclusive growth. Within these sectors, ISET maintains a portfolio of regular indices and analytical publications, and implements externally financed projects.

Indexes
Agri Review
Summarizes the major developments in the agricultural sector and provides brief analysis of the related economic indicators.
Business Confidence Index
Comprises seven sector-specific sub-indices covering services, retail trade, agriculture, manufacturing, financial services, construction and other sectors.
Consumer Confidence Index
Measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation.
Electricity Market Review
Analyses the main trends and key events in Georgia’s electricity market.
Energy Market Review
Analyses the main trends and key events in Georgia’s energy sector, including electricity, oil, and gas.
GDP Forecast
Provides current-quarter and one-quarter-ahead GDP forecasts for those who need to make business and policy decisions and cannot wait until the official statistics are announced several months later.
Gender Equality Index
Following an EU methodology and taking into account regional context, the Index measures progress towards gender equality among 12 former soviet countries.
Khachapuri Index
Inspired by the Big Mac Index of the Economist magazine, it tracks inflation by using the most popular Georgian Food, the Khachapuri.
Macroeconomic Review
Offers a comprehensive review and an economic interpretation of the existing data trends, which are based on monthly statistics from GeoStat, NBG, and other sources.
REMLab
According to the best global practices, residential and commercial real estate price indices are calculated using several measures

Publications

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Projects

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Corporate Income Tax Assessment and Ways Forward
The Estonian model of Corporate Income Taxation (CIT) that came into force on January 1, 2017, in Georgia is based on the distributed profit taxation regime, according to which retained corporate income is tax-free, and profit is taxed at 15% only when distributed.
17.10.2022
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Develop the advocacy capacity of CSOs and PSAs
ISET Policy Institute has launched a new project – “Develop the advocacy capacity of CSOs and PSAs”. This project is being implemented with the support of the USAID Economic Governance Program.
07.03.2022
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News and Events

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ISET Economist Blog

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What are the outcomes of the new insolvency law?
Georgia’s new insolvency law – the Law of Georgia on rehabilitation and the collective satisfaction of creditors’ claims – became effective on 1 April 2021. Under which, if a business operating in Georgia has reached a low ebb and is no longer able to meet its financial obligations, it has the opportunity to regulate relations with creditors based on new legislative instruments – effectively, it is able to rehabilitate and return to the market in a viable manner, or, if necessary, it might declare bankruptcy and exit the market.
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Water pollution in the Mtkvari River
Water quality has become a global concern in the twenty-first century. Data from the United Nations’ Sustainable Development Goal 6 suggests that only 56% of the world’s domestic wastewater is treated. However, the majority of countries (especially developing nations) do not gather water quality data on a regular basis.
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Lead contamination in Georgia – myth or fatal reality?
Lead contamination has been estimated to account for around 900,000 deaths per year worldwide (IHME, 2019). Typically developing countries suffer the most, where the use of lead in paint and other household products is often not fully regulated or controlled.
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