We are looking for high qualified Public Financial Management (PFM) professionals for inclusion into the Roster.
Please, note that Only applicants who pass all screening procedures will be included into Experts Roster for the period of 3 years. Entry into the expert roster system does not necessarily mean that contract with PMCG is guaranteed. This will depend on forthcoming needs.
We are launching an open call for professionals to join Policy and Management Consulting Group (PMCG) as freelance consultants. Qualified candidates will be included into Vetted Experts Roster for the period of 3 years and will be considered for appropriate opportunity open at PMCG.
On November 21-22, an informative-consultative meeting of 4th category enterprise representatives took place in Batumi and Telavi. The event was intended to increase awareness of representatives of small- and medium-sized enterprises (SMEs) regarding new financial reporting standards by presenting to them recent updates and self-learning materials.Over 150 representatives from SMEs, training centers and the Service for Accounting, Reporting and Auditing Supervision (SARAS) participated in the event.
“SMEs play a key role in the economic growth of Georgia and simplified financial reporting standards will enable them to comply with various international and national standards and expand their production,” said PMCG’s consultant Nino Khatisashvili. Moreover, the presentations were interactive and triggered interesting discussion about the challenges faced by 4th category enterprises. The new accounting and reporting standards for SMEs should improve the quality and transparency of corporate financial statements, enable easier compliance with obligations, reduce administrative burdens, and provide an opportunity to focus on business growth and access to finance. The meetings were organized as part of the Good Governance Fund (GGF) project "Corporate financial reporting support for 4th category enterprises," which is being implemented by PMCG, as part of a consortium led by PricewaterhouseCoopers (PwC), in cooperation with the SARAS.
Please kindly follow the link below for detailed information about the project:Good Governance Fund
We are collaborating with the Ministry of Economic Development and Trade of Ukraine (MoEDT) to implement reforms to the state management of intellectual property (IP) rights.The main aim of the project is to enhance Ukraine’s performance in managing IP and to develop a suitable legal framework, specifying the functions of the National Office for Intellectual Property (IP Office) as well as developing a detailed organizational structure for the IP Office.The project is being implementing by PMCG, as part of a consortium led by PricewaterhouseCoopers LLP UK (PwC), under a UK Government Good Governance Fund (GGF) project.More specifically, PMCG will: facilitate discussions regarding a draft law outlining the structure and functions of the IP Office; define the functions and procedures of the Board of Appeals within the IP Office in accordance with the best practices in EU; develop profiles and job descriptions of key positions for each department within the IP Office; and prepare a detailed organizational structure implementation road map.Moreover, we will also define key roles, responsibilities and levels of authority within the newly-established organizational structure, which will encompass identifying management levels and roles, segregating duties and responsibilities between different management levels, and identifying both horizontal and vertical communication mechanisms.Ultimately, the MoEDT will be able to establish a simpler and quicker process for the registration of IP rights in the IP Office and will enhance the protection of IP rights in Ukraine.Please kindly follow the link below for detailed information about the project:Assistance to the Ministry of Economic Development and Trade of Ukraine (MoEDT) with Implementation of Reform of the State Management of Intellectual Property Rights
On November 15, the Delegation of the European Union to Georgia and the Government of Georgia summarized four years of cooperation aimed at developing the Employment and Vocational Education and Training (EVET) system in Georgia.
On November 9, David Lezhava, Public Policy Sector Director at PMCG, delivered a presentation and shared Georgia’s experience of introducing economic reforms and innovations in the public sector to a delegation from Ukraine. “The focus was placed on the continuous and comprehensive nature of business-enabling reforms. Discussion was productive, and we shared interesting insights,” said Lezhava.The presentation was held at Georgian Institute of Public Affairs (GIPA). On November 6-10, the Institute hosted a delegation comprising Andrii Halushchak, State Secretary of the Ministry of Infrastructure of Ukraine, and two of his colleagues - Iryna Koshel, head of the public management reform support team, and Oksana Lesyk, senior project manager. The aim of their visit was to share modern approaches and ways of dealing with challenges that arise in the process of introducing reforms. The workshop was organized by GIPA and was funded by the Foundation for Support of Reforms in Ukraine.
On November 6, PMC Research organized a meeting between the Chinese Academy of Fiscal Sciences (CAFS) and Tbilisi State University (TSU), with the aim of introducing these two institutions to each other and discussing collaboration opportunities. As a result of the meeting, various cooperation models were discussed, including an internship program at the CAFS for researchers from TSU. “We are pleased that we had the opportunity to connect these two institutions with each other. The CAFS is one of the largest think tanks working on public administration and public finance in China. So, the proposed internship would be interesting and fruitful for researchers from TSU to enhance their skills and knowledge,” said Tamar Japaridze, Executive Director at PMC Research. Another productive meeting was held between the CAFS delegation and the Academy of the Ministry of Finance of Georgia. The two institutions shared their experience and considered the prospective joint projects, including a trade forum, focused on the advantages of the Belt and Road Initiative, and the challenges and opportunities related to trade between Georgia and China. The CAFS delegation visited Georgia through November 6-7. Along with representatives of academia, they also met representatives of public institutions, including the Ministry of Regional Development and Infrastructure of Georgia, the National Bank of Georgia, the Ministry of Economy and Sustainable Development of Georgia, the Agriculture Projects Management Agency, and the Ministry of Finance of Georgia.The CAFS was founded by the Government of the People’s Republic of China with the aim of supporting the Government with research-based policy advising. Today, the CAFS unites 12 research centers working in different directions, including the Center for Macroeconomic Studies and the Center for Public Finance and Governance Studies, and is mostly engaged with studies on fiscal and economic theories and policies, as well as advising on issues related to government policy-making.
In the past year, in response to rising levels of private debt, the National Bank of Georgia (NBG) enacted new regulations to curb excessive indebtedness. The impacts of the implemented regulations are as yet unclear but generally the reaction in the private sector has been negative. In this newsletter, a brief overview of the possible implications of these lending regulations are presented.
In Georgia, the average cost of a room1 in a 3-star hotel was 151 GEL per night in August 2019. While the average cost of a room in a 4-star hotel in Georgia was 230 GEL per night and the average cost of a room in a guesthouse2 was 75 GEL per night.
In July 2019, compared to July 2018, hotel prices in Georgia decreased by 6.5%. The prices of 3*, 4*, 5* hotels decreased by 8.7%, while the prices of guestouses decreased by 2.8%. In July 2019, compared to July 2018, the number of international travelers trips in Georgia increased by 5.8%, and among the international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) increased by 1%.
Gender pay gap has become a prominent issue across the world. Indeed, women on average earn 25% less than men in a number of Western countries. This gap has negative effects not only on society as a whole, but also on economic growth. According to McKinsey & Company, achieving gender parity could increase the economy by two digit percentage points.
The World Economic Survey (WES) assesses global economic trends by polling transnational and national organizations worldwide on current economic developments in their respective countries. Its results offer a rapid, up-to-date assessment of the current economic situation internationally. In July 2019, 1,173 economic experts in 116 countries were polled.
The aim of this newsletter is to briefly examine the roots of the gender pay gap in Georgia, to reveal the differences of average wage in various sectors, distributions of labour force according to gender and hourly wages for males and females. Due to data limitations, only the wages of hired employees are considered.
In Georgia, the average cost of a room in a 3-star hotel was 148 GEL per night in July 2019. While the average cost of a room in a 4-star hotel in Georgia was 224 GEL per night and the average cost of a room in a guesthouse was 73 GEL per night.
The average cost of a room in a 5-star hotel in Georgia in July 2019 was 482 GEL per night. In Tbilisi, the average price was 588 GEL, followed by Adjara – 453 GEL, and Kakheti - 399 GEL and Samstkhe-Javakheti - 380 GEL.
In the third quarter of 2019, Georgian economic climate has worsened rapidly. In this period, Georgian economists assessed Georgia’s present economic situation negatively; Moreover, the assessment of present economic situation in this quarter has deteriorated compared to both the previous quarter (Q2) of 2019 and the same time last year (Q3 of 2018). In the third quarter of 2019, Georgia’s economic situation in the next six months has also been assessed negatively by Georgian economists. In this quarter, expectations in six months has worsened compared to both, the second quarter of 2019 and the third quarter of 2018.
In Georgia, the average cost of a room in a 3-star hotel was 137 GEL per night in June 2019. While the average cost of a room in a 4-star hotel in Georgia was 232 GEL per night and the average cost of a room in a guesthouse was 76 GEL per night. The average cost of a room in a 5-star hotel in Georgia in June 2019 was 448 GEL per night. In Tbilisi, the average price was 618 GEL, followed by Samstkhe-Javakheti - 417 GEL, Adjara – 384 GEL, and Kakheti - 369 GEL.