Better Skills for Better Jobs – Developing Employment and Vocational Education System in Georgia
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 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 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.
We are pleased to announce that we have been shortlisted by the European Bank for Reconstruction and Development (EBRD), as part of a consortium led by HPC AG, to implement its Municipal Infrastructure Programme in the Republic of Tajikistan and the Kyrgyz Republic.Our participation in the programme entails the design of solid waste landfills, preparation of technical specifications for construction materials, and elaboration of tender documents for procurement of works and services. In addition, we will support our clients during evaluation of construction tenders and in drafting tender evaluation reports. We will also administer the implementation of contracts dealing with the supervision of construction works.The Republic of Tajikistan and the Kyrgyz Republic face significant challenges in maintaining and improving their municipal infrastructure. Due to substantial under-investment over the last 20 years in both states, infrastructure has become dilapidated and substantial funding is required for modernization.In response to these challenges, the EBRD has launched its tailor-made Municipal Infrastructure Programme building on a strong track record of supporting infrastructure reforms through well-designed projects combined with providing institutional support to local authorities to support critical investments in different towns, which would otherwise be difficult to finance on a stand-alone basis. As a result of the collaboration foreseen under the programme, water, waste water and solid waste infrastructure is expected to be improved in Tajikistan and the Kyrgyz Republic.
In December 2019, in Georgia the hotel price index3 increased by 9.1% compared to November 2019. The 3-star, 4-star and 5-star hotel price index increased by 6.4%, while for guesthouses, the price index increased by 13.9%.
In the past few years several major regulations were implemented both by the government and the National Bank of Georgia. In this newsletter, possible implications of imposed lending constraints on the private sector are presented.
Publication by our partner Ifo Institute for Economic Research that estimates World Economic Outlook in Emerging Markets and Developing Economies according to 2019 year. This research was prepared by Ifo and was originally published in Ifo World Economic Survey, IV 2019 November, Vol. 18. PMC Research Center is a regional partner of Ifo Institute in South Caucasus.
In Georgia, the average cost of a room in a 3-star hotel was 129 GEL per night in November 2019. While the average cost of a room in a 4-star hotel in Georgia was 202 GEL per night and the average cost of a room in a guesthouse2 was 64 GEL per night.
In November 2019, in Georgia the hotel price index decreased by 6.4% compared to October 2019. The 3-star, 4-star and 5-star hotel price index decreased by 6.0%, while for guesthouses, the price index decreased by 9.4%.
In October 2019, in Georgia the hotel price index3 decreased by 5.9% compared to September 2019. The 3-star, 4-star and 5-star hotel price index decreased by 5.9%, while for guesthouses, the price index decreased by 6.2%.
In Georgia, the average cost of a room1 in a 3-star hotel was 138 GEL per night in October 2019. While the average cost of a room in a 4-star hotel in Georgia was 215 GEL per night and the average cost of a room in a guesthouse2 was 69 GEL per night.
In the fourth quarter of 2019, Georgian economic climate has slightly worsened.In this period, Georgian economists assessed Georgia’s present economic situation positively; Moreover, the assessment of present economic situation in this quarter has improved compared to the third quarter of 2019 and the fourth quarter of 2018.
Tourism is one of the fastest growing sectors in the world. It creates three hundred million jobs and accounts for 10% of global GDP. This bulletin reviews the tourism sectors of countries bordering the Black Sea in the last 6 years. The analysis is centered on the number of visits, dynamics, and the relationship between tourism and economic growth.
In Georgia, the average cost of a room1 in a 3-star hotel was 145 GEL per night in September 2019. While the average cost of a room in a 4-star hotel in Georgia was 227 GEL per night and the average cost of a room in a guesthouse2 was 73 GEL per night.