PMCG Policy Paper

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Access to Finance for SMEs: Alternative Sources of Finance in Georgia

Beradze, R.; Khulordava, T. (Policy and Management Consulting Group, 2021-12-30)

This paper explores the alternative financial instruments that are or could become available to Georgian SMEs. Through the examination of various secondary sources and several interviews with relevant stakeholders, the paper identifies obstacles and opportunities in the path toward development of two asset-based instruments (leasing and factoring) and two equity-based instruments (crowdfunding and ...

This paper explores the alternative financial instruments that are or could become available to Georgian SMEs. Through the examination of various secondary sources and several interviews with relevant stakeholders, the paper identifies obstacles and ...
Electricity Market Prices and Georgia’s Energy Security

Pavlenishvili, Levan (Policy and Management Consulting Group, 2021-12-30)

This policy research paper aims to draw attention of stakeholders in Georgia’s energy sector to the issue of prices, their importance in energy security and security of electricity supply. To meet the aim, this work firstly reviews the existing academic and policy literature. Afterwards, the current structure of the wholesale electricity market in Georgia is analyzed to identify different prices and ...

This policy research paper aims to draw attention of stakeholders in Georgia’s energy sector to the issue of prices, their importance in energy security and security of electricity supply. To meet the aim, this work firstly reviews the existing academic ...
Georgia - Fit for the Age of Artificial Intelligence?

Parulava, Giorgi (Policy and Management Consulting Group, 2021-03-07)

Artificial Intelligence (AI) is increasingly becoming a part of our everyday lives. The use of Unmanned Aerial Vehicles (UAVs) was observed in the Nagorno-Karabakh conflict; AI model was developed to diagnose COVID-193. The leader of the Georgian Dream criticized opponents for using deepfake programs to misinform the electorate4 during the 2020 parliamentary election campaign. AI offers tremendous ...

Artificial Intelligence (AI) is increasingly becoming a part of our everyday lives. The use of Unmanned Aerial Vehicles (UAVs) was observed in the Nagorno-Karabakh conflict; AI model was developed to diagnose COVID-193. The leader of the Georgian Dream ...
Economic Analysis of Georgia’s Free Trade Agreements with EU and China

Mgebrishvili, Mikheil (Policy and Management Consulting Group, 2020-07-07)

It’s been five years after DCFTA was implemented and two years have passed since FTA with China. It is interesting to conduct ex-post analysis to find out how these FTAs affected Georgia’s economy. Goal of ex-post analysis will be to determine what qualitative and quantitative impacts are observed after Georgia signed DCFTA and FTA with China, on macro and sectoral levels. Also, the research paper ...

It’s been five years after DCFTA was implemented and two years have passed since FTA with China. It is interesting to conduct ex-post analysis to find out how these FTAs affected Georgia’s economy. Goal of ex-post analysis will be to determine what ...