Black Sea countries, besides their geographical proximity, are very different in political and economic terms, thus forming together a highly heterogeneous region. Meanwhile, regional cooperation is crucial for both the long-term development and prosperity of this region, which has much wider international implications. In this bulletin, we discuss the positions held by Black Sea countries in various ...

A PMCG power point presentation covering economic growth, economic and business climate, state budget 2022 and key macroeconomic indicators in Georgia.

In January 2022, in Georgia the hotel price index3 decreased by 7.2% compared to December 2021. The 3-star, 4-star and 5-star hotel price index decreased by 5.2%, while for guesthouses, the price index decreased by 9.6%. In January 2022, compared to January 2021, hotel prices in Georgia increased by 5.3%. The prices of 3*, 4*, 5* hotels increased by 5.9% and the prices of guesthouses increased by 9.4%.

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 ...

According to the Georgian National Tourism Administration, in 2021 some positive recovery trends has been shown both in terms of revenue from international travel and in the number of international visitors. In particular, the revenue from international travel reached 38% of pre-pandemic (2019) level, while the number of international visitors amounted to 20% of the pre-pandemic level and recorded ...