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Study to Identify Challenges for SMEs Se…

02-Jul-2018

Study to Identify Challenges for SMEs Seeking Access to Finance

PMC Research recently launched a new project entitled “Leveraging SME Finance through Value Chains in Georgia”, designed to study the challenges facin...

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Discussing Opportunities and Challenges …

21-Jun-2018

Discussing Opportunities and Challenges of the EU-Georgia DCFTA at Georgian Farmers Congress

On June 15, PMC Research participated in the Georgian Farmers Congress, an event designed to homeworkforme and support dialogue between farmers and st...

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Value Chain Analysis of Broccoli, Tanger…

19-Jun-2018

Value Chain Analysis of Broccoli, Tangerine, and Raspberry in Georgia and Their Potential on the EU Value Chain Analysis of Broccoli, Tangerines and Raspberries in Georgia and their EU Market Potential

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Options for Railway Infrastructure Devel…

06-Mar-2018

Options for Railway Infrastructure Development in Tbilisi

This study compares the following four alternatives: keeping the status quo (Option 1); the 2009 Tbilisi Railway Bypass Project (Option 2); a city tun...

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Georgia as a Transit Hub and its Increas…

25-Jan-2018

Georgia as a Transit Hub and its Increasing Potential in the Implementation of the Belt and Road Initiative

This paper has identified a clear interconnection between the BRI and Georgia’s economic development strategy in terms of infrastructure development a...

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Armenia-Georgia Trade: Getting Close or …

29-Nov-2016

Armenia-Georgia Trade: Getting Close or Distant?

Armenia’s decision to join the Eurasian Economic Union (EEU) exempted traders from union member countries from paying value added tax (VAT) and excise...

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Hotel Price Index (June, 2018)

12-Jul-2018

Hotel Price Index (June, 2018)

In June 2018, the hotel price index increased by 8.6% compared to May 2018; The 3-star, 4-star and 5-star hotel price index increased by 10.6% in J...

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Hotel Price Index (May, 2018)

15-Jun-2018

Hotel Price Index (May, 2018)

The 3-star, 4-star and 5-star hotel price index increased by 2% in May 2018 compared to April 2018; For guesthouses, the price index decreased by 1...

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Hotel Price Index (April, 2018)

14-May-2018

Hotel Price Index (April, 2018)

The 3-star, 4-star and 5-star hotel price index increased by 3.4% in April 2018, compared to March 2018; The prices for guesthouses increased by 6%...

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04-Dec-2017

Ifo World Economic Survey (Third Quarter of 2017)

IFO


The ifo Institute is one of the leading economic research institutes in Europe, and publishes its World Economic Survey (WES) on a quarterly basis.


The Ifo World Economic Survey is designed to give an accurate picture of the current economic situation and forecasts for important industrial, emerging and developing economies.  


The survey is based on qualitative information, namely the judgments and expectations of experts. Georgia’s economic situation was assessed by asking representatives of the public and private sectors in Georgia on current economic developments.


PMCG is a regional partner of the ifo Institute.


In November 2017, ifo published its World Economic Survey for the third quarter of 2017. In the report, among other countries, Georgia’s current economic situation was assessed and predictions were made.


According to the ifo World Economic Survey (November 2017):

  • The economic climate indicator for Georgia improved compared to the previous quarter;
  • Forecasted GDP growth for 2017 compared to the forecast from the previous quarter increased from 4.2% to 4.9%;
  • The expected inflation rate for 2017 is 5.7%, while for 2022 experts anticipate the inflation rate to be 4.9%;
  • Georgian experts expect short-term interest rates to rise and the Georgian Lari to depreciate in the next six months;
  • Georgian experts expect an increase in both import and export volumes for the next six months and the trade balance is anticipated to improve.


For the full ifo World Economic Survey report use the following link: https://www.cesifo-group.de/DocDL/WES_4_17.pdf