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Ifo World Economic Survey (Third Quarter of 2017)

04-Dec-2017

Ifo World Economic Survey (Third Quarter of 2017)

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 f...

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Trainings Conducted as part of the “Civil Society Organizations Supporting Free Trade with Europe” Project

14-Nov-2017

Trainings Conducted as part of the “Civil Society Organizations Supporting Free Trade with Europe” Project

In September and October 2017, PMC Research Center conducted trainings and stakeholder meetings about value chain analysis methods in seven regions of Georgia. More specifically, the trainings were carried out for civil society organizations (CSOs) in Kakheti, Kvemo Kar...

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Supporting Georgian National Communication Commission to Advance its Business Processes

11-Oct-2017

Supporting Georgian National Communication Commission to Advance its Business Processes

PMCG has started assisting the Georgian National Communication Commission (GNCC) to improve its business processes, under the USAID HICD 2020 Activity. For the GNCC, it is vital to have well-structured business processes to be able to fulfil its mandate, which incl...

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Reviewing Anaklia Deep Sea Port Baseline Action Plan

10-Oct-2017

Reviewing Anaklia Deep Sea Port Baseline Action Plan

PMCG, together with Antea Netherlands, recently started working on a project designed to study the Baseline Contamination Rectification Commitment Action Plan of Anaklia Deep Sea Port (ADSP) before giving it their seal of approval. Before the construction of Anakli...

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Product Selection for Value Chain Analysis Discussed in Adjara

29-Sep-2017

Product Selection for Value Chain Analysis Discussed in Adjara

On September 23, PMC Research hosted a working meeting to discuss and select the most valuable agricultural product for Adjara in order to conduct a value chain analysis (VCA), as part of the European Commission (EC) project “Regional Civil Society Organizations as Vect...

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PMCG Gathers EU Project Teams for Networking Event

27-Sep-2017

PMCG Gathers EU Project Teams for Networking Event

On September 22, PMCG staged a networking event, hosting Team Leaders and Deputy Team Leaders from all EU-funded projects in Georgia in which PMCG is a partner. In addition, representatives of the State Minister’s Office on European and Euro-Atlantic Integration (OSMEEA...

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Supervising Construction and Rehabilitation of Water Supply and Sewerage Systems in Georgian Towns

22-Sep-2017

Supervising Construction and Rehabilitation of Water Supply and Sewerage Systems in Georgian Towns

 PMCG, together with Hill International and Temelsu launched the Asian Development Bank (ADB) project, to supervise construction and rehabilitation works of water supply and sewerage systems in three Georgian towns – Bolnisi, Chiatura and Marneuli.The project team ...

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PMCG Consultant Shares Performance Improvement Experience at ISPI-EMEA 16th Annual Conference, Bologna, Italy

20-Sep-2017

PMCG Consultant Shares Performance Improvement Experience at ISPI-EMEA 16th Annual Conference, Bologna, Italy

Vano Tavadze, PMCG’s Senior Consultant in Institutional Capacity Building and Monitoring and Evaluation, participated in the International Society for Performance Improvement (ISPI)-EMEA 16th Annual Conference – Reshape Ecosystems, Re-Imagine Organizations, Reinvent Per...

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New Project to Support Rural Development in Khulo

19-Sep-2017

New Project to Support Rural Development in Khulo

 On September 15, the European Union launched a new development project entitled “Promotion of Rural Development and Diversification in Khulo Municipality”. The project is being implemented by Caritas Czech Republic in Georgia (CCRG) together with PMC Research...

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PMCG’s CEO Shares Expertise at 10th International Local Economic Development Forum

14-Sep-2017

PMCG’s CEO Shares Expertise at 10th International Local Economic Development Forum

On September 13, PMCG’s Chairman and CEO, Aleksi Aleksishvili, delivered a presentation to the 10th International Local Economic Development Forum (LED), organized by Tbilisi City Hall in cooperation with international organizations, including the Asian Development Bank...

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PUBLICATIONS

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99: Tourism- January-September, 2017

13-Nov-2017

99: Tourism- January-September, 2017

  In 2017, compared to the corresponding period of 2016: • In the first three quarters, the number of tourists increased by 29%; in the third quarter, the proportion of tourists making up total international travelers reached its peak at 52.1%.• In the first three quarters...

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98: Development of the Agricultural Sector- January-June, 2017

07-Sep-2017

98: Development of the Agricultural Sector- January-June, 2017

  In the agricultural sector: In the last eight years, total production output has fluctuated between 7.8% and10.3% of gross domestic product In the first quarter of 2017, foreign direct investment amounted to negative US$0.3 mln In the first half of 2017, the volume o...

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97: Remittances - January-June, 2017

26-Jul-2017

97: Remittances - January-June, 2017

  In the first half of 2017: Remittance inflows to Georgia amounted to $629 Mln Remittance outflows from Georgia amounted to $96.3 Mln Inflow from Russian Federation, United States, Italy, Greece, Israel, and Turkey amounts to 81% of total remittance inflows to Georgia...

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Ifo World Economic Survey (Third Quarter of 2017)

04-Dec-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

 

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