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NEWS

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New Simplified Financial Reporting Standard for MSMEs

05-Jul-2018

New Simplified Financial Reporting Standard for MSMEs

On June 26, the newly simplified Financial Reporting Standard for Category IV-Entities was adopted with the goal to improve the quality and transparency of corporate financial statements, according to the decree of the Head of Service for Accounting, Reporting and Audit...

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Discussing How to Fight Corruption in Armenia

04-Jul-2018

Discussing How to Fight Corruption in Armenia

On June 29, Mr. David Lezhava, Public Policy Sector Director at PMCG, participated in a conference entitled “The anti-corruption policies and measures”, which was co-hosted by the Embassy of the Republic of Bulgaria and the EU Delegation to Armenia. Mr. Lezhava’s presen...

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Study to Identify Challenges for SMEs Seeking Access to Finance

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 facing SMEs with a particular focus on access to finance in Georgia.On June 21, Goga Khishtovani, Director at PMC Research, p...

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

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 support dialogue between farmers and state bodies, a crucial aspect in the development of Georgia’s agricultural sector. Giorgi Khishtovani, Director at PMC Research, prese...

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Welcoming Our New Public Policy Sector Director

20-Jun-2018

Welcoming Our New Public Policy Sector Director

We are delighted to welcome David Lezhava to our team, as our new Public Policy Sector Director. Mr. Lezhava brings with him 20 years of sound experience in the fields of public finance and economic development, regional development, social policy and energy policy...

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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

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

At the beginning of June, PMC Research hosted three public discussions and presentations in Marneuli, Mtskheta and Misaktsieli about the value chain analyses of three agricultural products, namely broccoli, tangerines and raspberries. The studies into these product...

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Discussing Georgia’s Sectoral Integration with the EU at 15th Batumi International Conference

16-Jun-2018

Discussing Georgia’s Sectoral Integration with the EU at 15th Batumi International Conference

On June 15, PMCG’s CEO and Chairman Aleksi Aleksishvili participated in the 15th Batumi International Conference “Georgia’s European Way.”Giorgi Margvelashvili, President of Georgia, Mikheil Janelidze, Vice Prime Minister and Minister of Foreign Affairs of Georgia, Irak...

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Hosting Networking Lunch with UK Trade Mission to Georgia

06-Jun-2018

Hosting Networking Lunch with UK Trade Mission to Georgia

On June 4, we hosted a networking lunch with the UK’s trade mission to Georgia.The meeting served as an excellent opportunity for public and private institutions from Georgia and the UK to meet, establish connections and discuss possible collaboration. The trade mission...

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Discussing Role of Digitalization and Economic Reforms in Good Governance at OSCE Regional Ministerial Conference

04-Jun-2018

Discussing Role of Digitalization and Economic Reforms in Good Governance at OSCE Regional Ministerial Conference

On May 30, PMCG’s Chairman and CEO, Aleksi Aleksishvili, delivered a presentation to the OSCE Regional Ministerial Conference – “Good Governance and Economic Connectivity – best practices within the OSCE Region” - in Ashgabat, Turkmenistan.Aleksishvili discussed ways to...

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Introducing Environmentally Friendly Communal Infrastructure in Mtskheta-Mtianeti Region

22-May-2018

Introducing Environmentally Friendly Communal Infrastructure in Mtskheta-Mtianeti Region

We are working with the United Water Supply Company of Georgia (UWSCG) to introduce environmentally friendly communal infrastructure in the Mtskheta-Mtianeti region of Georgia. PMCG, as part of a consortium led by P2M Berlin, is collaborating with the UWSCG to improve c...

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PUBLICATIONS

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Issue 104: External Factors Affecting the Value of Georgian…

10-Jul-2018

Issue 104: External Factors Affecting the Value of Georgian Lari Exchange Rate

For the period of 2014 to 2017, in every first quarter of each year compared to the first quarter of the previous year, the nominal exchange rate of the Georgian Lari (GEL) against the US Dollar (USD) depreciated. This trend stopped this year though as in the first quarter of 201...

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Issue 103: Gross Domestic Product, 2017

28-May-2018

Issue 103: Gross Domestic Product, 2017

According to preliminary data, the Georgian economy is characterized by a 5.0% growth in 2017, which is the highest annual real growth rate for the country since 2012. A trend analysis of GDP is useful in comprehending the indicator relative to previous years. Furthermore, a sect...

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Issue 102: Higher and Vocational Education, 2013-2017

03-May-2018

Issue 102: Higher and Vocational Education, 2013-2017

High-quality education is one of the main determinants of economic growth. According to the “Government Program 2016-2020”, education is one of the main priorities for the Government of Georgia. Since 2013, the allocated budget of the Ministry of Education and Sciences of Georgia...

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Mayors for Economic Growth

02-Jan-2017
Start Date:
January, 2017
End Date: December, 2020
Region: Eastern Europe
Country: Moldova, Ukraine, Belarus, Georgia, Armenia, Azerbaijan
Client:

Governments of Eastern Partnership Countries

Origin of Funding:

European Commission






 

 




Project Description:

 

The objective of the project Mayors for Economic Growth (M4EG) is to support the local authorities (LAs) in the Eastern Partnership (EaP) countries to become active facilitators for economic growth and job creation. The project will encourage and support LAs in EaP countries to design and implement Local Economic Development Plans (LEDPs) and strengthen the technical skills and capacities of LAs to implement economic strategies in line with the principles of good governance and sound financial management.

The project team will conduct the following activities:

  • Develop a content-wise concept of M4EG (including methodology for establishing the baseline, template for LEDPs, indicators, monitoring tools, oversight mechanism, etc.)
  • Support the European Commission (EC) and Partner Countries’ (PC) authorities to fine-tune the target definition and process of the M4EG initiative
  • Ensure buying in and ownership of all actors to guarantee the maximum sustainability of M4EG in the region by engaging with various stakeholders, such as LAs associations, business associations, SMEs, education institutions, etc.
  • Establish synergies with Covenant of Mayors (COM) in the field of energy efficiency/climate and other major initiatives
  • Raise awareness of, and promote sign up to and implementation of, the M4EG
  • Assist the cities in the implementation of their LEDPs, thus leading to sustainable economic growth for the municipalities


The central office of the project is established in Tbilisi which functions as a central secretariat for M4EG in the region and covers the countries targeted by this project.

The project will contribute to: partnership of the M4EG members, development of local investment projects, and supporting cities to move to more accountable, transparent and business-oriented local administration systems.

 

Background information:

With the purpose of overcoming a number of obstacles, in order to unlock the development potential of local authorities (LAs), the European Commission reaffirms the importance of LAs in partner countries in achieving development objectives. It therefore proposes more strategic engagement for their empowerment.

On the basis of the outcomes of the “Structured Dialogue on the involvement of Civil Society Organisations (CSOs) and LAs in EU Development Cooperation”, the European Commission Communication Agenda for Change recognises both actors as key players in its two pillars. It calls for strengthened "links with civil society organisations, social partners and LAs, through regular dialogue and use of best practices", in particular to “support the emergence of a local civil society which can effectively contribute to dialogue with public authorities and to oversee public authorities' work", and to “consider ways of mobilising LAs’ expertise, e.g. through networks of excellence or twinning exercises”. It also highlights the value of multi-actor partnerships including public actors, civil society, the private sector and local communities.

EU Urban Agenda, the EaP Municipal Development Flagship and the European Neighbourhood Instrument (ENI) Multiannual Indicative Programme (MIP) 2014-2017 include the development and empowerment of local authorities as a priority. 

In addition, Agreements on a Deep and Comprehensive Free Trade Area (DCFTA) have been concluded with Ukraine, the Republic of Moldova and Georgia as part of the Association Agreements (AAs). It is important to increase the visibility and awareness among the business population of the impact and opportunities deriving from the DCFTA. Though information may be available in the capital cities of these nations, it is less accessible in smaller cities, towns and remote areas. One of the purposes of the Mayors for Economic Growth (M4EG) initiative is also to support municipalities in providing services to companies in cooperation with local BSOs to understand and benefit from the requirements and opportunities deriving from the DCFTA.



Follow the links below for related projects:


Support to the Center for Analysis and Communication of Economic Reforms under the President of the Republic of Azerbaijan in Legislative, Institutional and Economic Reforms in the Fiscal Sector
Support to Policy Dialogue, Coordination and Reforms in Neighbourhood Investment Facility (NIF) Related Sectors in Armenia
Support to Public Finance Policy Reform (PFM)
Partnership for Budget Transparency: Civil Society Oversight of Public Spending



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