Irina Guruli is Program Manager at the Economic Policy Research Center. Georgia’s economy is made of two components: the so-called formal sector and the “unobserved” part. In the observed part of Georgian economy, 96 percent of all registered firms are small or medium sized enterprises (SMEs). However, there are many registered firms […]
Irina Guruli is Program Manager at the Economic Policy Research Center. TBILISI, DFWatch–The problem of bad loans gets huge attention nowadays. It has become a headache for all from bank managers to government authorities. Bad loans were basically the driver of the recent world economic downturn. The situation is no different in Georgia. […]
Irina Guruli is Program Manager at the Economic Policy Research Center. Foreign Direct Investment (FDI) inflows to Georgia fell significantly from the second quarter of 2012, closing the year 23% down from 2011. After several years of steady recovery, this is a serious concern for policy makers. Georgia’s domestic capital market is […]
Irina Guruli is program coordinator at the Economic Policy Research Center. Twin deficit is a situation where a country’s economy is running two deficits at the same time: a fiscal deficit, and a deficit on the current account of the balance of payments. According to the twin deficit hypothesis, persistent fiscal shocks cause a deterioration […]
In 2011 inflation can be regarded as one of the major challenges for the Georgian economy, writes Irina Guruli, program coordinator at the Economic Policy Research Center. Even though Georgia has been successful in suppressing the inflationary pressure […]
Social expenses comprised the largest share in the State budget of Georgia in 2011, with 30% of total expenses directed towards this category. Dynamics indicate clearly that the budget is getting more and more burdened by the social obligations, writes Irina Guruli, […]
Remittances constitute 6% of the country’s gross domestic product (GDP) and outweigh the inflows of both grants and FDIs in Georgia, writes Irina Guruli, program coordinator at the Economic Policy Research Center. International remittances are personal flows of money by migrants to family and friends in their countries of origin. With more than 215 million people living [...]
In order to assess the economic condition of a country, economists look at a various number of statistics. Besides the level of real Gross Domestic Product (GDP) that measures the country’s economic output, one statistic that attracts attention from the economists as well as the general public is the unemployment rate in the country. Unemployment imposes [...]
