In comparison with 2013, current year began with better economic indicators. In particular, high growth rate was observed in January, February and March – with 7,4 percent quarter average. However, April saw a decrease to 2,7 percent.
One of the factors that ensured
“The Eurasian Customs Union in the framework of Eurasian Economic Development” – the name of this union mainly has an economic connotation to it. However, everyone agrees that its main goal is political. Spheres of competence of the union prove this argument:
Everyone demands something from the state budget: pensioners – increased pensions, public sector employees – higher salaries, socially needed – adequate social assistance, everyone else – free healthcare, education, etc. Not many of them realize that there is no
We often hear pre-election promises of various political parties that envisage increasing pensions to equal the subsistence minimum. Such promises enjoy a positive reaction from society, however the necessity of a pension reform in the country is underestimated and is
During the planning process of the state budget, a 6% real economic growth was predicted; however the civil society and political circles are questioning the feasibility of achieving 6% growth rate and performance of the planned budgetary revenues.
According to the
It has been 20 years since the country’s independence, but 70% of the land in Georgia is still unregistered; fragmented land parcels impose another problem to the individuals, thus hinders their commercialization process; the land market in the country
Elite corruption directly affects the economic development of a country. There are a number of studies, including publications by the World Bank, which prove the interdependence between the size of the unobserved economy and corruption in a country. Moreover,
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 … Read more