Education in Georgia is essentially the responsibility of the public sector (the vast majority of total enrolmentin the case of General education) and has received a lot of attention in recent years with public outlays to the sector tripling between 2010 and 2019 to reach 3.6 percent of GDP. This remains low by OECD standards, however: OECD countries spend on
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Volski: “The ministers’ salaries have decreased significantly as compared to 2012. The
The FINANCIAL -- GALT & TAGGART has accepted the offer to issue two-years long bonds of MFO CRYSTAL, worth of 15 million GEL. The annual coupon rate on the mentioned bonds was set at 4% over the refinancing rate.
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Volski: “The ministers’ salaries have decreased significantly as compared to 2012. The total administrative expenses to GDP ratio has decreased.” VS Nika Melia: “Administrative expenses have increased by GEL 685 million since your coming to The FINANCIAL -- Verdict: FactCheck concludes that
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The FINANCIAL -- The average cost of cooking one standard Imeretian Khachapuri in the second month of 2019 decreased to 3.54 GEL, 2.2% lower month-on-month (in comparison to the previous month), and 3.5% lower year-on-year (compared to the same month of last
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The FINANCIAL -- The following blog article was conceived of within the deliberations of a project, together with UNFPA, related to the cost assessment of potential changes to the leave policies of working parents. Admittedly, like the majority of the population, I
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The FINANCIAL -- According to a nationally representative sample of 341 Georgians interviewed in late February 2019, the Consumer Confidence Index (CCI) dropped by 1.7 index points, from -17.5 in January to -19.2 in February. This dip was driven by the Present
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The FINANCIAL -- Winter has always been a problem for the Georgian electricity system. Even though Georgia has plenty of hydropower, during this season several HPPs—seasonal and small—either stop or substantially reduce electricity generation. In this season, a significant share of hydropower
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The FINANCIAL -- The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.54 GEL in February 2019. This is 2.2% lower MoM (compared to January 2019), and 3.5% lower YoY (in comparison to February of 2018). The index
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The FINANCIAL -- ECONOMY -- Inflation was 2.2% y/y and 1.3% m/m in January 2019. Annual CPI inflation was 2.2% in January 2019 up from 1.5% in previous month, according to Geostat.
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The FINANCIAL -- The cost of cooking one standard Imeretian khachapuri in November 2018 averaged at 3.62 GEL, which is around 0.8% higher compared to October 2018 (month-on-month), and 2.2% lower in comparison to the previous year (November 2017).
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