On the 5th of August, a list of planned legislative amendments for regulating the functioning of the labor market passed their second reading in parliament. These amendments, which are also likely to pass their third and final reading in coming weeks, are expected to improve workers’ protection.
Among the areas expected to see significant changes are:
• maximum number of working hours;
• mandatory weekly rest time;
• breaks between shifts;
• regulation of internships, part-time work, and nightshifts;
• maternity/parental rights;
• mandate and powers of t...
ISET Economist Blog
A blog about economics in the South Caucasus.
Sep
14
Sep
07
Preface: Imagine a Tbilisi where the Mayor rides a municipal bus, a football star passes you on a scooter, and your favorite guitar player locks up his bike at the entrance to a restaurant; not because they don’t have fancy cars (they do!), but because they believe these alternatives are healthier, more environmentally friendly, greener, and more convenient. This really sounds like a European city!
One issue on the tip of everyone’s tongue these days in Tbilisi—along with August holidays and the risks of COVID-19—is the newly-rehabilitated Chavchav...
Jul
17
Since its start, the pandemic has spread to more than 180 countries, with governments around the world each reacting differently to the new global threat. The Oxford COVID-19 Government Response Tracker gauges the strictness of countries’ responses using a stringency index, which compares governmental policies over several dimensions.
It is important to note that a higher index score does not necessarily imply an effective response; alone it simply indicates that a government undertook stricter containment measures.1 Moreover, the stringency index tracks...
Jun
30
On 28 May, Georgia announced its fourth anti-crisis plan, in which the government will subsidize 4 per cent of the interest rate of mortgage loans for five years. The subsidy will be issued for loans not exceeding 200,000 GEL and will only apply to those taking mortgages for the purchase of residential apartments that are newly built or under construction, from 1 June 2020 to 1 January 2021. The state will also ensure the completion of ongoing construction.
Moreover, the state will issue loan guarantees on mortgages to the amount of 20 per cent of their ...
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