The International Consortium on Governmental Financial Management (ICGFM), a leading global public financial management (PFM) organization uniting government entities, institutions, professional associations, university departments and high-level financial management professionals devoted to improving financial management, has organized a virtual training symposium entitled “Managing Through Crisis: COVID-19 and Governance,” which will take place on February 9-10. As part of the symposium, Mr. Aleksi Aleksishvili, CEO and Chairman at PMCG, will moderate the panel entitled “Budgeting in Uncertain Times,” which will bring together panelists from North America, Africa, the Caucasus, and the Balkans.
Clearly, 2021 brings significant uncertainty in terms of government revenues and expenditures, as they are forced to make decisions with less information regarding the needs and resources of tomorrow. Correspondingly, as part of this panel, Ms. Shelby Kerns, Executive Director of the National Association of State Budget Officers from the USA, Ms. Sonya Roopnauth, Director of the Office of the Budget at the Agency of the Ministry of Finance of Guyana, Mr. Elmazi Salvador, Director of the Budget Department of the Ministry of Finance of Kosovo, and Ms. Ekaterine Guntsadze, Head of the Budget Department of the Ministry of Finance of Georgia, will discuss the uncertainty in government revenues and expenses in their respective countries. They will debate the expectations of stakeholders in 2021 and beyond, areas that are protected by policy or law, mechanisms to increase flexibility to address changing situations with governance and oversight, as well as areas of opportunity to strengthen governance and service delivery. In addition, the attendees will have an opportunity to ask panelists relevant questions.
This symposium brings together more than 20 leading PFM experts from all over the world in order to examine the tools to help countries to plan for complex crises, to optimize public value through risk management, to combat fraud risks during the pandemic, to counter the depletion of digital technologies to support resilient PFM, and to ensure effective PFM for sustainable public finances in a post-Covid-19 world.
The event will be held over two mornings (EST USA) and will be available online post-event for 30 days for registrants to view and listen. Sessions will be translated in French and Spanish. In addition, CPEs are also available.
To attend the event, register here
On September 9, we presented the findings of the research entitled “Investment and Export Promotion via Diagonal Cumulation between Georgia, Türkiye, and the European Union” at a forum organized by the Ministry of Economy and Sustainable Development of Georgia with the support of the USAID Economic Security Program, the EU, and GIZ.
We recently started working on a new project entitled “Communal Infrastructure for Environment and Tourism Improvement - Lot 2: Accompanying Measures,” aimed at improving the living conditions of people in four Georgian municipalities (Baghdati, Vani, Samtredia, and Kazbegi) through improving the supply of hygienically-sound drinking water and environmentally-safe sanitation infrastructure.
We recently completed a project entitled “Executive Roundtable (ERT) Session on Non-Profit Budgeting Process,” carried out by the USAID HICD Activity and implemented by the Kaizen, Tetra Tech company, aiming to facilitate collaboration, collective learning, and organizational development in the non-profit budgeting process with a cohort of selected organizations, including the Georgian Young Lawyers Association (GYLA), the Georgian Institute of Politics (GIP), and the Georgian Association of Social Workers (GASW).
On September 19-23, the International Consortium on Governmental Financial Management (ICGFM) is hosting the 2022 International Conference at the University Club of Washington DC, offering the first opportunity in over two years for the global PFM community to gather in-person to network and connect with leading professionals and colleagues from across the world, in a unique and distinguished setting.
On July 28, PMCG supported a workshop organized by the EU and the Ministry of Environmental Protection and Agriculture of Georgia as part of the project “Support to Environmental Protection and Fight Against Climate Change in Georgia.”
In November 2025, hotel price index in Georgia decreased by 5.9% month-over-month (MoM), with the largest declines in Guria, Tbilisi, and Samtskhe-Javakheti. In November 2025, hotel price index in Georgia decreased by 4.2% year-over-year (YoY), with the largest declines in Imereti, Kakheti, and Samegrelo-Zemo Svaneti. The average price of a room ranged from 101 GEL to 390 GEL in November 2025.
In October 2025, the number of persons receiving a salary increased by 1.9% month-over-month and by 2.6% year-over-year. In October 2025, vacancies published on Jobs.ge decreased month-over-month by 12.2% and by 2.1% year-over-year. The number of vacancies in IT and programming category increased the most both year-over-year (+54.8%) and month-over-month (+5.0%) in October 2025. In Q3 2025, compared to Q2 2025, labor market expanded, as seasonally adjusted job opening rate increased and unemployment rate decreased, while labor market efficiency remained unchanged.
In October 2025, hotel price index in Georgia decreased by 9.6% month-over-month (MoM), with the largest declines in Adjara,Guria, and Kakheti. In October 2025, hotel price index in Georgia decreased by 2.3% year-over-year(YoY), with the largest declines in Mtskheta-Mtianeti, Samegrelo-ZemoSvaneti, and Kakheti. The average price of a room ranged from 100 GEL to 442 GEL in October 2025.
In September 2025, the number of people receiving a monthly salary increasedby 4.9%month-over-month and by 2.6% year-over-year. The total number of vacancies published on Jobs.ge increased month-over-month (+20.0%) and year-over-year (+4.7%). Over the past three months, the number of vacancies on Jobs.gein logistics declined by 4.5%, while those in management fell by 4.4% compared to the same period in 2024.
The Business Association of Georgia (BAG) Index is a joint product of the Business Association of Georgia, PMC Research Center, and the ifo Institute for Economic Research. The BAG Index summarizes the BAG Business Climate, BAG Employment Barometer, and BAG Investment Environment, which are calculated according to the assessments of the top managers of BAG member businesses and companies in their corporate group. BAG and PMC Research Center publish the BAG Index on a quarterly basis from Q4 2019.
• In September 2025, hotel price index in Georgia decreased by 9.2% month-over-month (MoM), with the largest declines in Guria, Adjara and Samtskhe-Javakheti. • In September 2025, hotel price index in Georgia decreased by 1.8% year-over-year (YoY), with the largest declines in Adjara, Tbilisi and Kakheti. • The average price of a room ranged from 111 GEL to 440 GEL in September 2025.
In August 2025, the number of persons receiving a monthly salary declined by 5.7% month-over-month but rose by 2.6% year-over-year. In August 2025, the share of employees earning 2,400 GEL or more fell to 33.1%, while the share earning up to 600 GEL rose to 13.5%, month-over-month. Vacancies published on Jobs.ge decreased month-over-month by 11.0% and increased by 3.0% year-over-year.
In July 2025, the number of persons receiving a salary of 2,400 GEL or more exceeded the number of persons receiving a salary between 1,200 and 2,399 GEL. In July 2025, the highest growth in the number of vacancies on jobs.ge was recorded in IT and programming category, both month-over-month (+11.1%) and year-over-year (+26.8%). In Q2 of 2025, compared to Q1 2025, the efficiency of the labor market remained unchanged, as neither the job openings rate nor the unemployment rate showed a statistically significant change.
• In August 2025, hotel price index in Georgia increased by 3.5% month-over-month (MoM), with the highest growth recorded in Guria, Adjara and Racha. • In August 2025, hotel price index in Georgia increased by 1.1% year-over-year (YoY), with the highest growth recorded in Samtskhe-Javakheti, Shida Kartli and Racha. • Both MoM and YoY growth was mainly driven by rising guesthouse prices in August 2025• The average price of a room ranged from 119 GEL to 553 GEL in August 2025.
In June 2025, the number of persons receiving a monthly salary increased by 0.5% month-over-month (MoM) and by 3.4% year-over-year (YoY). In June 2025, the share of persons receiving a monthly salary of 2,400 GEL or more amounted to 32.8%, up 0.9 percentage points MoM and 6.6 percentage points YoY. In June 2025, the number of jobs published on Jobs.ge increased by 6.4% MoM but decreased by 1.0% YoY.