We are pleased to announce that our CEO and Chairman, Aleksi Aleksishvili, has been selected as the Vice President-Elect of Programs of the International Consortium on Governmental Financial Management (ICGFM). The ICGFM is a leading global public financial management (PFM) member-based organization, uniting government entities, international financial institutions, consulting companies, professional associations, university departments, and high-level financial management professionals all devoted to improving financial management.
“It is a great honor and pleasure to be selected as the Vice President- Elect of Programs of the ICGFM and to have an opportunity to be part of this platform dedicated to improving financial management by providing opportunities for professional development and information exchange. We, at PMCG, have accumulated a diverse portfolio in PFM, while working with countries in transition in different regions and continue to support states worldwide to develop policy frameworks and procedures for modern PFM systems,” said Mr. Aleksishvili.
For 15 years, PMCG has been contributing to enhancing accountability, transparency, and good governance at the international level, supporting states worldwide to develop modern PFM systems built on advanced methodologies and innovative approaches, based on modern information and communication technologies, thereby enabling sustainable, efficient, effective, and transparent management of public finances.
Mr. Aleksishvili in particular has accumulated exceptional knowledge of public finance and development challenges. Indeed, he has 20 years of sound experience, working in public finance and economic development policy as a high-level government official and adviser. Specifically, he is one of the leading architects of crucial reforms in Georgia, having served the country as Minister of Economic Development (2004-2005) and Minister of Finance (2005-2007). He has also advised numerous governments of countries such as Albania, Mongolia, Kosovo, Mozambique, Iraq, Liberia, Moldova, Kyrgyzstan, Jordan, and others on enhancing their PFM and business-enabling environments by providing valuable assistance and conveying his specialized experience of a transitional country.
PMCG has been a member of the ICGFM since 2019, an arrangement which has helped us further contribute to our goal of enhancing PFM. We are consistent participants and invited speakers at their semi-annual conferences and events. At the most recent winter symposium, PMCG moderated a panel presentation and discussion on protecting data in the face of evolving cybersecurity threats, gathering leading professionals from the private sector, government, and academia.
Established in 1978 in the USA, the ICGFM is a leading non-profit membership association that is unique in the financial management community. In fact, the ICGFM remains the first "umbrella" organization whose members include government entities, private firms, professional associations, and university departments, as well as individuals devoted to improving financial management. Through advocacy, education, and awareness, the ICGFM promotes best practices in PFM globally.
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.