The PMC Research Center (PMC RC) team recently contributed to the Trans European Policy Studies Association’s (TEPSA) publication entitled “European Council Experts' Debrief,” (EUCO Debrief) which focuses on a number of important topics discussed at the European Council, such as security & defense, energy, economic issues, and the European Neighbourhood Policy (ENP).
The EUCO Debrief is a series of policy responses to the regularly-published conclusions of the European Council. Each time the European Council meets for a summit, TEPSA gathers its leading academics to comment on the conclusions, analyze the alliances formed, maintained, and broken, investigate the policy implications of the consensuses reached, and prescribe solutions to move Europe forward.
In this issue, PMC RC, specifically its researchers Elene Panchulidze and Irakli Sirbiladze, focused on the topic of the EU membership applications of Ukraine, Moldova, and Georgia, while Giorgi Tsulaia (Junior Researcher) and Anastasia Chkhenkeli (Research Assistant) discussed the EU’s sanctions imposed on Russia, as well as pondering which other sanctions the EU could apply in the future.
While the European Council has requested that the Commission examine the membership application of Ukraine, Moldova, and Georgia, Panchulidze and Sirbiladze discussed if the EU’s eastern enlargement is a genuine possibility and what the potential geopolitical consequences could be thereof. They also focused on how this could affect its relations with long-standing candidate members, such as those in the Balkans.
“Looking to the future, one possible scenario for the EU is to adopt the Western Balkans toolkit vis-à-vis the three associated states and grant them ‘potential candidate’ status. This would mean the acknowledgement of a clear European perspective, but also sending a signal to the associated partners that candidate status and eventual membership are only possible when EU values are actually shared by those countries. To progress to the next stage, the EU fundamentals of the rule of law, functioning democratic institutions, public administration, and economic reforms must be upheld with the association process still the common framework for relations. While there is no fast-track procedure defined in the treaties, the EU can nevertheless show some flexibility and consider the model of staged accession in response to the ongoing geopolitical developments and the growing number of states in the membership “waiting room”,” noted the authors in their contribution.
As the EU remains ready to close loopholes and target actual and possible circumvention, as well as to move quickly with further sanctions, Tsulaia and Chkhenkeli focused their discussion regarding the EU’s sanctions imposed against Russia on the overview of existing loopholes therein and propose further forms of sanctions.
“While imposing full-scale energy sanctions and fully banning energy imports from Russia to the EU is debatable due to the EU’s high dependency on Russian oil and gas, there is a possibility to strengthen the already-imposed sanctions by lifting energy-related exemptions."
“The decision of whether to expand or not, and in which directions to do so, depends on the exact objective of those sanctions. Since the first sanctions were triggered, they have considerably damaged Russia’s economy and its international reputation. The continuing effectiveness of the sanctions thus depends on the strategy behind them. The imposition of sanctions should thus take into consideration whether this strategy is designed to exhaust the Russian economy so much that it would no longer be able to support the war effort, and whether they will shift public opinion in Russia against its government, or just punish Russia and its citizens without any room for reversibility,” observed Tsulaia and Chkhenkeli.
To read the full paper, please follow the link: “European Council Experts' Debrief”
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 February 2026, the number of persons receiving a salary increased by 10.6% month-over-month and by 3.6% year-over-year. In February 2026, vacancies published on Jobs.ge decreased by 0.5% month-over-month but increased by 14.2% year-over-year. From December 2025 to February 2026, the sales and procurement category contributed the most to the year-over-year increase in vacancies.
In January 2026, the number of salaried employees increased by 2.8% year-over-year and reached 904,967. In January 2026, vacancies published on jobs.ge increased by 4.6% year-over-year. Within this, sales and procurement vacancies increased by 13.4% year-over-year, while IT and programming vacancies decreased by 1.2%. In Q4 2025, compared to Q3 2025, the efficiency of the labor market slightly improved, as the seasonally adjusted job opening rate marginally rose and the unemployment rate decreased.
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 January 2026, hotel price index in Georgia decreased by 0.8% MoM, with the largest decrease observed in Tbilisi, Samtskhe-Javakheti and Racha compared to previous month. In January 2026, hotel price index in Georgia increased by 8.9% YoY, with the largest increase in Samtskhe-Javakheti, Shida Kartli, and Adjara. The average price of a room ranged from 107 GEL to 416 GEL in January 2026.
In December 2025, the number of people receiving a monthly salary increased both month-over-month (+2.8%) and year-over-year (+4.3%). In December 2025, the total number of persons receiving a service fee increased compared to corresponding periods of 2024 (+11.3%) and 2023 (+10.0%). From October to December 2025, the finance and statistics category contributed the most to the increase in vacancies on jobs.ge compared to the same period in the previous year.
The hotel price index increased for 3-, 4-, 5-star hotels and decreased for guesthouses, both on a MoM and YoY basis. In December 2025, hotel price index in Georgia increased by 4.3% MoM, with the largest increase in Mtskheta-Mtianeti, Samtskhe-Javakheti, Tbilisi. In December 2025, hotel price index in Georgia increased by 3.9% YoY, with the largest increase in Samtskhe-Javakheti, Tbilisi, and Adjara.
In November 2025, the number of persons receiving a salary decreased by 0.8% month-over-month and by 1.0% year-over-year. In November 2025, vacancies published on Jobs.ge decreased by 14.9% month-over-month, but increased by 5.0% year-over-year due to a low base effect. From September to November 2025, the category that contributed the most to the year-over-year increase in vacancies was finance and statistics.
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.
From January to October 2025, Georgia’s economy grew by 7.6%. While YoY growth was robust, it was still below the previous year’s pace. Key growth contributors were the ICT and education sectors, accounting for 22.8% and 12.8% of growth, respectively. Services exports and other external inflows supported economic activity, with total FDI increasing by 11.0% YoY and tourism revenues rising by 5.1% YoY.