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Population of Georgia

The population of Georgia (except for residents living in the occupied territories) is 3,718,200 people by January 1, 2017. 57.2% of the population (2,128,600) live in urban settlement and 42.8% (1,589,600) in rural settlement. The number of male is 1,781,500 (47.9% of the population), while female - 1,936,700 (52.1% of the population).The share of young people (0-14 age group) constitutes 19.5% of the total population, and the share of working-age population (age group of 15-64 years) is 66.1%.

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Sheep and goats: livestock, meat, milk and wool in 2016

Total amount of sheep and goats at the end of 2016 was 936,500 heads. Among them sheep number made up 875,900 heads, goats – 60,600 heads. Among the other regions Kakheti is a leader as per sheep and goats quantity (sheep – 55%, goats – 38,4%). Average price of slaughter meat produced in Georgia was 9.99 GEL/kg at “Fermiskari” in 2016, average consumption price made up 11.85 GEL/kg.

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Markets and Fairs: 2016

Due to results of survey carried out by National Statistics Office of Georgia 211 economic facilities occupied by organizing markets and fairs were functioning in Georgia in 2016, 29,4% of which are placed in Tbilisi, 21,8% - in Imereti, 12,3 % - in Samegrelo-Zemo Svaneti region, 11,4% - in Kakheti region, 8,1% - in Kvemo Kartli, 5,2% - in Adjara, 4,3% - in Shida Kartli, 2,8% - in Samtskhe-Javakheti, 1,9% - in Guria, 1,9% - in Mtskheta-Mtianeti and 0,9% - in Racha-Lechkhumi and Kvemo Svaneti regions.

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DCFTA: Tariffs

The EU and Georgia signed an Association Agreement on 27 June 2014. It has entered into force since 1 July 2016. The agreement introduces a preferential trade regime – the Deep and Comprehensive Free Trade Area (DCFTA). This regime increases market access between the EU and Georgia based on having better-matched regulations. Trade …

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Business Register: by Kind of Economic Activity

Based on the data of September 1, 2017, there are 664,057 registered business entities in Georgia, out of which only 173,629 are active. The economic unit is active if it meets one of the following criterias: Turnover > 0 (VAT, income and other declarations) Number of Employees > 0 (VAT, income …

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Rating: Macroeconomic Environment

Georgia has improved all components included in the Global Competitiveness Index and reflected it in the Macroeconomic Environment. One of the main progress Georgia made from 2012 to 2016 in Macroeconomic Development ranking side was improvement in Government Budget Balance as % of GDP and as a result country took 45th position compared to 87th position. Monetary freedom is part of the index of economic freedom and the development in this field should also be underlined.

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Insurance Market: 2016

There were 14 licensed insurance companies operating in Georgia by the end of 2016. In total, they attracted insurance bonuses in amount of 393,038,614 GEL in 18 different types of insurance (including 60% of the full bonus on the first three ones). According to insurance types, medical insurance has 45% of the market share (76% of the attracted bonus was on the three leading types of insurance. insurance companies reimbursed 231,862,996 GEL during the whole year.

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Insurance Market: 2016

There were 14 licensed insurance companies operating in Georgia by the end of 2016. In total, they attracted insurance bonuses in amount of 393,038,614 GEL in 18 different types of insurance (including 60% of the full bonus on the first three ones). According to insurance types, medical insurance has 45% of the market share (76% of the attracted bonus was on the three leading types of insurance. insurance companies reimbursed 231,862,996 GEL during the whole year.

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Law of Georgia on Construction Aactivities

Law of Georgia on Construction Activities determines legal, organisational and economic characteristics of the relations between the participants in construction activities on the territory of Georgia and establish the mechanism for protection and regulation of norms related to these activities. The goals of the Law shall be: ensuring efficient functioning of the construction …

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Rating: Heritage Foundation – Economic Freedom Index

Economic Freedom Index of Heritage Foundation indicates how government support the economic freedom of private individuals and business. In the economically free countries government promotes labour, capital and commodity in free movement and development. Index is based on 4 components (and 10 sub-components). They are: Supremacy of law (right to …

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