Georgia improves by five ranks in the Prosperity Index
04 December, 2018
Georgia improves by five ranks in the Prosperity Index
In the overall Prosperity Index rankings, Georgia has climbed by 5 positions from 85 to 80 when compared to last year. As such, Georgia is the best performing country in the CIS zone. Since the Prosperity Index began in 2006, Georgia has moved up the rankings table by 18 places. This year, Georgia performs best on governance, which takes into account the effective governance, democracy and political participation, and rule of law, as well as on education, thus, the access and
quality of education. By contrast, Georgia scores lowest on the social capital pillar that looks into the strength of personal relationships, social network support, social norms, and civic participation in a country.

geotv.ge
Georgia’s Prosperity Index ranking among the nine pillars , the more right, the better, photo courtesy: The Legatum Prosperity Index 2018

Although Eastern Europe is overall one of the strongest risers this year, the CIS zone performs poorest compared to the other three zones that belong to Eastern Europe. Georgia, Azerbaijan, Armenia, Ukraine, Moldavia, Belarus, Ukraine, and Russia perform worst in all categories, except of education. The primary issue within those countries is the significant deficit of institutional foundations.

Governments in this zone are largely totalitarian, preventing good governance and restricting important freedoms. For example, both Azerbaijan and Russia have the worst possible score for political rights, and four countries score in the bottom 50 for the World Bank’s rule of law measure. There are also severe government restrictions on practicing religion.

geotv.ge
Ranking of the CIS zone countries that are part of Eastern Europe photo courtesy: The Legatum Prosperity Index 2018

In addition, all countries score extremely low on measures of social tolerance. For measures of perceived tolerance towards ethnic minorities, LGBT individuals, and immigrants, the best global rank for any country in this zone is 98th out of 149 in total.

Since 2007 the London-based think-tank ‘The Legatum Institute’ has evaluated each year the so called Prosperity Index. The index describes the conditions required for prosperity, which is defined by nine pillars: Economic quality, business environment, governance, personal freedom, social capital, safety and security, education, health, and the natural environment. By using data for 149 countries over eleven years, the Prosperity Index tracks the journeys made by countries towards or away from prosperity.

Source: The Legatum Prosperity Index 2018

Related stories:

Doing business in Georgia has become easier than in America

The two sides of Georgia

Exclusive interview with Lincoln Mitchell, American political analyst and Georgia expert

Print
Other Stories
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
The New York Times: Bitcoin declines but Georgia still bet on it
The New York Times has recently published an article about reasons, challenges and causes of generating Bitcoin in the former Soviet country Georgia.
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
Biblusi opens first shop for tourists - Georgian
The largest book shop in Georgia Biblusi opens the first shop specially designated to the needs and interests of tourists and named it Georgian.
The future is bright for electric cars in Georgia
The numerous hybrid cars in the streets of Tbilisi cannot be overlooked. Entrepreneur Sulkhan Gvalia calls them “pagers”, referring to the predecessor of mobile phones.
Georgia’s fight against the big tiny enemy – Asian Parosana
It’s a tiny creature, but the harm it did to the Georgian agriculture sector was and still is immense.
New cable route: from Kobi to Gudauri in 15 minutes
On the 15th of December, cable transport is scheduled to be opened connecting Kobi and Gudauri.
Tourist boom in Gudauri – majority of hotels are booked by foreigners
Gudauri is among the most popular winter resorts in Georgia.
Medical tourism increases in Georgia
In the last 9 months, Georgia was visited by 19 500 foreigners for medical and recovery purposes.
Doing business in Georgia has become easier than in America
According to the Doing Business 2019 report published by the World Bank, Georgia ranked 6th among 190 countries in terms of simplicity of doing business. This was an improvement over two ranks compared to last year.
Problems that foreigners frequently face in Georgia
The importance of Georgia as a tourism hub is growing year after year.
Tbilisi TV Broadcasting Tower – Better than the Eiffel Tower?
It is planned to renovate the Tbilisi TV Broadcasting Tower, one of the landmarks in the capital.
Georgian Fusion Menu by The Biltmore Hotel Tbilisi
5,895,914 international visitors have visited Georgia between January and August of 2018. Compared to the previous year the number has increased by 12.2 per cent.
Advertising of gambling and lucrative games may become banned in Georgia
Advertising of gambling and lucrative games may become banned in Georgia. Those who violate the new rule would be fined GEL 10 000.
Lebanese café-lounge Beirut opens in Tbilisi
What is necessary to organize an unforgettable event? – Fun, emotions, lots of surprises, good music and delicious menu.
Georgia second among the fastest growing tourist destinations in Europe
Georgia is among the fastest growing tourist destinations in Europe. The data is published by the UN World Tourism Organization.
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
21.03.2019
22.03.2019
USD
1
USD
2.6816
2.6793
EUR
1
EUR
3.0439
3.0515
GBP
1
GBP
3.5499
3.5182
RUB
100
RUB
4.1689
4.2031
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.6793
EUR
1
EUR
3.0515
GBP
1
GBP
3.5182
RUB
100
RUB
4.2031
March 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31