Green economy (European Green deal) is one of the main strategies implemented by the European Union (EU). Authors analyzing the trends of green economy in EU. Green economy Lithuania is one of the most important topics of research too. Green Economy in Europe will encourage the creation and development of environmentally friendly business, innovation, production, and health care. It will be an economic phase of a whole new quality that will require a new generation of leadership skills, while also having the potential to be the beginning of a new society and a new perception of welfare. The importance and relevance of the topic lies in identifying the reasons that led to the stagnation of the agricultural sector and demonstrating new opportunities that will create possibilities for sustainable development in the context of organic agriculture. The article also attempts to compare the current situation in agriculture in Georgia and Lithuania in terms of bioeconomic development and growth in the export potential of bioproducts. In the article used the research methods like scientific abstraction, comparison of information, generalization, analysis, and synthesis were also used. The empirical basis of the research is the official information of the National Statistics Office of Georgia, the normative acts of the Government of Georgia and scientific publications. These methods enabled us to study the economic events and their interaction. The article concludes that one of the alternative directions for the growth of the agrarian economy is to promote the development of the bioeconomy in Georgia, for which it is advisable to accelerate the development of agricultural infrastructure, privatize state lands with the condition of developing biological farms and prepare a regulatory framework that will stimulate the production and export of biological products.

No abstract

Georgian economy is facing many challenges, including the high degree dependency of the consumer market on the import and inflation caused by the depreciation of the national currency. Such situation has become permanent and has acquired the function of hidden tax burden, which significantly delays the development of the real economic sector of the region. The aim of the research is to identify the influence of inflationary tax on the regional economy and their connection with monetary policy, to analyse the inflationary targeting mechanism, to identify the specifics of anti-inflation regulation and the role of the National Bank in the process of price stabilization. Theoretical and empirical methods used in the article reveal that correlation between national currency depreciation against USD and inflation has established. The article highlighted that despite the monetary policy of the National Bank being implemented in the mode of inflation targeting and undergoing in the terms of a floating exchange rate, the inflationary pressures caused by the depreciation of the national currency continues to be, particularly, on the goods of the primary consumption. Bloomberg Electronic Trading System in order to determine the exchange rate doesn't not function properly in the country. To ensure sustainable development of the economy, the National Bank should considerably improve the mechanism of exchange rate determination through the Bloomberg Electronic Trading System, and in order to reduce dependency on imports, it is crucial to elaborate mechanisms to develop and stimulate the production process based on the local resources.

At the current stage of development of the Georgian economy and in conditions of existing resources, only the agriculture sector can contribute to the reduction of high levels of poverty and unemployment in the country. Improper assessment of the role and importance of the sector, lack of programmes based on scientific research, inconsistent reforms led to the low competitiveness of Georgian agricultural production and the prevalence of imported products on the internal market. The aim of this paper is to assess the impact of tax reform on the development of the agriculture sector in Georgia, and to compare it with Latvia, as it has been implemented in both countries based on Estonian experience. It is substantiated by means of theoretical and empirical methods applied in the article, that the land reform, implemented in Georgia before the profit tax reform, as well as financing of certain projects in the sector, was carried out without proper analysis and assessment of expected risks. The research concludes that for the development of agriculture sector of Georgia, it is especially important, at the first stage, to elaborate and implement mechanisms of protection of internal market, develop the existing infrastructure, promote cooperative enterprises, extend tax benefits to all spheres of activities of agricultural cooperatives, commence the process of structural diversification and modernization of the sector, and overcome the obstacles existing on external markets.