ISET Economist Blog

A blog about economics in the South Caucasus by ISET

When Carrefour Corners Your Corner Store

In the last few decades, large supermarkets (referring to all modern retail, which includes chain stores of various formats such as hypermarkets, convenience and neighborhood stores) have changed the retail business landscape in many countries through larger store formats, more shelf space, an increased variety of goods and services, and extensive marketing strategies. The so-called “supermarket revolution” has been underway in developing countries since the early 1990s, and supermarkets have now gone well beyond their initial upper and middle class cust...
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Simon Appleby
Well done Irakli on a very comprehensive analysis and some thought-provoking suggestions.In countries that have had a significant ... Read More
Monday, 13 March 2017 3:03 PM
Irakli Shalikashvili
Thanks Simon for your comment. I would also like to add that in Tbilisi trading experience has got a long time period history. So... Read More
Tuesday, 14 March 2017 7:07 AM
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Deposit Insurance – a New Reality for Georgia

More than three years ago the ISET Economist blog discussed the idea of deposit insurance and how this idea may apply to Georgia. Today, the deposit insurance scheme is not merely an abstract idea, but a fast approaching reality. Recently, the Ministry of Finance of Georgia discussed a draft law on implementing the deposit insurance system in the country. According to the draft, all bank deposits in Georgia will be insured for up 5,000 GEL.  The deposit insurance program comes at a cost for banks. Each commercial bank will be obliged to pa...
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Florian Biermann
The article looks at international experiences and draws conclusions for Georgia, missing the fact that due to its geostrategical ... Read More
Sunday, 15 May 2016 8:08 AM
Simon Appleby
We went through this in Hong Kong about a decade ago. In the absence of deposit guarantees, but with rather conservative lending p... Read More
Sunday, 15 May 2016 3:03 PM
Guest — Akaki
I dont think that implementing the deposit insurance system will substantially contribute to financial stability in Georgia. The c... Read More
Monday, 16 May 2016 5:05 PM
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Elites That don’t Compete

The Six Nations Championship is an annual rugby competition featuring an exclusive club of European nations: England, France, Ireland, Italy, Scotland, and Wales. The Six Nations Championship is considered the “elite” rugby tournament of the Northern Hemisphere, matched only by another international “elite” tournament, simply called The Rugby Championship. The Rugby Championship is played out in another closed group, made up of Argentina, Australia, New Zealand, and South Africa, all belonging to the Southern Hemisphere.  These are the elite rugby l...
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Guest — Givi
Dear Florian,A very well-argued and relevant article indeed considering the recent public interest in the U.S. regarding the outra... Read More
Wednesday, 21 October 2015 9:09 PM
Eric Livny
An excellent comment, Givi! The top CEOs are fiercely competitive by their very nature. Money is certainly important for them, but... Read More
Thursday, 22 October 2015 9:09 PM
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