ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Oct
22

No Country for Wheat Trucks?!

About two months ago, the Georgian government announced the introduction of restrictions on wheat imports and their transit by road transport. However, this idea was soon abandoned in the wake of a concerted backlash from a number of stakeholders (including small-scale wheat importers, truck drivers, and flour-milling plants that use road-imported wheat). The culmination of the subsequent protests saw one truck driver scale the roof of the building of Revenue Service’s customs clearance zone, pour gasoline and threaten to set himself on fire. In response...
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May
07

Georgia’s Economy Grows, Agriculture Shrinks: What Should We Do?

Since 2012, when the political party Georgian Dream took leadership of the country’s governance, economic [real] growth reached its highest rate in 2017 (5.0%). The drivers of this growth were construction (11.2%), hotels and restaurants (11.2%) and the financial sector (9.2%). However, a few sectors of the economy declined in 2017, and one was agriculture (-2.7%). Experts on this sector agree that 2017 was a “bad year” for Georgia’s agriculture. Winter lasted longer and spring frost damaged fruit plantations. This was followed by some periods of drought...
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Simon Appleby
The growth in the construction industry is largely driven by foreign investment, both equity and debt, and supplemented by locally... Read More
Monday, 07 May 2018 10:10 AM
Pati
Thanks, Simon!Nobody should question the importance of FDI for Georgian agriculture. What we should question, however, is the tran... Read More
Tuesday, 22 May 2018 3:03 PM
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Apr
07

Blockchains for Agriculture: The Future is Unwritten

  Blockchain technology became a huge story last year due to the hype over cryptocurrencies such as Bitcoin and Etherium. Banks and other financial institutions are rushing to adopt blockchain technology. Nowadays, about 15% of financial institutions use blockchain technology to secure and validate transactions. IBM was the one of the first companies that saw the potential of blockchain use and encouraged startups related to the concept. While blockchain technology is mainly associated with the use of cryptocurrencies, the concept can be implemented...
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Eric Livny
Salome, you should read this https://www.kp.ru/daily/26388/3266046/. I laughed and cried at the same time. This Shlyapnikov guy mu... Read More
Tuesday, 10 April 2018 4:04 PM
Eric Livny
На чем-то Шляпникова надо было поймать. Поймали на очередной шутке - на якобы деньгах, «колионах» (от названия села Колионово), ко... Read More
Tuesday, 10 April 2018 4:04 PM
Salome Deisadze
That is so true, Eric. Georgian farmers mainly conduct transactions in cash. In this regard, blockchains might contribute to recor... Read More
Tuesday, 10 April 2018 4:04 PM
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Feb
26

Organic Is The New Black!

  Year by year, interest in the organic market is increasing all over the world. According to STATISTA, worldwide sales of organic food quintupled in the 21st century (18 billion USD in 2000, versus 90 billion USD in 2016), while, according to TechSci Research, the total worth of the market is projected to grow at a compound annual growth rate (CAGR) of 16.15% during the period 2017-2022. In fact, in some developed countries, the growth of supply of organic foods cannot keep up with the growth of demand (OCA, 2018), as the transition from conventio...
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Jan
22

Is the Georgian Beef Market Becoming More Western?

*  This article below summarizes the observations and recommendations of the Georgian Ministry of "Meet the Meat Demand" study  funded by the French Ministry of finance, implemented by France Génétique Elevage and executed by the International Technical Cooperation Bureau of the French livestock organizations (BCTI). When visiting Georgia, the son of a French farmer may feel like cows are invading the countryside. They seem to be everywhere, roaming in little herds, cows, heifers and calves all together, searching for every blade of grass ...
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Guest — Yulia
Hi! I have found your article very useful and I am very curious and would like to read the above-mentioned study of Meet the Meat ... Read More
Thursday, 08 February 2018 11:11 AM
Guest — Irakli
Dear Yulia, thanks for your comment and interest. We will ask the owners of that study if it is possible to share with you.
Friday, 09 February 2018 7:07 AM
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Dec
25

Is Less, More? On “Usakhelauri” Wine

  This summer I bought a small piece of land (0.15ha) in the village of Okhureshi to grow a vineyard. About 700 “Usakhelauri” vine seedlings planted on that land in November this year will soon provide the most scarce and expensive grapes in Georgia. In just in a couple of years the vines will mature, and I will enjoy something as nice as the neighboring vineyard depicted in the photo. NO NAME… Usakhelauri is an ancient red-wine grape variety unique to Georgia. The grapes are cultivated in just a couple of villages in the Lechkhumi region (West Geor...
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Florian Biermann
Lets hope that somebody is willing to pay such extraordinarily high prices for the wine you grow!
Wednesday, 03 January 2018 3:03 PM
Guest — giaruouballantines
All my life I’ve avoided Europe and it’s multitudes of terribleness, but it turns out, much to my surprise there is actually one p... Read More
Tuesday, 13 November 2018 5:05 AM
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