ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Jun
19

A Temporary ‘High’? Improvements in Business, Consumer Confidence Should Not Distract Policy-Makers from the Long-Term View

In the year of elections any piece of economic analysis is usually seasoned with a hefty dose of caution. Every analyst is aware of the fact that the incumbents will be too eager to oversell the ‘good’, while the opposition will pound on the ‘bad’. Weary of taking sides in political battles, economists usually switch on their primary defense mechanism: they start relying (heavily) on the annoying “on the one hand”, “on the other hand” kinds of phrases. I am of course referring to Georgia in the year of 2016. What people should keep in mind, however, is t...
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Feb
08

Estonia Inspiring Georgian Reformers

There is a lot of affinity among Estonia and Georgia, two tiny nations for centuries caught between the Russian rock and the German or Ottoman/Persian hard place. Common fate may be, indeed, the reason for Georgia’s topping the list of Estonian development cooperation priorities. Georgia is the largest recipient of Estonia’s bilateral aid, most of which is about sharing the Estonian experience of establishing itself as a new European democracy and a unique place to do business. Uniqueness is a huge asset for small countries trying to carve out their nich...
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Giorgi Vashakidze
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Saturday, 13 February 2016 5:05 AM
Eric Livny
As I found out today, Georgian banks will not be exempt from profit tax in the first few years of the reform. This may be a good t... Read More
Wednesday, 17 February 2016 5:05 PM
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Jan
11

Is winter tourism in Kyrgyz Republic able to reach international level?

Izat Berenaliev, research fellow of the National Institute for Strategic Studies of Kyrgyzstan, analysed whether Kyrgyzstan's winter tourism sector can reach international level in his article "Is winter tourism in the Kyrgyz Republic able to reach international level? published on the website of the NISS.  Current situation In recent years, winter tourism in Kyrgyzstan develops rapidly and becomes much more popular. There are more than 6 ski resorts with chair lifts and several small bases with regular lifts in Kyrgyzstan. Besides them, there are a...
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Dec
20

Give Your Country a Holiday Gift: Buy Small, Buy Local, Buy Georgian!

Once again, Georgians across the country are preparing for the holiday season, making travel plans, crushing walnuts for gozinaki, and buying gifts for their friends and families. Gifts are an important part of celebrating the New Year and Christmas, signifying the importance of friendship and allowing us to treat our loved ones to something to start a brand new year in style. It is therefore no coincidence that November and December are some of the strongest months for purchasing consumer goods in Georgia, not to mention across Europe and America. ...
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Guest — TarielZivzivadze
Wonderful article, especially in terms of showing International Experience. + one more ... kar.ge is a movement, not just a websit... Read More
Tuesday, 22 December 2015 9:09 AM
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Nov
16

Less Bureaucracy Is Good, But Not Good Enough!

“Why do we fall, Bruce? So we can learn to pick ourselves up” – Thomas Wayne to his son (Batman).   The Georgian Government’s pride and joy of the previous years has been its high standing in the World Bank’s Ease of Doing Business index. Investors, policymakers, and economy-watchers around the world have opened editions of magazines like The Economist to see full-page advertisements about why Georgia is ‘different’ among Post-Soviet countries when it comes to doing business. A line such as “Georgia is different because we are the World Bank’s ...
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Eric Livny
A little funny story about Azerbaijan's progress in Doing Business. A few years ago, I was able to benefit from Azerbijan's invest... Read More
Monday, 16 November 2015 12:12 PM
Guest — FadyAsly
Great article! Cannot agree more on the shortfalls of the methodology, in addition to the parameters you mention and that need to ... Read More
Wednesday, 16 November 2016 4:04 AM
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