ISET

A researcher of the Private Sector Development Policy Research Centre, Olga Azhgibetseva, attended a three- week intensive training program in Sweden.

Around 60 participants from five countries (Albania, Georgia, Kosovo, Moldova and Ukraine) attended the course. Each country was represented by a group of professionals consisted of businessmen or people serving in top positions in their organizations, which were a mix of business support organizations, ministries, chambers or research and policy centers. Georgia was the largest group with 13 participants.

The Private Sector Growth strategies training program included the following modules:

Betsy’s Hotel is an establishment accustomed to hosting a wide variety of patrons from across the world. However, the gathering of mid-level and senior representatives from public, private and non-profit organizations to be awarded certificates for completing a course funded by Japan Tobacco International Georgia and run by the ISET Policy Institute is certainly unique even for a hotel with such a habitually diverse clientele.

The training program, entitled ‘Leaders in Development’, was devised for policy makers, analysts and executives from both the public and private sectors, and highlighted the importance of understanding economic concepts for professional and national development. The program's ten modules focused on the implications of government regulations for Georgian businesses across a broad range of policy areas: from taxation and tax administration to food safety and environmental standards.

On June 10, in cooperation with G4G USAID, ISET Policy Institute completed a 3-day workshop on Competition Policy. Eleven participants from the State Competition Agency, the Taxpayers Union (TPU), Georgian Lawyers for Independent Professions (GLIP) and ISET all attended the event.

The workshop was led by Anastasia Shepetova, who holds a PhD in competition policy from the Toulouse School of Economics. Currently, she works at MAPP Economics – a consultancy based in Paris and Brussels offering microeconomic analysis services with a focus on competition issues. MAPP has been ranked as the best antitrust economics consultancy in France by the specialized journal Décideurs – Stratégie, Finance, Droit, for five years in a row since 2010.

On June 15, 2016, ISET held a press-conference to discuss recent economic indicators of Georgia. In the second quarter of 2016, the two most important economic barometers of consumer and business sentiment in Georgia – the Business Confidence Index (BCI) and the Consumer Confidence Index (CCI) continued to steadily improve.
In terms of business sentiment, the second quarter increase in the index was mostly driven by a significant improvement in actual business performance. Q2 results extend the rally in business expectations which was triggered by the appointment of Giorgi Kvirikasvhili as Georgian PM (see, BCI Q1, 2016).

Overall, the BCI gained 10 points (on a [-100/100 scale]) compared to Q1 2016. The expectations of the private sector in Georgia improved and reached 46 index points (up from 38 points in Q1). Business performance over the past three months increased significantly and became positive, rising from -0.7 to 19.7, indicating a rise in production/turnover/sales. The performance of the past three months alongside improved expectations thus maintained the overall BCI at a stable, optimistic level and trend.

ISET Policy Institute in cooperation with Japan Tabacco International (JTI) Georgia launched a free-of-charge training program “Leaders in Development” for policy makers, analysts, mid-level and executives. Opening session held on May 24th, welcomed the first cohort of 31 senior professionals and decision makers coming from more than 15 public, private and non-profit organizations, including: The Ministry of Economy and Sustainable Development and the Ministry of Education of Georgia, Tbilisi City Hall, JSC Procredit Bank Georgia, JSC MFO Swiss Capital, Transparency International Georgia and Konrad Adenauer Foundation South Caucasus.
10 week long training program is structured around the most important elements of economic understanding. The program covers how markets work in an open economy, how businesses succeed and fail, why should we worry about inflation, external disbalances, unemployment, what hinders economic growth, how to justify policy decisions (especially in situations where no answer is objectively correct), etc.

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