ISET

On February 12th, ISET hosted Dr. Andrea Ciani from Bocconi University, who presented his job market paper "Export Quality Upgrading under Credit Constraints".

The speaker began his presentation with a simple example that he used to explain his research paper. The Italian furniture company Kartell is famous for the production of plastic chairs. However, for export purposes, the firm decided to improve the quality of its product and started to produce chairs made from a mix of plastic and expensive materials, such as as silver, gold and even platinum. However, quality upgrades require investment. In many cases, companies have to take credits from local banks for this purposes.

On November 20, 2014 Dr. Sergei Chobanyan professor of ISET and Georgian Technical University, Senior Scientist at the Niko Muskhelishvili Institute of Computational Mathematics of Georgian Technical University, held a presentation “On the Volume Calendar Planning Problem” at the ISET Conference Hall.

Dr. Sergei Chobanyan together with his colleagues from Niko Muskhelishvili Institute applied their theoretical results on the best rearrangement of summands to the following problem:The annual production plan of an enterprise consists of n items characterized by d-dimensional vectors. The group of researchers contributed to the development of stated problem, both fundamental and applied.

 

By Giorgi Bregadze

From a statistical point of view, he tourism industry in Georgia in 2013 can be characterized as a period of further growth. In 2013, the number of international arrivals grew by 22%, overstepping the five million mark for the first time. The five-millionth international visitor was even awarded a prize to stress the importance of the event. The high growth rate in tourism was also highlighted by international organizations. According to the World Tourism Organization's report, "UNWTO World Tourism Barometer" (December, 2013), the increase in the number of international arrivals in Georgia was rated as the highest in Europe in 2013.

On November 14, 2014 ISET hosted the conference organized by CASE (Center for Social and Economic Research, Warsaw). Conference summarized the results of the research project “Transfer of Know-How for Small and Mid-Size Businesses in Georgia”.

Experts from the Czech Republic, Elina Valerie Lunova (Ministry of Industry and Trade (MPO), Czech Republic) and Alena Zemplinerova (CEVRO Institute and Anglo-American University Prague) presented proposed activities for SME support in Georgia, based knowledge and experience accumulated during the transition of Czech economy into a market economy as well as from the accession of the Czech Republic to the European Union.

On May 22, ISET hosted Mamuka Khazaradze, Chairman of the Supervisory Board of TBC Bank, who talked about the story of his success in business, particularly the establishment of TBC (Tbilisi Business Center) Bank in Georgia.

He started his presentation by talking about his early years when, despite being young without enough experience in business or skills in diplomatic negotiations, he had a huge desire to develop his own business and to help his family financially. Mr. Khazaradze made his first real money selling cans of beer. At the time, this was a new product for post-Soviet countries and the demand was enormous. He managed to find some suppliers and made his first big deal by reselling cans of beer in St. Petersburg.

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