ISET

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.

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.

ISET President Eric Livny and head of the Private Sector Development Policy Center Sophiko Skhirtladze, held a training session for the staffers of the European Integration, Economic Affairs and other Committees of the Georgian Parliament regarding the Deep and Comprehensive Free Trade Agreement (DCFTA) with the European Union.

The objective of the training was to present and discuss key messages from the policy paper “DCFTA – Risks and Opportunities for Georgia” prepared by ISET-PI and published by the Open Society Georgia Foundation within the project “Raising support and enhancing understanding of the Europeanization process in Georgia: information and communication campaign on EU-Georgia Association Agreement, including DCFTA”. The project was supported by the Romanian Ministry of Foreign Affairs through its Official Development Assistance Policy.

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.

ISET is pleased to welcome its new employee Gigla Mikautadze in the capacity of Deputy Head of the Private Sector Development Research Centre. His responsibilities include leading the centre in studying and formulating effective policy options for strengthening the private sector and promoting market competitiveness. In addition, he will work to promote the engagement of the private sector in policy discussions, as well as assist the research centre in its goal to increase the capacity of the private and the public sector in development.
Mr. Mikautadze is a director and co-founder of the Taxpayers Union of Georgia and a columnist at Forbes Georgia. He is also pursuing his Ph.D. at the Free University of Georgia. He holds a Master’s degree in Economic and Social Studies from University of Trier, Germany (2010), and his most recent post was at the Ministry of Agriculture of Georgia, where he was involved as a consultant in several projects of PMCG and TBSC Consulting.

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