On Friday, March 31, Aleksi Aleksishvili, CEO and Chairman of the board of the Policy and Management Consulting Group (PMCG), awarded need-based scholarships to two first-year students – Mariam Tsulukidze and Zaza Barbakadze. As ISET is a premier graduate education and research institution in the South Caucasus, producing dozens of top-notch young economists every year, PMCG scholarship is a great investment not only in the human capital of Mariam and Zaza, but also in the future of Georgia and the South Caucasus generally.

After the scholarship award ceremony, Mr. Aleksishvili talked about the potential upcoming changes in Georgia’s constitution. He focused on two major topics: the Liberty Act and the Labor Rights, which are important parts of the constitution.

ISET is implementing a new training program, "Economics, Finance and Banking," with VTB Bank. The aim of the program is to introduce VTB Bank's employees to the major principles of economics, finance and banking.

The training program is now being conducted twice a week for 20 employees.

The ten-module training program is structured around the most important elements of economic understanding. The program covers how markets work in an open economy, how the exchange rate is formed, why we should worry about inflation, external disbalances, unemployment, what hinders economic growth, the benefits of free trade agreements, the role of the central bank, how monetary and fiscal tools work, etc. Each topic is based on real-life domestic examples that are the most pressing in Georgia.

On Thursday March 21, ISET hosted the Governor of the National Bank of Georgia (NBG), Mr. Koba Gvenetadze, who delivered a profoundly informative lecture to the ISET Community. Mr. Gvenetadze covered important aspects of long-term development challenges facing the Georgian economy based on the accumulated experience of past development in the country. The main topic of the seminar was a general overview of macroeconomic considerations in Georgia, future perspectives, and coordination between fiscal and monetary policies. The discussion about the recent hike in excise taxes, the “larization” program and de-dollarization measures, has now been enlivened inside the ISET community.

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