On Thursday, February 15, ISET hosted Dr. Vytautas Kuokštis, an Associate Professor at Vilnius University and the Institute of International Relations and Political Science. Dr. Kuokštis gave a presentation entitled “The Political Economy of Internal Adjustment in the Baltics in 2008-10 in the Light of Models of Currency Crises”.

This presentation was focused on the Baltic countries' experience during the Global Recession in 2008-10, and how the nations reacted. The global financial crisis hit the Baltic States much harder than other countries in the EU: Estonia, Latvia and Lithuania all faced a very deep economic downturn, with many outside observers predicting they would devalue and/or default; in other words, they these countries would fail to implement the strategy of internal devaluation/adjustment.

On February 12, the Private Sector Development Research Center (PSDRC) at ISET-PI organized a certificate award ceremony for Competition Agency staff who attended an advanced STATA training course provided by the center.

Sophiko Skhirtladze, the head of the PSDRC, who led the training course, together with Eric Livny, President of ISET and ISET-PI, and Nodar Khaduri, Chairman of the Competition Agency of Goergia, greeted the participants and awarded them their well-deserved certificates.

The two-week training course took place between January 29 and February 9, and was organized within a “Competition Agency Support” project, financed by the EU and conducted by ISET-PI staff.

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