ISET Economist Blog

25 February 2017

Olga Azhgibetseva

Law Can’t Buy Me Love… To The National Currency

Beginning in July 2017, if an entrepreneur offers and/or advertises property and/or service for sale in the territory of Georgia, the price of the property/service shall be expressed solely in GEL. According to the bill, failure to abide by the new law when denominating the price will lead to a warning, while a repeated offense will lead to a penalty of 1000 GEL. Each subsequent offense will be subject to a penalty of 5000 GEL.

20 February 2017

Giorgi Mzhavanadze

Price and Prejudice on the Georgian Market for Cigarettes

It is a truth universally acknowledged, that cigarettes are bad for human health. Yet, whenever the government tries to regulate the consumption of cigarettes by increasing their price, it gets a very mixed reaction from the public. Some people (mostly non-smokers) welcome these policies, while others accuse the government of being greedy and proclaim the policies ineffective. Who is right and who is wrong in this debate? Let’s take a closer look at the facts.

18 February 2017

Maka Chitanava

Marriage: Till Death Do Us Part(?)

Marriage is a phenomenon strongly intertwined within our culture and everyday life. It is almost a “must do” thing in Georgian traditional society, and it has to be approved either by religious authority or by the state, or both. A recent study about Georgian youth entitled “Generation in Transition, Youth Study Georgia – 2016” by Friedrich-Ebert Stiftung, shows the 14-29 age cohort’s perceptions, awareness, and approaches towards marriage.

13 February 2017

Florian Biermann, Victor Kipiani

Modern Quagmire and Georgia's Trump Card?

“The fundamental problem for Georgian security is that Russia holds all the major cards and no one is reshuffling the deck in Georgia’s favor”, writes Neil MacFarlane in his 2016 article on Georgia’s security situation. Georgia has a mighty neighbor that is not democratic, does not respect the right of self-determination of nations, and, most importantly, actually brings its military power to bear whenever Russian (legitimate or illegitimate) interests are not sufficiently honored.

11 February 2017

Salome Gelashvili

Is Lari Hitting Our Dinner Tables?

“The Arab Spring was a revolution of the hungry.” As stated by The Boston Globe’s journalist Thanassis Cambanis in his 2011 article claiming that in countries where access to food was an issue, “hitting the dinner table” is not a good idea. In order to demonstrate the importance of food prices, he went even further and reminded his readers that when food price inflation in Egypt reached almost 19%, the president of the country had to resign.

06 February 2017

Sophiko Skhirtladze, Irakli Shalikashvili

Failure is Always an Option! Or is it?

“The type of failure we’re talking about is like how frogs lay 20,000 eggs so a few wind up as adults sitting on a lily pad sucking down mosquito dinners” is how the author of the recent Newsweek article describes the rate of failure it takes to breed a handful of unicorns-tech startups valued at more than $1 billion.

ISET Economist Blog

A blog about economics in the South Caucasus financed within the institutional grant by the Government of Sweden.