
Today Georgia is facing an increasing risk of brain drain. In recent years, Georgia has been experiencing a brain drain, with an increasing number of skilled professionals, young workers, and students leaving the country in search of better economic opportunities and stability. Since independence, the outmigration of Georgians has been mostly driven by economic factors – jobs, higher wages, better working conditions, and career advancement opportunities abroad.

This policy brief examines the role of business confidence as a predictor of economic development. It focuses on the impact of recent political instability and economic uncertainty, drawing insights from both Georgian data and international experience.

The political and social turmoil surrounding the 26 October parliamentary elections and their aftermath have significant implications for Georgia's business environment. The prolonged polarization, government-led violence against protesters, and the suspension of EU accession talks create uncertainty that can negatively influence the economic climate in multiple ways.


On Tuesday, 26th November, ISET Policy Institute hosted an insightful seminar by Dr. Christophe Cordonnier, a distinguished international expert in Historical Economics. The event, organized in collaboration with the French Georgian University, took place at ISET in Tbilisi and brought together a diverse audience of academics, students, and professionals.