![](https://iset-pi.ge/site_images/date.png)
Despite spectacular growth performance during the past several years (averaging more than 6% since 2005), Georgia remains a poor country. In 2011, Georgia’s GDP per capita reached USD 3,215, just below the average for small island states in the Pacific and just above Guatemala.
![](https://iset-pi.ge/site_images/date.png)
Located only 800m from the South Ossetian border, the village of Kvemo Nikozi was swept by the invading Russian troops in August 2008.
![](https://iset-pi.ge/site_images/date.png)
The history of Georgian tea began in 1897 when Lao Cheng Zhao came from China to the imperial estate in the village of Chakvi.
![](https://iset-pi.ge/site_images/date.png)
The scars of the 2008 global financial crisis and the festering wounds of the ongoing European debt crisis seem to have obscured one simple textbook truth.
![](https://iset-pi.ge/site_images/date.png)
We economists tend to search for economics behind everything. It's as if it is some kind of disease, for which there is no cure. I admit, I myself suffer from it.