The livestock sector plays a significant role in Georgian agriculture, accounting for more than half of total output. Although livestock farming is spread throughout the country, agriculture is dominated by livestock in the mountains, which cover over 50% of Georgian territory. The livestock sector contributed to around 4% of the country’s overall GDP in 2018, and dairy production remains one of the most traditional Georgian agricultural sub-sectors.

On November 20, the study “Mapping of Emerging and Potential Clusters in Georgia” carried out by the ISET Policy Institute in cooperation with local and international partners was presented at the stakeholder forum ‘Promoting a strong and competitive business in Georgia’ organized by the EU and the four UN agencies – UNDP, FAO, UNIDO, and IOM, under their joint effort for the strong and competitive private sector in Georgia.

On November 19, ISET was visited by Mr. Alan Fuchs of the World Bank Group, whose presentation, 'Taxing Tobacco in Georgia: The welfare and distributional gains of quitting smoking’, delved into the welfare and distributional impact of increasing taxes on tobacco in Georgia.

November 15-16 witnessed the largest and most high-profile event of ISET’s year: the first international conference on gender economics entitled ‘Removing Obstacles to Gender Equality and Women’s Economic Empowerment’. The two-day event, hosted by ISET and the FREE Network (the Forum for Research On Eastern Europe and Emerging Economies), attracted academics from 14 countries, including Australia, India, Canada, the countries of the South Caucasus, Eastern and Western Europe.

Recently, GeoStat has released its preliminary estimate of real GDP growth for the third quarter of 2019. The Q3 growth rate now stands at 5.7%, which is 1.4% below ISET-PI’s last forecasted value. As a result, the estimated real GDP growth for the first nine months of 2019 amounted to 5.0%.