There will always be “winners” and “losers” in a market economy, which entails constant competition between companies for access to limited resources. The loser in this case is a company that is unable to pay its financial obligations on time and thus becomes insolvent.

Digitalization can be defined as the process of change that digital technology causes or influences in all aspects of life. For businesses, it implies digital improvements which alter business models, alongside the way in which products or services are manufactured and delivered.

In the framework of mentorship, on May 18th, ISET Policy Institute met with the Georgian Cold Storage and Logistics Association (GCSLA) to discuss the challenges in the cold storage supply chain in Georgia and explore potential solutions to address these issues.

6-10 May, ISET Policy Institute visited Brussels, Belgium. The purpose of the tour was to foster knowledge exchange, establish connections, and learn from leading think tanks in the field of policy research and development. The delegation included Director Tamar Sulukhia, Deputy Director Teona Khaindrava, Lead Economists Salome Gelashvili and Giorgi Papava, Deputy Head of Practice Davit Keshelava, Head of Communications Sopha Gujabidze, and Head of the Business Development Unit Nino Loladze.

Geostat has released its rapid estimate of real GDP growth for February 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January-February 2023 reached 7.1%.