When Ukrainian President Victor Yanukovich decided not to sign the association agreement with the European Union and instead opted for a Russian package of long-term economic support, many Ukrainians perceived this not to be a purely economic decision. Rather, they feared this to be a renunciation of Western cultural and political values, and – to put it mildly – were not happy about this development.

The study analyzed the sheep and sheep products value chains in Georgia, identified main constraints in the chains and gave recommendations for their further development. In March 2014, Heifer Georgia launched its “Comprehensive study on the Georgian sheep value chain” project

On March 12 ISET hosted a presentation by Jean-Marc Stavroulakis, Country Finance Manager of Carrefour Georgia, and Petr Dlouhy, Merchandise Manager of the Fresh Division of Carrefour. The main points of the presentation were Carrefour’s market strategy to overcome existing socio-economic obstacles to the development of effective value chains in the Georgian agricultural sector for 2014.

“It is an honor for me to be standing here, at ISET, in the best school of economics in the region” – with these words, Nodar Khaduri, the Minister of Finance of Georgia, started his presentation on March 10, 2014.

Assume you have lent your brother 1000 laris, and because he is a close family member, you do not charge interest from him. One day you get a phone call from your brother, and he offers you to pay back the debt either today or one year from now. What would you choose? If you act in line with standard economic theory, you would choose to get the money back today.