The Georgian Business Confidence Index (BCI)* has increased slightly, reaching 28.0 index points, which is a 1.2 index points gain over the previous quarter. Against weakening expectations, the fourth quarter improvement in the BCI was mostly driven by a notable increase in the Past Performance Index.
On November 27, ISET hosted Francois Painchaud, the Resident Representative of the International Monetary Fund (IMF) in Georgia. Mr. Painchaud presented the 2017 October Regional Economic Outlook for the Caucasus and Central Asia (CCA) region, covering the global and regional environment, outlook and policy actions, and policies to help maintain macroeconomic stability and how to secure higher and more inclusive growth.
A pleasant surprise awaited me on my first day as a student of Tbilisi State University’s Business and Economics Faculty. Thanks to my performance on the national admission exam, I was inducted into the so-called “Elite Group,” piloted by TSU in an effort to attract Georgia’s best and brightest. There were 50 of us in the group, mostly from working class families, and none felt like they belonged to any kind of “elite.”
On November 21, around 30 ISET students visited the State Audit Office for educational purposes. Two state auditors (one of whom was a graduate of ISET) gave a series of lectures to the visitors, which was initially intended to be conducted in English, but eventually done in Georgian due to the absence of international students.
Based on a report prepared by international auditors, DQS GmbH issued a three-year quality management Certificate of Conformity with ISO 9001:2015 standard requirements, which focus on improving business management and system performance.