20
November
2017
Nikoloz M., 65, from the Imeretian village of Jikhaishi, invested around 15,000 GEL into his 8.5 ha hazelnut orchard in 2012, hoping that one day his initiative would turn into a profitable business. Nikoloz was on his way to success up until this year, before the stink bug, or Asian pharosana, as Georgians call it, appeared in his orchard. While Nikoloz expected to harvest 800 kg – 1000 kg of hazelnuts per ha, the stink bug infestation reduced his harvest by 30-35%, resulting in a loss of more than 1,000 GEL per ha.
17
November
2017
Georgia’s real GDP growth rate in Q3 reached 4.4% year-on-year, putting the country on the path to achieving 4.7% annual growth in 2017. Export, tourism and money transfer trends were behind the strong showing in Quarter 3. Supply side pressures will keep inflation above the 4% target in 2017.
14
November
2017
ISET Professor Norberto Pignatti was invited by the Leibnitz Institute for East and Southeast European Studies in Regensburg to present his paper, ‘Job market outcomes of IDPs: the case of Georgia’.
10
November
2017
On Friday, November 10, the National Bank of Georgia held a meeting with second-year students of ISET’s MA Programme. During the meeting, the students were introduced to the structure of the National Bank, its main objectives, and responsibilities.
08
November
2017
For several consecutive years, we have been observing a seasonal spike in Consumer Confidence Index (CCI) coinciding in time with young wine festivals (rtveli) and post-harvest euphoria in rural Georgia. Not this year. In September 2017, CCI lost 2.6 points, going down from -16.4 to -19. Both CCI components, the present situation, and expectations indices declined, by 3.4 and 1.9 points, respectively.
