The objective of this study was to assess the economy wide indirect benefits of investments in the East West Highway (EWH). This study has used a computable general equilibrium (CGE) model, which simulates indirect benefits associated with the completion of the upgraded road corridor.

On Friday, June 5th, ISET hosted Mr. Rezo Vashakidze, the founder of Chirina Ltd, by far the largest Georgian producer of poultry products (sold under the BiuBiu brand), a Greenfield investment worth more than 80 mln USD. The main topic of Mr. Vashakidze’s presentation was entrepreneurship in Georgia (as well as Azerbaijan and Armenia).

ISET is proud to announce that on Wednesday, May 28th, 2015 Lasha Labadze, Deputy Director of ISET Policy Institute, defended his Ph.D. thesis at Tbilisi State University, Faculty of Economics and Business. Lasha Labadze is the first ISET alumna who graduated from the TSU Ph.D. program in economics. His paper titled “Modeling effects of an investment in Georgian Agricultural Sector” was supervised by TSU Professor Eteri Kharaishvili, Head of Microeconomics Department.

ISET Policy Institute uses innovating approach to provide an analytical foundation to assess the indirect economic benefits of continued donor investment in the EWH corridor. ISET Policy Institute was contracted by the World Bank to assess the indirect economic benefits of the East-West Highway.

Foreign direct investment (FDI) is critical to every developing county, and Georgia is no exception in this regard. Georgia wants to grow out of poverty and catch up with the economically more developed regions of the world – for this to happen, foreign resources are needed, in particular, if the domestic savings rate is as low as in Georgia.