In 2016 reform to levy profit tax was carried out in Georgia to accelerate economic growth in the country, create a favorable environment for starting business and production, and tax administration. The reform envisaged transferring into the Estonian model of levying profit tax, resulting in levying enterprises with taxes during profit distribution.
In August 2019, Georgian power plants generated 1,020 mln. kWh of electricity. This represents a 3.6% increase in total generation, compared to the previous year (in August 2018, the total generation was 985 mln. kWh). The increase in generation on a yearly basis comes from the increase in wind (+9%) and hydro power generation (+6%), more than offsetting the decrease in thermal power generation (-8%).
A warm welcome back to all returning students, faculty, researchers, and staff. Special greetings to our new students who will henceforth be part of our strong academic and professional community. Also, warm welcome to our new and continuing international students and international faculty. We wholeheartedly offer ISET to be your home and family, as is Georgian and ISET tradition.
Engineers at Buffalo University (NY) have recently designed a new system that will help to cool buildings in a crowded metropolitan city without consuming electricity. The new method is known as radiative or passive cooling because it does not require batteries or other sources of electricity to initiate cooling.
Director of ISET Dr. Tamar Sulukhia, accompanied by Dr. Phatima Mamardashvili (APRC) and Dr. Yaroslava Babych (MPRC), took part in the 4th CAREC Think Tanks Development Forum – entitled “Trading for Shared Prosperity” – in Xi’an, Shanxi Province, People’s Republic of China.