
Based on February data from three open bazaars in Tbilisi, the average cost of cooking one standard portion of Imeretian khachapuri stood at GEL3.47. Someone opting for the convenience of shopping in one of Tbilisi’s major supermarket chains, such as Carrefour, Fresco, Spar, or Goodwill, paid 4.40GEL (representing a premium of about 28%) for cooking exactly the same khachapuri.

Using the panel data on the German and Ukrainian labor markets, Prof. Pignatti and his co-authors Thomas Dohmen (University of Bonn, Maastricht University, IZA and DIW, Berlin) and Hartmut Lehmann (University of Bologna, IZA and DIW, Berlin) show that risk attitudes have permanent (exogenous) determinants that are valid at different stages of economic development and in different structural contexts.

We have recently updated the GDP series (the dependent variable in our model), using the revised GDP growth rates available from Geostat. Based on the November data, the forecast for GDP growth in the fourth quarter of 2015 now stands at 3.4%. This is 0.1 percentage points lower than in the previous vintage of the forecast.

ISET is happy to announce that Giorgi Nozadze was promoted to a new position at the Ministry of Agriculture of Georgia (MoA). Giorgi graduated from ISET with the class of 2011. He started his professional career working in the risk management department of a commercial bank. In the summer of 2012 he was employed by the National Statistics Office of Georgia (GeoStat) as a database analyst.

The concept of food security (FS) is holistic and brings together the notions of the availability of sufficient amounts of food, access to food, food utilization (including nutrition aspects) and stability in the food supply.