In the year of elections, any piece of economic analysis is usually seasoned with a hefty dose of caution. Every analyst is aware of the fact that the incumbents will be too eager to oversell the ‘good’, while the opposition will pound on the ‘bad’. Weary of taking sides in political battles, economists usually switch on their primary defense mechanism: they start relying (heavily) on the annoying “on the one hand”, “on the other hand” kinds of phrases. I am of course referring to Georgia in the year 2016.

Supported by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Chamber of Commerce and Industry for Munich and Upper Bavaria, and working in partnership with the Georgian Chamber of Commerce and Industry (GCCI), this project aims at strengthening entrepreneurship education in Georgian Vocational Education and Training (VET) institutions.

ISET Policy Institute (ISET-PI), as a part of the ENPARD project (under the CARE consortium), is involved in the collection and analysis of the market price information of agricultural products around Georgia. ISET-PI, in co-operation with the Ministry of Agriculture of Georgia (MoA) and the Food and Agriculture Organization of the United Nations (FAO), organized training for representatives from the MoA’s Information and Consultation Centers (ICC).

ISET students Ana Akoposhvili and Ketevan Melkadze came second place in the Mariam Kutelia Research Grant competition. They took part during their internship at a USAID-funded project, Restoring Efficiency to Agricultural Production. The purpose of the competition was to write proposals on how to improve the current state of the Georgian agricultural sector. The ISET students were awarded another paid internship at the Agricultural Policy Research Center (APRC) between April 15 and June 15.

The Georgian Business Confidence Index (BCI) continues to improve. Unlike last quarter, the second-quarter increase in the index was mostly driven by a significant improvement in performance rather than in business expectations, which kept rising albeit at a marginal pace.