Geostat recently updated its preliminary estimate of real GDP growth for the first and second quarters of 2018. The Q1 and Q2 GDP growth estimates were revised downward to 5.2% and 5.6%, respectively. The third quarter estimates so far remained unchanged.

On December 6-7, ISET’s Pati Mamardashvili traveled to the UK to hold a presentation at the School of Natural and Environmental Sciences at Newcastle University.

On Thursday, December 6, the Deputy Head of the Agricultural Policy Research Center (APRC) Irakli [Rati] Kochlamazashvili, presented the ‘Georgia’s Beef Market Review’ at the kick-off workshop of the USDA funded Georgia Food for Progress (GFP) project on Livestock Sector Development in Georgia.

On December 5, ISET organized yet another informational tour for its BA students. This time students visited the FRIXX factory, during which they were introduced to the technical operations and business strategy of the company. They were welcomed by Giorgi Darakhvelidze, General Manager, and Mariam Gabatashvili, Commercial Manager, who gave them a factory tour and showed them how FRIXX potato chips are made.

Did you know what Georgia produces most and what the share of its production worldwide is? Wine and copper seem the obvious answers – but these would be wrong. The answer is, in fact, cryptocurrency: 15% of all Bitcoins in the world are mined in Georgia, perhaps a disproportionate figure given the country’s small size.