Georgia’s growth performance since independence has gone through extremes, from an unprecedented -44.9 percent in 1992 to 12.3 percent in 2007. Although growth rates temporarily fell in the aftermath of the Russian-Georgian war and the world financial crisis they have since then recovered to 7 percent in 2011

ISET-PI played a relatively minor role in this project, supporting a consortium consisting of Ecorys (Netherlands) and CASE (Poland). The study was commissioned by the European Commission (DG Trade). The Georgian component of the study identified considerable compliance costs related to the EU-required phyto and veterinary controls, reflected in higher prices for meat and meat products, and an increase in EU meat exports to Georgia. These findings were reported to the Georgian Prime Minister’s office and to the consortium members.

ISET-PI played a relatively minor role in this project, supporting a consortium consisting of Ecorys (Netherlands) and CASE (Poland). The study was commissioned by the European Commission (DG Trade). The Georgian component of the study identified considerable compliance costs related to the EU-required phyto and veterinary controls, reflected in higher prices for meat and meat products, and an increase in EU meat exports to Georgia. These findings were reported to the Georgian Prime Minister’s office and to the consortium members.

Cash remittances sent home by thousands of Armenians working in Russia and other countries increased by more than 23 percent in the first 10 months of this year compared to 2010, RFE/RL's Armenian Service reports.

A fascinating mountain region at the border to Chechnya, Khevsureti is quite isolated. According to a 2006 report by the Regional Environmental Centre for the Caucasus, annual household incomes in the Shatili district of Khevsureti are: 70-80 kg of melted butter, half of which is family consumed and half sold. Income is 175 – 200 Euro.