On 1-2 February, Yaroslava Babych, head of Macroeconomic Policy Research Center participated in an international forum – “The Prospects of Georgia’s Democratic and Economic Development” organized by the Institute for Development of Freedom of Information (IDFI), in partnership with the University of Bremen and with the financial support of the Federal Foreign Office of Germany.
This project implements Hierarchical Linear Modeling and identifies determinant factors for mathematics test results in Georgia.
Currently, the Georgian agricultural sector is characterized by relatively low productivity (by international standards) and its contribution to the GDP of the country is much lower than what it could be, considering that 45%1 of the Georgian labor force is currently employed in agriculture.
When Saint Nino, one of Georgia’s most venerated saints, traveled to Mtskheta back in the fourth century, she stopped to erect a grapevine cross in Foka, a small settlement on the shores of Lake Paravani some 2000 meters above sea level. Saint Nino must have traveled during the summer since, even today, Foka is very difficult to reach for about 6 months of the year. Heaps of snow block all major access roads during the long and cold winter.
The aim of the project by ISET-PI, TNS, and TBC bank was to find out the level of financial literacy in Georgia. 1000 respondents were surveyed in the biggest cities of Georgia. The project is divided in three parts dealing with finance, trust in financial institutions, and financial literacy, in order to investigate Georgian citizens' behavior.