This year Georgia’s electricity market will have to go through some crucial reforms. The signing of the Association Agreement and Georgia’s accession to the energy community in October 2016 imposed some important obligations on the country to reform its energy markets. For the electricity market, 2018 will be a turning point.

In February 2018, the Khachapuri Index continued its downward trend and dropped to 3.67 GEL. This is 1.2% lower compared to the previous month (January 2018) and 0.3% higher compared to February 2017 (y/y). The main contributors to y/y Khachapuri Index inflation were butter (4.1%), milk (1.7%), and cheese (0.7%), while the price of eggs and wheat dropped (-3.3% and -2.5%, respectively).

Consultants from ISET Policy Institute will assist the team from Research Education Development (RED) Fund working on spatial development plan of Telavi, in socio-economic analysis.

ISET would like to congratulate two of its resident faculty members, Karine Torosyan and Norberto Pignatti, together with our visiting faculty member Maksym Obrizan, on the publication of their new joint paper “Job market outcomes of IDPs: the case of Georgia”, in the IZA Discussion Paper Series from the Institute of Labor Economics, Bonn (the series is ranked 6th worldwide for economics by IDEAS/RePEc).

On March 12, 2018, the implementation of a capital market development strategy was evaluated during the second phase of ReforMeter.