In January, the cost of cooking one standard Imeretian khachapuri continued to increase, ranging from 3.56 GEL (Batumi and Tbilisi) to 3.92 GEL (Kutaisi), with the average cost being 3.67 GEL. The new average price is 1.9% higher than the price in January 2016. As for month-to-month development, the price of khachapuri is 1.3% higher compared to the previous month (December 2016).

Teimuraz Gogsadze, a graduate of ISET's Class of 2011, joined the International Taxation Division of the Tax Policy Department at the Ministry of Finance of Georgia in May 2011. He worked on such interesting projects as the double taxation avoidance agreement and agreements on mutual administrative assistance in customs matters, gaining invaluable experience at the Ministry of Finance. Having spent almost a year at the Ministry and inspired by the experience regarding taxation matters, Teimuraz decided to continue his studies with a PhD program. In April 2012, he joined the PhD program in Economics at the University of Leicester, where his supervisors were Professors Sanjit Dhami and Ali al-Nowaihi.

Shakespeare is often quoted as having said that death and tax are the only two certainties in life; many people of the modern world would perhaps agree that he would have been at liberty to add tax evasion to the list.

“You need to think carefully before you jump into this deep sea,” said Professor Daniel Levy at the very beginning of a presentation entitled “Why can a Ph.D. be bad for you?”. While this statement sounded frightening to those who were planning to pursue a Ph.D. or other further studies, it appeared to be more bemusing for others who were not considering a career in academia.

ISET is pleased to announce the excellent achievements of our alumni, Nino Doghonadze (class 2012) and Saba Devdariani (class 2014). Having worked the last few years as researchers at the ISET Policy Institute, Nino and Saba decided to continue their education abroad.