20
November
2017
Nikoloz M., 65, from the Imeretian village of Jikhaishi, invested around 15,000 GEL into his 8.5 ha hazelnut orchard in 2012, hoping that one day his initiative would turn into a profitable business. Nikoloz was on his way to success up until this year, before the stink bug, or Asian pharosana, as Georgians call it, appeared in his orchard. While Nikoloz expected to harvest 800 kg – 1000 kg of hazelnuts per ha, the stink bug infestation reduced his harvest by 30-35%, resulting in a loss of more than 1,000 GEL per ha.
19
October
2017
ISET continues to challenge its BA students to think about economics and apply knowledge gained during their studies in everyday life. On October 19, 2017, Eric Livny, President of ISET and BA Program Director, conducted a very intriguing discussion on how to start a business in Georgia and what factors one has to initially take into account.
04
October
2017
On October 3, 2017, ISET Policy Institute Executive Director Lasha Labadze made a presentation at the conference "Modern Educational Programs to Support Agribusiness Development,” organized by East European University within the International Scientific Festival, planned by the Ministry of Education and Science of Georgia.
09
August
2017
The Georgian Business Confidence Index (BCI)* has decreased slightly, reaching 27.0 index points, which is a -2.0 index point loss over the previous quarter. The third-quarter drop in the BCI was mostly driven by the notable decline of the Expectations Index, which judging from the previous quarter's findings, may be explained by private sector realignment with reality rather than by worsened economic conditions.
31
May
2017
By the end of May, ISET’s Retail Food Price Index increased by 5.5% y/y (compared to May 2016); on a monthly basis (compared to April 2017), retail food prices slightly decreased, by 0.4%. The largest bi-weekly price changes were recorded for seasonal food products such as fresh fruit and vegetables. Prices dropped the most for tomatoes (-28%), garlic (-21%), and cucumber (-8.3%).
