While ISET’s Khachapuri Index continues to climb up in a perfectly predictable fashion – driven by the seasonal increase in the price of cheese – a bit of drama is being provided by the ups and downs in the price of eggs. According to ISET data, egg prices, which for a couple of years hovered around 29 tetri a piece, suddenly collapsed in June and July 2013 to a minimum of about 26 tetri.

2013 was a challenging period for Georgia. Elections, political and policy instability contributed to the significant slowdown in economic growth. Apart from the internal factors, external factors also contributed to the slowdown. According to the International Monetary Fund (IMF) data, world economic growth has decreased from 3.2% to 2.9% and IMF forecasts that the world will catch higher growth rates in the following years.

The purpose of this report is to present the Financial Soundness Indicators (FSI) data in a way that is accessible and easy to interpret by a wide array of stakeholders, and help them analyze the economic implications underlying the FSI concepts.

ISET-PI was contracted by Diplomat Georgia, a leading distribution company, to conduct a series of training in advanced spreadsheet analysis for back-office staff who had a basic familiarity with the main MS Excel functionalities. The course was designed to provide technical solutions and skills to perform day-to-day analytical tasks, extract relevant data, produce tables, reports, and charts.

ISET Policy Institute started cooperation with TBC Bank on a series of training programs the aim of which is to introduce the Banks employees to the advanced statistics and data analysis methods.