With the release of the December data, the year 2014 is now “officially” over. ISET-PI has updated its forecast for Georgia’s real GDP growth rate for the first quarter of 2015; meanwhile, official rapid estimates of both fourth quarter and annual growth rates for 2014 became available from Geostat.

On September 1, 2014, the Georgian society woke up to a very unpleasant reality – after years of extremely welcoming visa regime which put the country on the map as an attractive tourist and foreign direct investment destination, a new migration law regulating foreigners admission and stay in Georgia came into effect.

ISET continued its Distinguished Professors Lecture Series, which it runs in cooperation with Tbilisi State University, on Thursday, January 29th. In this installment of the series, ISET hosted Professor Ramaz Kurdadze, Head of the Institute of the Georgian Language at Faculty of Humanities and Member of the Academic Board of Tbilisi State University.

Family Farming is the predominant form of agriculture. It represents the main source of income in rural areas and produces majority of agricultural products in Georgia.

According to the latest GEOSTAT figures, merchandize exports from Georgia decreased by 1.63% between 2013 and 2014. This is certainly not great news for the country, but does it imply that Georgian goods have become less competitive on the world market? Recent trade data suggest that this is not necessarily the case.