The South Caucasus is divided by high mountain ranges, often impassable political borders, and ethnic conflict zones. In addition to three independent states, the region also includes three unrecognized territories. Nakhichevan is separated from Azerbaijan’s mainland by Armenia’s Syunik region. Armenia’s border with Turkey and Azerbaijan, on the other hand, is sealed for political reasons.
According to a nationally representative sample of 367 individuals undertaken in early October 2017, ISET’s Consumer Confidence Index (CCI) added only 0.2 points, rising from -19 in September to -18.8 points in October. A similarly miniscule change was observed in both sub-indices: the Present Situation Index improved by 0.3 (from -24.1 to -23.8), and the Expectations Index by 0.1 index points (from -13.9 to -13.8), compared to September.
ISET Policy Institute started working on the Regulatory Impact Assessment (RIA) on the selected topics under the Draft Law on Insolvency Proceedings. In this project, ISET is partnering with the Berlin Economist, the German consulting group.
ISET Policy Institute started working on the Regulatory Impact Assessment (RIA) on the selected topics under the Draft Law on Insolvency Proceedings. In this project, ISET is partnering with the Berlin Economist, the German consulting group.
For several consecutive years, we have been observing a seasonal spike in Consumer Confidence Index (CCI) coinciding in time with young wine festivals (rtveli) and post-harvest euphoria in rural Georgia. Not this year. In September 2017, CCI lost 2.6 points, going down from -16.4 to -19. Both CCI components, the present situation, and expectations indices declined, by 3.4 and 1.9 points, respectively.