29
November
2017
The Georgian Business Confidence Index (BCI)* has increased slightly, reaching 28.0 index points, which is a 1.2 index points gain over the previous quarter. Against weakening expectations, the fourth quarter improvement in the BCI was mostly driven by a notable increase in the Past Performance Index.
27
November
2017
On November 27, ISET hosted Francois Painchaud, the Resident Representative of the International Monetary Fund (IMF) in Georgia. Mr. Painchaud presented the 2017 October Regional Economic Outlook for the Caucasus and Central Asia (CCA) region, covering the global and regional environment, outlook and policy actions, and policies to help maintain macroeconomic stability and how to secure higher and more inclusive growth.
27
November
2017
A pleasant surprise awaited me on my first day as a student of Tbilisi State University’s Business and Economics Faculty. Thanks to my performance on the national admission exam, I was inducted into the so-called “Elite Group,” piloted by TSU in an effort to attract Georgia’s best and brightest. There were 50 of us in the group, mostly from working class families, and none felt like they belonged to any kind of “elite.”
27
November
2017
The average cost of cooking one standard Imeretian khachapuri in October 2017 was 3.64 GEL, which is 0.2% higher month-on-month (compared to the previous month), and 7.2% higher year-on-year (compared to the same month of the previous year).
27
November
2017
In the last two weeks of November, ISET’s Retail Food Price Index showed a significant, 10.8% y/y increase (compared to November 2016). On a monthly basis (compared to October 2017), food prices in Tbilisi’s major supermarkets increased slightly by 0.9%. We recorded the biggest bi-weekly price increases for eggplant (41.2%), cucumbers (20.5%), and onions (16.3%).
