Judging by Georgia’s average birth rate, it clearly belongs into the European family of nations. At 1.82 children per woman, according to the latest data, the Georgian nation is below (but still relatively close to) 2.1, the birth rate at which the population size remains steady. On average, the birthrate in Europe is around 1.5, which is significantly lower than it was only fifty years ago.

At ISET we teach graduate economics, which uses the mathematical language to analyze economic behavior (“microeconomics”) and macroeconomic systems. Being based in Tbilisi, we heavily depend on “upstream” Georgian educational institutions, such as schools and undergraduate departments at TSU and elsewhere.

After being steadily optimistic for most of 2014 and in the first quarter of 2015, Georgia’s business confidence dropped by 24.5 points to an all-time low level of 3.6 on a scale of [-100; 100] points. The survey, which included 168 firms, suggests that business confidence declined on all measures, across all sectors, and for all firm sizes. Moreover, it is reflected in business perceptions concerning both current performance and expectations concerning the future.

On 20-21st of March of every year, Azerbaijan celebrates “Novruz Bayram”, the oldest family holiday in the country. Azerbaijanis from the ISET community did not miss the opportunity to celebrate this great holiday with their ISET family as well, one week prior to the main festive. In the atmosphere of Azerbaijani folk music, ISET students, faculty, and staff tasted delicious dishes from national Azerbaijani cuisine: the Sebzi Pilaf (plov), Pakhlava, and tea with herbs.

Nodar Dumbadze has a reputation for bringing tears and laughs out of his readers. Yet, when watching his “Hellados” performed in the tiny municipal “Culture House” in Terjola, we were laughing and crying not only in appreciation of Dumbadze's rare ability to weave tragedy and comedy into a single narrative. We were certainly moved by Dumbadze’s story of teenagers growing up in the tough multiethnic environment of Sukhumi, the love-hate relationship between the Georgian Jemal and the Greek Ianguli, and their ultimate love for their homeland.