The average cost of cooking one standard Imeretian khachapuri in August 2017 was 3.08 GEL, 3.9% higher in a month-on-month comparison (m/m, that is, compared to the previous month) and 9.2% in a year-on-year comparison (y/y, that is, compared to the same month of last year).
On an annual basis, the biggest price increases occurred for apples (87%), potatoes (46%), and carrots (42%), whereas cucumbers, peaches, and tomatoes, on the contrary, became cheaper by 25%, 20%, and 14%, respectively.
The International School of Economics at Tbilisi State University (ISET, www.iset.ge), in Tbilisi, Georgia, expects to make one or more appointments at the Assistant or Associate Professor levels. Candidates in all fields are encouraged to apply.
According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth was 4% year over year (YoY) in Q2 2017, which fell short of the 5.8% that had been expected by the ISET-PI GDP forecast made in July. This shortfall was driven not by weak performance, but overly optimistic predictions of ISET-PI’s empirical model, influenced by high actual growth in the first quarter (5.1% YoY).
On September 7, ISET hosted the president and executive chairman of the Ayn Rand Institute, Dr. Yaron Brook, for a presentation. The topic of the presentation was Free Speech and The Battle for Western Culture. During the presentation, Dr. Brook explained why and in what ways free speech is under attack and why it is important to defend this fundamental right.