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.
Driving back home after a two-week family vacation in Turkey, a horrific surprise awaited us at the border-crossing in Vale (near Akhaltsikhe). We arrived just before midnight on Saturday, August 26, 2017. What we knew to be a very efficient procedure lasted much longer than the expected 2-3 minutes.