All over the world, the quest for technological innovation is proceeding with great intensity. Georgia is not an exception. While local universities are trying to build fab-labs (fabrication laboratories – small-scale workshops offering personal digital fabrication), the government has established the Georgian Innovation and Technology Agency (GITA) to support the creation of start-ups and tech companies.
In May 2017, the price of cooking one standard Imeretian khachapuri continued its normal seasonal decreasing trend and reached 3.14 GEL, which is 5.4% lower month-on-month (compared to April 2017), but 8.5% higher year-on-year (compared to May 2016). The main contributor to the price change was a seasonal decrease in the price of cheese, which fell by -10.1%, compared to the previous month (April 2017).
An ISET-PI team is participating in a project called Global Programme to Prevent Son Preference and Gender-Biased Sex Selection. An ISET-PI team is partnering UNFPA country office in Georgia in the scope of a Global Programme to Prevent Son Preference and Gender-biased Sex Selection in the region.
By the end of May, ISET’s Retail Food Price Index increased by 5.5% y/y (compared to May 2016); on a monthly basis (compared to April 2017), retail food prices slightly decreased, by 0.4%. The largest bi-weekly price changes were recorded for seasonal food products such as fresh fruit and vegetables. Prices dropped the most for tomatoes (-28%), garlic (-21%), and cucumber (-8.3%).
Ulrich Koester, Professor of Agricultural Economics at Kiel University and IAMO Visiting Research Fellow paid a visit to ISET on May 30. During his presentation, Prof. Koester provided an overview of the specifics of the agricultural sector and its impact on agricultural trade; furthermore, he clarified that traditional trade theory is of minor relevance for explaining agricultural trade policies and trade flows.