The Georgian Business Confidence Index (BCI) has decreased by 7.4 percentage points (-7.4, QoQ), but at 17.6 it remains higher than it was in the same quarter last year (12.0). The fourth-quarter decrease in the index was mostly driven by a significant decline in expectations.
My dad used to tell me stories about the exciting period when the Soviet Union’s economy started faltering and public resources were suddenly up for grabs in the chaos of capitalism that emerged. While this period is usually associated with the appearance of crafty oligarchs, in Georgia also less wily businessmen could exploit the circumstances, among them many Turks.
ISET is proud to announce that resident faculty member Norberto Pignatti has recently become a research fellow at the Institute for the Study of Labor (IZA), a private, independent research institute based in Bonn (Germany), which conducts nationally and internationally-oriented labor market research. IZA runs the world's largest research network in economic science, comprising over 1,300 international Research Fellows and Affiliates, as well as Policy Fellows from business, politics, society, and the media.
ISET recently had the honor to host the first cohort of students for the Executive Leadership Program, which was launched in cooperation with TBC Bank, and is designed for entrepreneurs and business executives who strive to take their careers to the next level.
The official visit of the Armenian President last week was concluded by a splashy announcement that the building of the “Friendship Bridge,” a new infrastructure project approved by the Georgian and Armenian Governments in late 2014, will start construction in 2017, and will be completed in under two years.