In March 2017, the national average price of cooking Imeretian khachapuri declined to 3.41 GEL, which is 6.9% lower compared to the previous month (February 2017), and 4.1% above its value a year ago (March 2016).
The tradition – and, in most cases, the only way – for Georgian entrepreneurs to finance their businesses and ideas is bank lending, so-called debt financing. However, this source of financing is very limited for start-ups and early-stage businesses, due to the high level of risk involved, the unavailability of collateral assets, and high loan interest rates, which are almost unaffordable for companies that do not generate sufficient returns yet.
The proposed project aims at strengthening entrepreneurial education and training in formal TVET system in Georgia. The project will address well-documented gaps (see ISET’s 2016 report) in the delivery of entrepreneurial training by TVET institutions.
Back in 2013, the Government of Georgia (GoG) approved a new law entitled “On Agricultural Cooperatives.” The primary goal of this legislation was to support agriculture and rural development in the country by strengthening agricultural cooperatives. Since then, agricultural cooperatives have been springing up like mushrooms; 13,000 farmers have already been registered in 1,500 cooperatives. In order to strengthen their capacity, donors led by the European Union have been providing financial assistance as well as trainings and advisory services to cooperatives and their members.
On Tuesday, April 11, ISET hosted Warwick University Professor Omer Moav. Professor Moav delivered a profoundly interesting lecture to the ISET community about the work that he and his colleagues have worked on together, specifically a revolutionary hypothesis about the emergence of social and political hierarchies in early agrarian societies.