01
July
2019
In June 2019, Georgian power plants generated 1,198 mln. kWh of electricity. This represents a 0.9% decrease in the total generation, compared to the previous year (in 2018, the total generation in June was 1,208 mln. kWh). The decrease in generation on a yearly basis comes from the decrease in hydro power generation (-1%), more than offsetting the increase in thermal power generation (+141%) and wind power generation (+6%).
28
June
2019
The latest impact of Gavrilov’s visit to Georgia has fueled societal concerns about the economic consequences of deterioration in Russo-Georgian relations. For instance, due to the Russian government’s decision to cancel flights to Georgia, residents are beginning to worry about potentially adverse economic impacts on the tourism sector. ISET-PI has already discussed the expected impact of such a change, highlighting how these concerns might be unwarranted, as tourism accounts for 7.6% of the GDP, with Russian tourism contributing only 1.8% to the economy.
24
June
2019
Agricultural production is associated with a variety of risks, including market, institutional, and production risks. An important production factor in agriculture is the weather. Its uncontrollable nature makes weather risk the prevailing risk to agricultural production. Farmers have various informal and formal means of transferring and mitigating these risks. Informal means include savings, diversification, off-farm activities, etc. The most common formal means of risk mitigation is insurance. Insurance is a contract that transfers the risk of financial loss from an individual or business to an insurance company.
12
June
2019
On June 12, ISET hosted Kinan Bahnassi of the International Labor Organization, one of several UN-affiliated bodies active in Georgia. Mr. Bahnassi treated the audience of students, staff, and faculty to an interesting, perceptive, and rather a creative presentation.
11
June
2019
In comparison with Q4 2018, the GEO real property market dropped by 15.2% in Q1 2019. While the annual increase was more pronounced at 3.7% (YoY), compared to Q1 2018. Tbilisi dominated the real property market with a 41.8% share in total sales in Q1 2019. The Tbilisi market was followed by Kakheti and Adjara, with a respective 12.6% and 10.9% proportion of GEO sales.
