The Georgian Business Confidence Index (BCI)* has increased slightly, reaching 28.0 index points, which is a 1.2 index points gain over the previous quarter. Against weakening expectations, the fourth quarter improvement in the BCI was mostly driven by a notable increase in the Past Performance Index.

ISET Policy Institute started working on the Regulatory Impact Assessment (RIA) on the selected topics under the Draft Law on Insolvency Proceedings. In this project, ISET is partnering with the Berlin Economist, the German consulting group.

In 2013, as a follow-up to public consultations on improving the acting company law in Georgia, a working group was established to elaborate a new Draft Law of Georgia on Entrepreneurs (“Draft Law”). The working group was created under the Private Law Reform Council of the Ministry of Justice of Georgia, the USAID-funded Judicial Independence and Legal Empowerment Project, which was succeeded by the Promoting Rule of Law in Georgia (PROLoG) Activity, with both projects implemented by the East-West Management Institute (EWMI), was a cooperating partner

Just recently, a rare occurrence made the headlines in Georgia: Moody’s Investors Service upgraded the government of Georgia’s local and foreign currency issuer ratings first time in seven years, to Ba2 from Ba3, with commentary that the outlook remains stable. This news was met with great excitement, but was soon overshadowed by the unfortunate news of Georgia’s downgrade on the Global Competitiveness Indicators, without fully appreciating or understanding the significance of the Moody's upgrade.

For over a decade, ISET has produced MA graduates whose experience, knowledge, and expertise have allowed them to pursue successful careers across the world. Some stayed in academia, and went on to earn further degrees in the United States and Europe; others moved into public service or the private sector, both at home and abroad, actively working towards regional development or establishing successful careers overseas.