Does Georgia have a well-developed financial sector? Certainly, the proliferation of bank branches and automated teller machines in the capital city of Tbilisi might suggest that it does. And yet, the data indicates that for a country of its size, Georgia has a relatively small financial sector.

We are very happy to post the second part of Jacques Fleury's commentary on the Georgian Wine Industry. In the first part, Jacques reflected on the experience of surviving the Russian embargo, on the one hand, and dealing with a series of heavy-handed and incompetent government interventions, on the other.

According to available data from the ministry of agriculture (MoA), by 1 May 2013, 400,000 hectares have been cultivated this year in Georgia, which means a 100% increase compared to last year and the highest figure, by far, since 2005.

According to the Biblical Book of Genesis, Adam ate the forbidden apple, and now we all have to face the consequences: men have to work “by the sweat of their face” and women have “in pain to bring forth children”.

On May 1, 2013, Professor Eberhard Feess of the Frankfurt School of Finance and Management, held a seminar at ISET on Competition Policy. The presentation covered theoretical and applied aspects of competition policy and its relevance to Georgia.