01
March
2017
On Wednesday, March 1, ISET hosted an 'Information Session' with the Asian Development Bank (ADB) on "What a Career in ADB Entails". Mr. Toshio Oya, the ADB's Director-General of the Budget, Personnel, and Management Systems Department led the session.
01
March
2017
Economic reforms announced in the run-up to the parliamentary elections in October 2016 raised concerns about whether Georgia was departing from its path of prudent fiscal policy. A reform of the corporate profit tax and increased infrastructure investment were driving expectations of a 6% of GDP budget deficit in 2017, endangering Georgia’s macroeconomic stability and its reputation with investors.
28
February
2017
The Georgian Business Confidence Index (BCI) continues to decline, albeit at a slower pace. The first-quarter decrease in the Index was mostly driven by a significant decline in past performance.
27
February
2017
Have you ever heard about a mysterious law that predicts the size of a city? If you tell me the population of the largest city in a country, I can tell you the size of the second and third-biggest cities. In 1949, George Zipf came up with the simple theory called the rank-size rule, or “Zipf 's law.” Applied to the size of cities, this law says that the second city and following smaller cities should represent a proportion of the largest city.
27
February
2017
The average cost of cooking one standard Imeretian khachapuri in February 2017 is 3.66 GEL, which is 0.2% lower month-on-month (compared to the previous month), and 6.2% higher year-on-year (that is, compared to the same month of last year). The highest price for khachapuri is found in Kutaisi, where the price stands at 3.95 GEL. Telavi took second place with 3.59 GEL.
