On February 15, 2013, Professor Hans Wiesmeth, vice-president of the Saxon Academy of Sciences, delivered a presentation titled “Integrated Environmental Policies: Supporting the Sustainable Development of Georgia” to the academic community at the National Science Academy of Georgia. The event was initiated and supported by ISET.

It is a commonly accepted view that corruption is bad for economic growth. It leads to an inefficient allocation of resources by contradicting the rules of fair competition and by setting wrong incentives.

For the first time since 2007 Georgia is a net electricity importer. Last year the total electricity generated declined by 4% and a 1.3% increase in total internal demand was observed.

According to the Law of Georgia on Medical Activity, postgraduate medical education can take place only in accredited institutions and/or medical schools from March 2009 onwards.

Can Georgia stimulate investment in electricity-intensive sectors by providing cheap electricity? To answer this question one has to first analyze the behavior of the wholesale electricity market during the past 3 years.