04
March
2017
According to the Retail FPI, by the end of February food prices had decreased slightly by 0.01% m/m (that is compared to the end of January), and by 2.6% y/y (that is compared to February 2016). Although overall FPI did not change very much either m/m or y/y, some foods experienced quite notable changes in prices.
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.
