The year 2017 turned out to be a very fruitful one for ISET and the ISET Policy Institute. On January 17, Eric Livny, the President of ISET and the ISET Policy Institute, and Dimitri Kumsisvhili, the First Vice Prime Minister and Minister of Finance of Georgia, signed an official memorandum of understanding between ISET Policy Institute and the Ministry of Finance.
Driven by the sharp seasonal increase in the price of Imeretian cheese, the average cost of cooking one standard Imeretian Khachapuri in December 2016 stood at 3.62 GEL. The Index reached its lowest value (3.51 GEL) in Batumi; the maximum was observed in Kutaisi and Tbilisi (3.75 GEL and 3.63 GEL, respectively). The average price of 3.62 GEL is 4.2% higher compared to the previous month (November 2016), and 4.0% lower compared to December of last year.
Between 1990 and 1994, the Georgian economy experienced one of the sharpest declines in economic activity in recent history, with GDP per capita falling by more than 70 percent. Since then, however, especially after 2003, it has been growing quite fast, with the Georgian GDP per capita overtaking the 1990 level in 2013. However, the Georgian agricultural sector, in the same period, has been characterized by a quite different trend.
An ISET-PI team led by EEPRC’s Head Norberto Pignatti is conducting a Regulatory Impact Assessment (RIA) on Law of Water Resources Management.
In December 2015 the State Commission on Migration Issues (SCMI) adopted a Medium Migration Profile (MMP). The MMP was elaborated with the active participation of all its member state agencies and the support of a project funded.