As Harry S Truman once noted – “It's a recession when your neighbor loses his job; it's a depression when you lose your own”. While Georgia was able to grow its economy, this growth did not trickle all the way down.

ISET is pleased to announce that from October 30 through November 12, 2012, it will host a number of seminars on topics related to energy markets. Professor Einar Hope, a visiting faculty member at ISET, will deliver this seminar series, which was organized by students and professors of ISET’s Concentration in Energy and Natural Resources Management. The seminars will be open to students, graduates, and ISET faculty.

The new issue of Investor.GE is out, this time focusing on Georgia as the hub for the South Caucasus and Central Asia. This quote from the lead article caught my attention.

Starting from October 15, Georgian consumers have to pay about 5-10 tetri more for one loaf of bread. Many large producers increased their prices.

Supported by the German development organization, GIZ (Deutsche Gesellschaft fur Internationale Zusammenarbeit), ISET-PI conducted a training program for participants from Georgian government organizations, the national bank, and think tanks.