In October 2016, the average cost of cooking one standard portion of Imeretian Khachapuri was 3.39 GEL, which is 1% lower month-on-month (compared to September 2016), and 6.1% lower year-on-year (compared to the same month of the previous year, October 2015).

ISET’s international experiences are continuing to diversify, as APRC researchers gave a series of presentations at the “Regional and International Cooperation in Central Asia and South Caucasus: Recent Developments in Agricultural Trade” conference which took in Samarkand, Uzbekistan, between November 1-4.

Georgian retail prices increased at the end of October. Driven by seasonal fruits and vegetables, ISET’s Retail Food Price index gained 2.2% m/m (compared to the last week of September). However, compared to October 2015, we still observed a significant 13.5% decline in food prices.

On November 2, ISET hosted Francois Painchaud, the IMF Resident Representative in Georgia. Mr. Painchaud presented the 2016 November Regional Economic Outlook for the Caucasus and Central Asia, highlighting three main areas: global and regional environment, outlook and policy actions, and policy priorities.

The project aims to estimate the impact of foreign students on Georgia’s economy. Since 2013, ICMPD has been carrying out the EU-funded project “Enhancing Georgia's Migration Management” (ENIGMMA). The project assists the Georgian government in managing and improving the conditions for migrants in Georgia.