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As reported in our Khachapuri Index Column, the prices of key khachapuri ingredients have started rising in July, given their strong correlation with the annual cycle of agricultural production in Georgia.
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With the recent changes in the Georgian government, the Partnership Fund has received renewed attention. The fund is now headed by two political heavyweights, the former Prime Minister, Nika Gilauri, and the former Minister of Finance, Dima Gvindadze.
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We economists tend to search for economics behind everything. It's as if it is some kind of disease, for which there is no cure. I admit, I myself suffer from it.
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Car export was 20.5% of the total exports in 2011 and it had the highest share in total exports, among all export goods. What a striking fact! So, what does this mean for Georgia and how can we become regionally more competitive in the car trade?
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Competitiveness is an elusive term that can mean different things to different people. Moreover, there is no consensus on how a country can become competitive.