Recently, I attended a show by the famous Erisioni dancing group, which was performing in Georgia for the first time after two years of constant traveling abroad. The Georgian dancers in traditional costumes were sensational, but as an economist, a minor incident caught my attention nearly as much as the Erisioni ensemble.

A promising development, jury trials might help reduce the perception of a lack of judiciary independence in Georgia. A key aspect of well-working jury trials is a sufficiently large jury size.

Judging by the number of foreigners entering Georgia since 2004, tourism expanded at a breathtaking average pace of 32% a year, nearly doubling every three years. A simple extrapolation suggests that in four more years, by 2015, Georgia may be receiving more than 5mln tourists per year.

According to Ivanishvili, who made his $5.5 billion fortune in the Russian banking and metals industries, such headline-grabbing purchases were part of a calculated business strategy -- opening a world-class art museum in the Georgian capital, Tbilisi, that can do battle with New York City’s Solomon R. Guggenheim museum and other prominent modern art centers.

Partnering with the Association of Young Professionals in Energy of Georgia (AYPEG), ISET Policy Institute completed the project Assessment of the Research and Training needs For Georgian Energy Sector. This involved the interviews with the representatives of the companies operating in the energy sector of Georgia, both private and governmental (GNERC, ESCO, GSE etc.) and the large energy consumer companies (45 companies in total).