20
February
2017
In January 2017, the Khachapuri Index continued its upward seasonal trend, and the new average price of cooking one standard Imeretian khachapuri reached 3.67 GEL. The average price is 1.9% higher than the price was in January 2016. As for month-to-month developments, the price of khachapuri is 1.3% higher compared to the previous month (December 2016).
18
February
2017
Marriage is a phenomenon strongly intertwined within our culture and everyday life. It is almost a “must do” thing in Georgian traditional society, and it has to be approved either by religious authority or by the state, or both. A recent study about Georgian youth entitled “Generation in Transition, Youth Study Georgia – 2016” by Friedrich-Ebert Stiftung, shows the 14-29 age cohort’s perceptions, awareness, and approaches towards marriage.
19
January
2017
In the first half of January, Georgian retail food prices went up. Compared to mid-December, ISET’s Retail Food Price index experienced a significant 10.1% increase. Prices increased across key food commodities as a result of the holiday-related slump in demand. The Georgian lari depreciation applied additional upward pressure on the GEL prices of imported food products.
27
December
2016
Mikheil Nadareishvili graduated from Oxford University with MSc in Applied Statistics before attending ISET and graduated as part of the Class of 2014. He joined TBC bank shortly afterward, motivated by his deep interest in using statistical and machine learning tools to gain insights from vast amounts of data and use them to inform policies and decisions. His initial role was to develop statistical models to segment customers, understand their needs, and predict their behavior.
19
December
2016
The average cost of cooking one standard Imeretian Khachapuri in November 2016 stood at 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The upward trend in the Index at this time of the year is expected and largely related to the seasonal increase in the price of cheese. Reasons for this seasonal price swing can be summed up as follows: supply and demand.
