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March 15, 2016 FPI | Is Georgian Milk Way too Expensive?
15 March 2016

Retail food prices show a 2.5% decrease y-o-y and a 2.3% decrease from the previous month. Compared to February, onions, coffee, and potatoes experienced the biggest drops showing 8.3%, 7.1%, and 7.0% decreases in prices, respectively.

A Portrait of a Tushetian Farmer as an Entrepreneur
14 March 2016

We first met Gogi Elanidze in winter 2015, when interviewing farmers in Rati’s village, Kvemo Alvani. Located in Akhmeta municipality, Kvemo Alvani and its twin, Zemo Alvani, are not your usual Kakhetian villages. The two serve as the winter base for the people of Tusheti, an isolated valley separated from Kakheti by the 3000m high Abano mountain pass.

March 14, 2016 Kh-Index | Tbilisi’s open bazaars competing with modern supermarkets
14 March 2016

Based on February data from three open bazaars in Tbilisi, the average cost of cooking one standard portion of Imeretian khachapuri stood at GEL3.47. Someone opting for the convenience of shopping in one of Tbilisi’s major supermarket chains, such as Carrefour, Fresco, Spar, or Goodwill, paid 4.40GEL (representing a premium of about 28%) for cooking exactly the same khachapuri.

Dumb Farmers Do Not Grow Big Potatoes
12 March 2016

This week, the Georgian public was shocked when a gross lack of competence and aptitude among the country’s teachers was unveiled. As DFWatch.net reports on March 10th (quoting a Georgian source), of the 10,552 teachers registered for a competence check that took place in January, only 6,477 showed up in the first place, and of these, only 1,101 passed the test.

People tend to take less risks during economic crises according to ISET’s Norberto Pignatti
07 March 2016

Using the panel data on the German and Ukrainian labor markets, Prof. Pignatti and his co-authors Thomas Dohmen (University of Bonn, Maastricht University, IZA and DIW, Berlin) and Hartmut Lehmann (University of Bologna, IZA and DIW, Berlin) show that risk attitudes have permanent (exogenous) determinants that are valid at different stages of economic development and in different structural contexts.

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