According to Geostat estimates, Georgia’s annual real GDP growth in 2015 was 2.8%. ISET-PI’s annual GDP growth forecast of 2.9% annual growth (since September 2015) thus turned out to be quite accurate, just 0.1 percentage points above the official estimate.
Open Society Georgia Foundation commissioned ISET-PI to prepare a policy paper regarding the progress made on the implementation of Deep and Comprehensive Free Trade Area (DCFTA) in Georgia and to conduct a training for the members of the European Integration Committee and the Economic Affairs Committee of the Georgian Parliament regarding DCFTA in frames of the project “Raising support and enhancing understanding of the Europeanization process in Georgia
The radicalization of Islam and the Russian-Turkish spat affect the security of the South Caucasus energy supply corridor and shed new light on the prospects of Russian-Georgian economic relations. The challenges and opportunities related to the new security threats were the main topics of discussion at a forum organized by the Caucasian House.
Supported by Norway’s Ministry of Foreign Affairs, ISET’s collaboration with the Norwegian School of Economics (Norges Handelshøyskole – NHH) started more than four years ago with regular faculty visits by some of the most senior NHH scholars, professors Einar Hope and Rognvaldur Hannesson. The main goal of the new 3-year phase, to be financed by the Norwegian Centre for International Cooperation in Education (Senter for internasjonalisering av utdanning (SIU)), is to develop a dual degree program in energy and environmental economics.
Georgia is consistently performing very well in the World Bank’s “Doing Business” (DB) ranking 24th country globally in 2016: DB ranking is made up of several different indicators. Georgia only ranked 62nd for getting electricity (GE). GE indicator is a proxy for electricity supply quality to the business.