On November 24th, a Turkish Air Force fighter jet shot down a Russian SU-24 that briefly strayed into its airspace. One pilot was killed, and another member of the Russian military perished in the rescue attempt. Vladimir Putin called the event a “stab in the back” even though he had turned his back on Turkish warnings about incursions into its airspace. Turkish President, Recep Tayyip Erdogan, facetiously stated that Turkey would not apologize for the event and that Russia should be the one apologizing.

On December 9-10 Lasha Lanchava from ISET Policy Institute traveled to Stockholm Institute of Transition Economics (SITE) at Stockholm School of Economics to present his recent experimental work done at ISET and to discuss the possibility of cooperation between SITE and ISET.

The UNDP conference on agricultural extension, which took place on December 7-9th, featured a 45-minutes presentation of the Social Policy Research Center (SPRC) of ISET-PI. Professor Florian Biermann, head of the center, discussed some preliminary findings of the project “Farmer Knowledge Needs in Georgia”.

Geostat has released its preliminary estimates of GDP growth for the third quarter. The estimated Q3 growth is 2.5%, only 0.1 percentage points below the ISET-PI forecasted value. The forecast for GDP growth in the fourth quarter now stands at 3.6%.

Rachvelis, the natives of a beautiful highland region in western Georgia, have a reputation for being slow but thorough in speaking and behavior. Whether slow or not, Rachvelis are certainly not dumb. At least according to their performance in the national General Ability Test (GAT). In 2012, students from Racha-Lechkhumi and Kvemo Svaneti (R-L-KS) were 2nd (!) after Tbilisi on the average GAT performance (Chart 1).