On October 4th, ISET students at every level and every stage of their studies were given a unique opportunity by the European Bank for Reconstruction and Development – to have their own research be used and cited in an EBRD report on Georgia. In addition, the students will be able to use their work as part of any thesis they will be submitting in the near future.

In September 2019, the average cost of cooking one standard Imeretian khachapuri reached 3.64 GEL, which is 3.0% higher month-on-month (compared to August 2019), and 2.3% higher year-on-year (compared to September 2018). The price of khachapuri increased in all four major cities of Georgia: Tbilisi, Batumi, Kutaisi, and Telavi.

According to the Georgian socio-economic development strategy, “Georgia 2020”, the economic politics of the Georgian government is based on the following principles:

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2019, which now stands at 4.5%. This is only 0.3 percentage points below ISET-PI’s recent forecast. ISET-PI’s forecast of real GDP growth for the third quarter of 2019 stands at 7.1% — 0.4 percentage points lower than last month’s prediction. The first estimate for the fourth quarter growth forecast stands at 5.5%.

In 2016 reform to levy profit tax was carried out in Georgia to accelerate economic growth in the country, create a favorable environment for starting business and production, and tax administration. The reform envisaged transferring into the Estonian model of levying profit tax, resulting in levying enterprises with taxes during profit distribution.