Developing Econometric model for Stress Testing and interpreting the results. TBC Bank contracted ISET-PI to work on Economic Capital Stress Testing Methodology, which includes but not limited to developing Stress Testing Econometric Model.
In the year of elections, any piece of economic analysis is usually seasoned with a hefty dose of caution. Every analyst is aware of the fact that the incumbents will be too eager to oversell the ‘good’, while the opposition will pound on the ‘bad’. Weary of taking sides in political battles, economists usually switch on their primary defense mechanism: they start relying (heavily) on the annoying “on the one hand”, “on the other hand” kinds of phrases. I am of course referring to Georgia in the year 2016.
Supported by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Chamber of Commerce and Industry for Munich and Upper Bavaria, and working in partnership with the Georgian Chamber of Commerce and Industry (GCCI), this project aims at strengthening entrepreneurship education in Georgian Vocational Education and Training (VET) institutions.
The Georgian Business Confidence Index (BCI) continues to improve. Unlike last quarter, the second-quarter increase in the index was mostly driven by a significant improvement in performance rather than in business expectations, which kept rising albeit at a marginal pace.
This policy document was created through the project “Raising support and enhancing understanding of the Europeanization process in Georgia: information and communication campaign on EU-Georgia Association Agreement, including DCFTA” funded by the Romanian government.