In the last two weeks of November, Retail FPI decreased by 0.3%. Prices increased in the fruit and vegetable category. Grape price increased by 47%, tomatoes by 17.3% and eggplant by 12%. Unlike other fruits, tangerines, which are late to arrive to the market, went down in price by more than 30%.

The Government of Georgia (GoG) intends to create a national agricultural insurance program to achieve the following objectives: (i) developing the agricultural insurance market in Georgia; (ii) supporting agricultural production and increasing the competitiveness of farmers; and (iii) supporting the income of people involved in agricultural activities and minimizing their risks.

After the collapse of the Soviet Union in 1991, the newly independent state underwent serious turmoil, including civil war, deteriorated governance, depreciation of critical infrastructure, and endemic corruption. But after the Rose Revolution in 2003, the country began to implement major political and economic reforms

Innovation is not necessarily about Silicon Valley Hi-Tech startups. It can happen here and now. In particular, contrary to what we have been hearing from our liberal politicians, there is plenty of scope for innovation in Georgia’s agriculture!

Distinguished ISET graduate and recent recipient of a Doctorate of Economics from the University of Pennsylvania, Salome Baslandze has recently been awarded a tenure track professorship at the Einaudi Institute for Economics and Finance (EIEF) in Rome, Italy. There she will be teaching classes and continuing her research on growth, technological change, firm dynamics, and the dynamics of innovation.