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Mass Family Gatherings in Georgia: Tradition of Waste or a Form of Insurance?
14 December 2015

There is a Georgian joke that goes: “Relatives are the people you see whenever their number changes”. In other words, relatives all tend to gather when any of them gets married, gives birth, or dies. As a result, we frequently observe Georgians organizing mass gatherings to either celebrate or mourn numerical “changes” in their families. While there is a recent trend among the wealthier and better-educated people to switch to more intimate, smaller events, the poorer rural people continue to arrange Georgian supra of monumental proportions.

Russo-Turkish Drama: a Christmas Gift for the Georgian Economy?
12 December 2015

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.

Lasha Lanchava visits Stockholm School of Economics
11 December 2015

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.

ISET Presentation at the UNDP Conference on Agricultural Extension
10 December 2015

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”.

November 2015 GDP Forecast | Depositors’ inflation hedging puts downward pressure on growth forecast
09 December 2015

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%.

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