15
December
2014
Some weeks ago, I was invited by a development bank to the Hotel Eden in Kvareli, Kakheti, where we discussed Georgia’s possibilities to develop economically. When we talked about the potential of the manufacturing sector, one of the attending bank employees said: “The problem is that Georgia does not have Rudolf Diesel and Nikolaus Otto.”
08
December
2014
In the past two weeks, Georgians have been waking up with a sense of déjà vu. In a matter of days, the Georgian currency lost over 8% of its value against the US dollar and reversed the course of appreciation against the euro. The lari winter blues are reminiscent of the last months of 2013, when, after a long period of stability, the lari lost about 5% of its value against the dollar in the course of ten weeks.
03
November
2014
A few days ago, I was walking in Kostava Street towards the Philharmony when I passed a construction site that was separated from the sidewalk by a wooden fence. Suddenly, I heard the ugly sound of fabric torn apart. Yes, it had happened! My nice winter coat was ripped up by a rusty nail that stuck out of the fence, causing a huge hole in the coat that went down to the lining.
28
October
2014
According to CRRC Barometer surveys and other opinion polls, the police has been until quite recently one of the most respected institutions in Georgian society. With 88% of the population holding a favorable view of its performance, police came second after church (93%) in the 2011 survey conducted by the International Republican Institute.
21
October
2014
Each year top students from ISET receive exceptionally promising and appealing offers to continue their graduate education at some of the best universities in the world. ISET graduates have been pursuing their Ph.D.’s at top universities such as University of Pennsylvania, University of Chicago, Stanford University, New York University etc. 32 ISETers have been selected throughout the past 8 years. Another six ISET graduates have successfully continued the path towards their Ph.D. Degrees this year. With full support of ISET’s senior international faculty, they are currently engaged in the first year of their studies. Most of them have already done some of their own research being a part of ISET’s “Third Year Program” working with ISET-PI on policy projects relevant to the fields of their interest, contributing to the ISET Economist Blog and taking online math classes to get ready for the “boot camp” experience awaiting them in the US or Europe.
