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On October 6th, ISET-PI research fellow, Levan Pavlenishvili of the Energy and Environment Policy Research Center, participated in a panel discussion organized by World Experience Georgia (WEG) at Ligamus Book shop of Ilia State University. The panel discussed Discussion subsidies in the energy sector and it was attended by representatives of academia and other sector stakeholders including WEG representatives Mr. Murman Margvelashvili and Mr. Giorgi Mukhigulishvili.
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The cost of cooking one standard portion of khachapuri fell to 3.46 GEL in September 2015, thus departing from the seasonal upward sloping trend. Compared to the previous month (August 2015) the Index declined by 0.9%, however in yearly terms (compared to September 2014, the Index gained 3.2%.
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The Georgian wine industry had a couple of very good years in 2013 and 2014, following the opening of the Russian market. Exports skyrocketed, prices of grapes followed suit. For all the talk about diversification, within just two years, Russia’s share in the total exports of Georgian wine shot up from 0 to almost 68%.
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On September 30, ISET hosted Dwight Nystrom, Chief of Political and Economic Affairs of the US Embassy. His presentation was titled: “The Reach and Limitations of American Economic Power” and it was focused on US’s footprint on the global economy. Mr. Nystrom also discussed US economic conditions within different sections. According to the data he provided, the US share of GDP in global GDP began declining in 2000 and after the 2008 global financial crisis, it began to fall even more sharply.
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According to Steve Johnson (a popular American science writer and media theorist, the author of Where Good Ideas Come From), coffee and coffeehouses were a significant contributor to Europe’s scientific and industrial revolution. The first coffeehouses opened in London in 1650 and quickly mushroomed all over Europe. The coffeehouse had two major positive effects.