On Friday, June 5th, ISET hosted Mr. Rezo Vashakidze, the founder of Chirina Ltd, by far the largest Georgian producer of poultry products (sold under the BiuBiu brand), a Greenfield investment worth more than 80 mln USD. The main topic of Mr. Vashakidze’s presentation was entrepreneurship in Georgia (as well as Azerbaijan and Armenia).
When Georgia ran into a conflict with its northern neighbor in 2008, it experienced considerable solidarity on part of its main Western ally. The United States supplied military transporters to fly back Georgian troops from Afghanistan, which was correctly understood by the Russians as a warning that the US would not allow Georgia to fall.
Creativity is the ability to produce new ideas and to find innovative solutions to problems. It is crucial for economic growth because creative ideas translate into new products and more efficient technological processes, which, in turn, generate new (more productive) jobs and better (more competitive) products.
On Friday, June 5th ISET hosted Loredana Sorg, Mercator Fellow of International Affairs, who gave a presentation titled "The Georgian Hazelnut Value Chain and the Potential of Cooperatives". The objective of the study was to understand how and at which level value is added, to identify critical elements for a competitive hazelnut production in Georgia, and to reflect the potential of cooperatives for the development of the value chain and in particular for organic fair-trade hazelnuts.
The main objective of this project was to analyse the predicted potential for Georgia to specialize in the production of various agricultural goods. APRC assisted the German Economic Team within this project with regards to: searching, collecting and summarizing data, reviewing existing literature to study the potential of agricultural goods which have a relative comparative advantage compare to other.