ISET kicked off its 2015-16 school year this Monday, August 31 with an orientation session for incoming students. ISET faculty, staff, and researchers warmly greeted the students and gave them a sense of what they can expect out of their next two years of study. ISET Dean of Students, Sopha Gujabidze spoke about the program’s rigor, encouraging students to study hard in their time in the program, but also detailed the close-knit alumni community, and all of the former students’ impressive accomplishments.
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.
On August 16-22, 2015 the head of ISET-PI's Agricultural Policy Research Center (APRC), Pati Mamardashvili participated in a study tour in Switzerland, organized by the Market Opportunities for Livelihood Improvement in Kakheti (MOLI) project. Local government and private sector representatives from Kakheti were invited on the tour.
Exchange rate fluctuations are one of the most popular topics for debate in today’s Georgia. Given that Georgia’s self-sufficiency ratio in food products is quite limited (34%), Lari depreciation might be particularly hurtful for Georgian consumers, who spend considerable amount of their income on food.
Given the newly revised Q3 forecast, the annual growth in 2015 is expected to be 2.6% in the worst-case, or “no growth” scenario, and 3% in the best-case, or “average long-term growth” scenario (see our January 2014 and February 2014 publications for a note on methodology).