07
December
2015
The average cost of cooking one standard portion of Imeretian Khachapuri increased to 3.66 GEL in November 2015. This is 1.4% higher m/m (compared to October 2015), and 9.6% higher y/y (compared to the same month of the previous year, November 2014). Given that it mostly consists of food prices that are subject to sharper seasonal fluctuations, the upward trend in Khachapuri Index is somewhat steeper than that of GeoStat’s official Consumer Price Index (CPI).
30
November
2015
After the collapse of the Soviet Union in 1991, the newly independent state underwent serious turmoil, including civil war, deteriorated governance, depreciation of critical infrastructure, and endemic corruption. But after the Rose Revolution in 2003, the country began to implement major political and economic reforms
30
November
2015
Distinguished ISET graduate and recent recipient of a Doctorate of Economics from the University of Pennsylvania, Salome Baslandze has recently been awarded a tenure track professorship at the Einaudi Institute for Economics and Finance (EIEF) in Rome, Italy. There she will be teaching classes and continuing her research on growth, technological change, firm dynamics, and the dynamics of innovation.
05
November
2015
In August 2015, domestic production in Georgia increased by 2.3% annually – a figure that is expected to retain stability around this year’s overall trend. Consumer price inflation reached its highest value in two years (5.4%). The August 2015 increase in electricity tariffs and the growing number of tourist arrivals put additional upward pressure on consumer price inflation.
02
November
2015
In October 2015, the average cost of cooking one standard portion of Imeretian Khachapuri climbed to 3.61GEL, which is 4.5% higher m/m (compared to September 2015), and 7.9% higher y/y (compared to the same month of the previous year, October 2014).
