In December 2022, the average cost of cooking one standard Imeretian khachapuri continued its upward trend and reached 6.99 GEL. The latest average price is 0.6% higher month-on-month (compared to November 2022) and 21.7% higher year-on-year (compared to December 2021).

Hazelnuts are one of the most important crops for Georgia in terms of export: between 2010-2021, they accounted for around 4.4% of total exports (GeoStat, 2022). In 2013, the quantity of exported hazelnuts reached its maximum level (30 ths. tons), in the following years, it then decreased to 19 ths. tons alongside an increase in value, thus indicating higher prices per exported kg of Georgian hazelnut.

The third quarter of 2022 was marked by a “perfect storm” of global challenges. Due to the ongoing geopolitical, economic, and ecological turbulence, with inflation reaching its highest point in decades, the world economy remains volatile.

On 22 December, ISET Policy Institute hosted an online event entitled “Where Georgia Stands on Regulatory Impact Assessments and what is next?”. Norberto Pignatti, ISET Policy Institute’s Lead Economist and Ph.D. in Economics from the University of Bologna, led the event and provided insights on regulatory impact assessment, a tool for high-quality policymaking.

On 21 December, ISET Policy Institute hosted an online event entitled “Impacts of the War in