15
November
2014
The Georgian economy’s growth rate appeared to slow down in September. According to Gaostat’s rapid estimates forecast, the real growth of GDP decreased to 4.1%. This estimate is the lowest this year since April when the growth rate fell to 2.7%. The ISET Leading Economic Indicators index warned about a possible slowdown of the economy in the third quarter, citing, in particular, the significant decline in exports that began in August 2014.
14
November
2014
Every cloud has its silver lining and, like many observers, we find some comfort in the fact that the new Minister of Foreign Affairs, Tamar Beruchashvili, is no newcomer to policymaking and politics. The appointment of this seasoned career diplomat, who has for years handled Georgia’s relations with Europe, suggests that Georgia’s political system is slowly but surely gaining in strength and maturity.
12
November
2014
The rental price index registered the sharpest annual decline in November 2014. Average rental and sale prices in Tbilisi continue to follow their long run trends. Average rental prices in Gldani-Nadzaladevi and Isani-Samgori have converged for two consecutive months.
12
November
2014
On November 6, Vice President for Europe and Central Asia (ECA) Laura Tuck, Regional Director for the South Caucasus Henry Kerali, Program Leader for the South Caucasus Rashmi Shankar and other representatives of the World Bank Tbilisi Office visited ISET.
11
November
2014
When Armenia entered the Russia-dominated customs union in 2013, fear spread among the Georgian public and policymakers. It looked as if Georgia would be economically squeezed in between Russia and Armenia, the latter being one of Russia’s staunchest allies in the region and, given its geopolitical dependency on Russia, sometimes seen as a little more than a Russian agent.
