Geostat updated its preliminary estimate of real GDP growth for the third quarter of 2018. The Q3 estimate was revised downward to 3.7% (0.3 percentage points lower than the previous estimate). The real GDP growth rate reached only 2.2% year-on-year for November 2018. Consequently, the estimated real GDP for the first eleven months of 2018 was revised downward to 4.7%.
From January 14-16, ISET’s Pati Mamardashvili participated in the 11th conference of the Academy of Wine Business Research (AWBR), hosted by the Department of Business Management at the University of Stellenbosch, South Africa.
The cost of cooking one standard Imeretian khachapuri in November 2018 averaged at 3.62 GEL, which is around 0.8% higher compared to October 2018 (month-on-month), and 2.2% lower in comparison to the previous year (November 2017).
It all started with a simple exercise for my Master’s project in which I tried to understand the underlying causes of the observed wage gap between ethnic Georgians and ethnic minorities in the country. After more than a decade, a reputable international journal has published a paper reporting on the experimental evidence my colleagues and I collected and analyzed on labor market outcomes for ethnic minority and female citizens of Georgia.
On December 5, ISET organized yet another informational tour for its BA students. This time students visited the FRIXX factory, during which they were introduced to the technical operations and business strategy of the company. They were welcomed by Giorgi Darakhvelidze, General Manager, and Mariam Gabatashvili, Commercial Manager, who gave them a factory tour and showed them how FRIXX potato chips are made.