Due to the geomorphological characteristics of its territory and to its geographical location, the Re- public of Georgia is rich in hydro resources. According to the Georgian Ministry of Energy and Natural Resources, so far Georgia has exploited only about 20% of its hydro resource potential.
The 2012 elections can be regarded as one of the most important events in the political life of Georgia. More so than at any time during the country’s 20-year history of independence, these elections were distinguished by a high level of uncertainty regarding the final results, and fierce competition between the ruling party and its major opponents.
On the first of January, Armenia will adopt an entirely new pension system. This radical reform addresses two problems: widespread poverty among the elderly and a lack of capital in the economy. The very same problems also exist in Georgia, where the standard governmental pension currently is 150 lari, and where the economy is suffering from high capital costs due to notoriously low saving rates.
On December 18, 2013, ISET hosted the second event in a series of discussions on the topic of inclusive growth. The topic of the event was Modernization of Vocational Education and Training (VET) and Extension Systems related to agriculture in Georgia.
On December 12, Dr. Azar Abizade of the School of Business at the Azerbaijan Diplomatic Academy held a seminar at ISET about flight rescheduling problems and the incentives for airlines to report their preferences. Research into this problem was conducted according to mechanism design and matching theory.