03
February
2016
On 1-2 February, Yaroslava Babych, head of Macroeconomic Policy Research Center participated in an international forum – “The Prospects of Georgia’s Democratic and Economic Development” organized by the Institute for Development of Freedom of Information (IDFI), in partnership with the University of Bremen and with the financial support of the Federal Foreign Office of Germany.
29
January
2016
Once the wealthiest Soviet republic, Georgia has since fallen far behind other post-Soviet states (except for, perhaps, Tajikistan, Kyrgyzstan and Moldova) in almost any parameter of wellbeing. Adjusted for purchasing power parity, Georgia’s annual income per capita in 2012 was close to $5,900 (a little higher than in resources-poor Armenia).
28
January
2016
On Wednesday, January 27th ISET hosted Mr. Marcio Favilla Lucca de Paula, Executive Director for Operational Programmes and Institutional Relations at the World Tourism Organization (UNWTO) based in Madrid, Spain. World Tourism Organization became one of the UN specialized agencies in 2013 and is the newest one among 14 specialized agencies.
27
January
2016
On Tuesday, January 26th ISET hosted a delegation of His Excellency Lukas Beglinger, Ambassador of Switzerland to Georgia, and Olivier Bürki, Counselor, Embassy of Switzerland, Regional Director South Caucasus to the Swiss Agency for Development and Cooperation SDC and State Secretariat for Economic Affairs SECO. The purpose of the visit was to get to know the new Ambassador and the new Director of SDC and SECO and discuss the strengthening and continuation of the collaboration.
26
January
2016
We have recently updated the GDP series (the dependent variable in our model), using the revised GDP growth rates available from Geostat. Based on the November data, the forecast for GDP growth in the fourth quarter of 2015 now stands at 3.4%. This is 0.1 percentage points lower than in the previous vintage of the forecast.
