In September 2017, the average cost of cooking one standard Imeretian khachapuri varied across Georgian cities, from 3.33 GEL (the minimum observed in Tbilisi), to 3.85 GEL (the maximum observed in Telavi). The average price was 3.63 GEL, which is 5.5% higher compared to the previous month (August 2017), and 6% higher compared to September of last year.

ISET’s BA Program in Economics is accredited by the Chartered Institute of Management Accountants (CIMA) till 2025. The program is recognized by UK NARIC at the same level as a UK undergraduate degree.

On October 10, 2017, Professor Hans Wiesmeth challenged ISET BA students to think about possible solutions to environmental issues, more specifically, how the country can deal with beverage packaging, which is a global environmental issue, with 1 billion plastic bottles produced each day (more than ten thousand every second). Only about 10% of these bottles are currently recovered and recycled.

ISET Professor Norberto Pignatti recently attended the international IZA/Volkswagen Foundation Workshop: Preferences, Personality Traits, and the Labor Market held in Bertinoro (Italy) on the 6th and 7th of October. Professor Pignatti was invited to present his research about the role of risk preferences in labor market choices in the Georgian labor market.

On September 27, 2017, the first assessment of Pension Reform was conducted, within “ReforMeter”. Based on the Government Survey, 38.8% of the reform is already implemented. At this stage, the reform concept is elaborated and approved by the Government. In October, the draft law will be publicly available. The pension fund functions and obligations are formulated. The regulatory body is defined. Pension system operating rules are designed.