The lari depreciation has started to affect real estate market prices in Tbilisi. The average rental price for residential property has continued to fall, reaching a new historical minimum in February 2015.

The average cost of cooking one standard Imeretian Khachapuri in the first month of 2015 dropped to 3.40 GEL, which is 7.4% lower month-on-month (m/m, that is compared to the previous month), and 5% year-on-year (y/y, that is compared to the same month of last year).

Bubbles belong to the most fascinating phenomena in a market. Suddenly, people are willing to pay prices that are completely out of touch with the fundamental economic values of assets. In the stock market bubble of the 1920s, persons who had never before considered becoming investors borrowed money and bought shares, so as not to miss out on the chance to become rich.

On January 22, Dr. David Ubilava, from the University of Sydney, led a seminar on the subject of his recent paper, "Rises and Falls in Primary Commodity Prices: Blame it on ENSO or Leave Them, Kids, Alone?"

The average cost of cooking one standard Imeretian Khachapuri reached 3.68 GEL in December 2014. The price jumped up by 9.5 % month-on-month (compared to November 2014) and by 2.4% year-on-year (compared to December 2013).