Starting from October 26, the ISET Policy Institute team, in cooperation with the USAID Economic Governance Program, started an online training course in Regulatory Impact Assessment (RIA) for public servants. The aim of the training is to provide participants from the selected institutions a clear understanding of the purpose of RIA, its structure and implementation, and how it works within the context of Georgian. The course will also develop and strengthen the participants’ technical skills that are necessary to conduct standard RIAs in accordance with the RIA methodology approved by the Government of Georgia in January 2020. The training is organized around specific RIA steps, included practical group activities every week, and will last for a total of seven weeks.

Last week Georgians took part in largely proportional parliamentary elections. Dozens of parties were registered as election contestants. To what extent do their visions coincide with yours in different important areas of public policy? You can get a detailed answer to these questions on the digital platform "Election Compass Georgia".

ISET-PI’s forecast of real GDP growth for the third quarter (July-September) of 2020 remains at -11.6%, unchanged from last month’s prediction. The third estimate for the fourth quarter (October-December) growth forecast stands at -11.8%. Notably, our econometric model depends only on retrospective information (past observations), thus, the abnormally large negative growth of real GDP during the state of emergency period causes an overestimation of the contraction in the following quarters.

When the Georgian unemployment statistics for Quarter 2 (April, May, June) of 2020 came out, no one was surprised to see that the national unemployment rate, which had been falling steadily over the previous quarters, and even years, suddenly increased by 0.9 percentage points relative to the same quarter of 2019 (more precisely from 11.4% in Q2 2019 to 12.3% in Q2 2020). Perhaps we were more surprised by the fact that the unemployment rate did not go up more drastically in the midst of a strict lockdown, various travel restrictions, and quarantine measures.

The ISET Policy Institute has once again demonstrated its relevance and focus on regional economic research with the publication of a research paper in the 117th issue of the Caucasus Analytical Digest (CAD), a bimonthly online magazine. The Institute’s article, 'International Diversification of Agricultural Trade of Armenia, Azerbaijan, and Georgia', was written by Phatima Mamardashvili, Salome Gelashvili, Ia Katsia, and Salome Deisadze and examined the agricultural trade relations of the three South Caucasus countries from 2002-2018.