The aim of the project by ISET-PI, TNS, and TBC bank was to find out the level of financial literacy in Georgia. 1000 respondents were surveyed in the biggest cities of Georgia. The project is divided in three parts dealing with finance, trust in financial institutions, and financial literacy, in order to investigate Georgian citizens' behavior.

Although the mining sector of Georgia only accounts for a small share of GDP, around one quarter of Georgia’s total exports are related to mining activities. Increased use of Georgia’s natural resources thus has the potential to benefit the economic development of the country as well as to contribute to public finances.

The International School of Economics at TSU (ISET) invites applications for the 2015/16 program “Finance for Professionals”, aiming at executives, managers, and administrative personnel who want to upgrade their competency in finance. Managed by Paul Henri Forestier (former director for Caucasus, Moldova and Belarus, European Bank for Reconstruction and Development (EBRD)), the program will be delivered from November 2015 to June 2016.

As planned, on May 16, 2015, ISET held an Admissions exam in English language and Mathematics. Exams were carried out simultaneously in Baku, Tbilisi, and Yerevan. The Mathematics exam assessed basic mathematical knowledge, thinking, and problem-solving skills. It covered topics from basic algebra, basic mathematics of finance, and basic calculus. The English exam assessed reading comprehension.

On June 13, ISET hosted Dr. Dmitry Shapiro from the University of North Carolina at Charlotte, who presented his paper “Microfinance and Dynamic Incentives”.