25
July
2019
It is with great sadness that ISET announces an enormous loss to the institution – Mr. Roy Southworth, former Chairman and Chairman Emeritus of the ISET Governing Board, passed away on July 23. He was a most dedicated friend of the broader ISET community, an inspiring development professional, a highly generous contributor, and a brave man with a big heart.
22
July
2019
The International School of Economics in Tbilisi (ISET, www.iset.ge/www.iset-pi.ge) is seeking an Executive Assistant to the Director.
10
July
2019
People face complicated financial decisions starting from a young age. Financial mistakes made early in life can be costly. Thus, Financial literacy could play an important role in sound financial decision-making. Financial illiteracy has implications for many household behaviors. People with the lack of financial literacy participate less in the stock market (van Rooij et al. 2011), choose mutual funds with higher fees (Hastings and Tejeda- Ashton, 2008), and accumulate less retirement wealth (Behrman et al. 2010).
01
July
2019
The share of the rural population in the total population decreased slightly, from 42.6% in 2015 to 41.3% in the beginning of 2019. The share of agriculture in total GDP has also declined, from 9.1% in 2015 to 7.7% in 2018. While production figures have gone up, there was a 6.4% increase in agricultural production in 2018 compared to the previous year. Production in the plant-growing sector increased by 10.9%, and animal production experienced an increase of 2.1% compared to 2017.
28
June
2019
The latest impact of Gavrilov’s visit to Georgia has fueled societal concerns about the economic consequences of deterioration in Russo-Georgian relations. For instance, due to the Russian government’s decision to cancel flights to Georgia, residents are beginning to worry about potentially adverse economic impacts on the tourism sector. ISET-PI has already discussed the expected impact of such a change, highlighting how these concerns might be unwarranted, as tourism accounts for 7.6% of the GDP, with Russian tourism contributing only 1.8% to the economy.
