20
June
2017
Geostat has released its GDP growth estimate for the first quarter of 2017. The Q1 growth rate now stands at 5.1%, which is 1.6% above ISET-PI’s last forecasted value. Moreover, the average growth rate for the first five months of the year amounted to 4.5%.
19
June
2017
In the middle of June, food prices increased by 5.0% on an annual basis (that is, compared to June 2016), but decreased by 0.3% on a monthly basis (that is, compared to May 2017). During the last two weeks, greens, potatoes, and cabbage showed the biggest increase in prices by 29.4%, 23.8%, and 23.3%, respectively. In the meantime, tomato, cucumber and cheese prices dropped by 26.8%, 15.7% and 7.1%, respectively.
19
June
2017
In May 2017, the average cost of cooking one standard Imeretian khachapuri declined to 3.14 GEL – a 5.4% decrease month-on-month (compared to April 2017). In annual terms (compared to May 2016), however, the Index gained 8.5%.
17
June
2017
Food safety has become an important aspect of agricultural policy for many countries (see, e.g., CAP). By definition, “Food safety refers to the conditions and practices that preserve the quality of food to prevent contamination and foodborne illnesses.” In other words, food safety aims to protect the health of humans, animals and plants at every stage of the food production chain in conformance with the "farm-to-table” principle established by the EU.
07
June
2017
On June 7, during his visit to Georgia, Mr. Anthony De Lannoy, the Executive Director of the IMF who represents Georgia along with the other 15 countries at the IMF Board of Directors, addressed an audience of ISET researchers, students, and management, as well as senior representatives of the National Bank of Georgia, with an overview of the IMF and its cooperation with Georgia.
