The average cost of cooking one standard portion of Imeretian Khachapuri stood at 5.54 GEL in May 2022. This is 5.4% lower month-on-month (compared to April 2022), and 30% higher year-on-year (compared to May 2021).
Both Russia and Ukraine are among the top five export destinations for Georgia. Ukraine accounted for 9.5 per cent of Georgia's exports in January 2022, while Russia accounted for 12.9 per cent (prior to the Russian invasion of Ukraine on 24 February 2022).
On 6 June, a Memorandum of Understanding between ISET’s Policy Institute and the SME Development Association (SMEDA) was enacted. The document was signed by Tamar Sulukhia, the ISET and ISET Policy Institute Director, and Grigol Paikidze, Executive Director of SMEDA.
On June 2, 2022, the International School of Economics at TSU alongside the ISET Policy Institute signed a Memorandum of Understanding with the Georgian Center for Strategy and Development (GCSD).
The study was to determine an optimal minimum wage for workers in Georgia, and resulted in a recommended range of 250-350GEL per month, albeit referencing numerous factors that need to be considered.