22
October
2015
As suggested by ISET’s most recent Consumer Confidence report, Georgian consumers are in no mood for shopping. And, yet, Tbilisi is abuzz with excitement about the recent lavish opening of East Point – a giant new shopping and entertainment center, the largest of its kind in the country. Thus, while consumer confidence is hitting new lows, the supply of retail space and world-class shopping malls continues to hit its highs.
17
October
2015
Silk production, or sericulture, has deep Georgian roots, going all the way back to King Vakhtang Gorgasali, who not only founded Tbilisi in the 5th century A.D. but also introduced Georgia to silk (and silkworms), which he brought from India.
15
October
2015
Speaking at the opening of the Tbilisi Silk Road Forum, Georgia’s new Minister of Foreign Affairs Giorgi Kvirikashvili evoked electric circuitry as a metaphor to describe the future of rail and road connections between Europe and Asia. A graduate of the prestigious math and physics Komarov School, Kvirikashvili explained that a sequential circuit – a simple chain – crucially depends on each and every one of its links.
10
October
2015
During the last 12 months, the Georgian authorities have been conducting interesting experiments designed, so it seems, to test the resilience of domestic beer producers. In September 2014, the industry was hit by Article 171 of the Civil Code, prohibiting alcohol consumption in public places. The beer market, 97% of which is supplied by local producers, has immediately shrunk by 22% (in physical volume, see chart), in annual terms.
08
October
2015
The Six Nations Championship is an annual rugby competition featuring an exclusive club of European nations: England, France, Ireland, Italy, Scotland, and Wales. The Six Nations Championship is considered the “elite” rugby tournament of the Northern Hemisphere, matched only by another international “elite” tournament, simply called The Rugby Championship.
