24
July
2015
Today I’m sitting down for a conversation across a continent and an ocean. Our guest is Professor Matthias Matthijs of the Johns Hopkins School of Advanced International Studies (SAIS). He is the editor of the renowned and timely book “The Future of the Euro,” and a two-time recipient of the Max M. Fisher Award for excellence in teaching at SAIS. We will be talking about the Eurozone crisis and the lessons other small-state economies and their policymakers can learn from Greece’s unfortunate situation.
17
July
2015
The first tea bushes appeared in Western Georgia in 1847, and since then tea production has played a significant, yet widely unknown, role in Georgia’s history. The humid and subtropical climate of Western Georgia in the regions of Guria, Samegrelo, Adjara, Imereti, and Abkhazia are ideal for harvesting tea, and this was a fact eventually recognized by businessmen outside Georgia.
13
July
2015
An average Georgian household spends more than 40% of its budget on food. It, therefore, stands to reason that Georgian consumers are quite sensitive to food prices, which may be very good news considering recent developments in global commodity markets. According to the latest World Bank’s Food Price Watch, “international food prices declined by 14% between August 2014 and May 2015, sliding into a five-year low.”
06
July
2015
Since the Rose Revolution, pro-Western Georgian politicians strive to lead their country into the apparent safe haven of the NATO defense collective. So far membership seems far off, causing disappointment among many Georgians and affirming those who preferred less integration in the Western geopolitical bloc. The continuing debate as to whether or not Georgia should assume full membership in the alliance may be obfuscating the reality that the present relationship with the alliance is the most ideal for Georgia.
29
June
2015
Yerevan is presently rife with protest. Dubbed “Electric Yerevan,” the protests are aptly named considering that they began as a result of Armenia’s government succumbing to demands by the country’s electricity distribution monopoly (Electric Network of Armenia (ENA)) to raise regulated tariffs by 16.7% as of 1 August 2015.
