10
October
2016
The average price of cooking one Imeretian khachapuri currently stands at 3.43 GEL. Compared to the previous month (August 2016) the Khachapuri Index gained 8.6%, however in yearly terms (compared to September 2015), the Index dropped 0.8%.
03
October
2016
While gradually increasing since June, in line with its seasonal trend (driven by a gradual decline in the production of fresh milk), the Khachapuri Index remains almost 10% below its level exactly one year ago. Constructed as a weighted average of the prices of various khachapuri ingredients, the Index is particularly sensitive to changes in the price of Imeretian cheese, its most expensive ingredient. The recent spell of annual deflation in the Khachapuri Index is thus a reflection of a peculiar sagging in the price of cheese (see table).
21
September
2016
ISET and ISET Policy Institute (ISET-PI) are seeking a Communications Manager. The Communications Manager is generally responsible for improving the visibility of ISET’s academic programs and policy research activities and promoting its readership in international and regional academic, business and policy circles.
20
September
2016
“Money Can’t Buy EU Love – European Funds and the Brexit Referendum” is the title of a paper by Dr. Jan Fidrmuc of Brunel University, and immediately evokes images of several months ago when Remain voters lined the streets of London with ‘We Love EU’ placards and gold and blue flags, as well as recent savage arguments in Brussels over the best course of action as the continent struggles to get over the shock of a member state opting to leave the union.
20
September
2016
According to Geostat’s rapid estimates, real GDP grew by 2.1% in July 2016, while the growth rate for Q2 stood at 2.3% year over year (YoY). The estimated second quarter growth was thus 1.6 percentage points lower than ISET-PI’s GDP forecast for the quarter.
