“The type of failure we’re talking about is like how frogs lay 20,000 eggs so a few wind up as adults sitting on a lily pad sucking down mosquito dinners” is how the author of the recent Newsweek article describes the rate of failure it takes to breed a handful of unicorns-tech startups valued at more than $1 billion.

Unofficial (partial) dollarization describes a situation when a foreign currency is used alongside the domestic currency for transactions purposes and as a store value. High partial dollarization is not good for a country, as it ties the hands of its Central Bank when it wants to use monetary policy. In a highly dollarized economy, national currency depreciation can even lead to financial instability.

On February 3, 2017, Eric Livny, President of ISET and the ISET Policy Institute, held a working meeting with the newly-appointed chairman of the Competition Agency of Georgia, Mr. Nodar Khaduri, who is also a co-director of the newly-accredited ISET BA Program.

APRC is working on a research to inform the World Bank Group (WBG) on sectoral priorities in Georgia’s agriculture.

Every winter, one of the most actively discussed issues of energy policy – both on TV and in professional circles - is natural gas. Prices and supply conditions are frequently part of the political debate. The main reason behind such active discussion is energy security concerns. What is energy security?