Who should be supervising the activities of commercial banks in Georgia? Currently, this responsibility lies with the country’s National Bank. However, the Georgian parliament will soon be deciding on new legislation, which, if passed, could take away the supervisory role from NBG and transfer it to an independent agency reporting directly to the prime minister.

The lari depreciation caused a substantial decrease in USD prices of real estate. Average rental prices of residential property reached their historical minimum in March 2015. Property sellers are trying to compensate for the price decline by offering better, more expensive housing for sale.

In June of 2015, the average cost of cooking one standard Imeretian Khachapuri fell to 2.85GEL, which is 1% lower month-on-month (compared to May 2015), and 0.8% higher year-on-year (compared to June 2014).

The main objective of this project was to analyse the predicted potential for Georgia to specialize in the production of various agricultural goods. APRC assisted the German Economic Team within this project with regards to: searching, collecting and summarizing data, reviewing existing literature to study the potential of agricultural goods which have a relative comparative advantage compare to other.

As planned, on May 16, 2015, ISET held an Admissions exam in English language and Mathematics. Exams were carried out simultaneously in Baku, Tbilisi, and Yerevan. The Mathematics exam assessed basic mathematical knowledge, thinking, and problem-solving skills. It covered topics from basic algebra, basic mathematics of finance, and basic calculus. The English exam assessed reading comprehension.