The International School of Economics is happy to announce that we’ve opened up applications for the 2021-2022 Master’s Program. At ISET you’ll find a world-class MA in Economics, fully taught in English by a faculty of renowned international lectures.

ISET has again affirmed its position among think tanks on the world stage by having the ISET Policy Institute listed once more on the Global Go To Think Tank Index. It is a proud moment for the ISET community since ISET Policy Institute is ranked in the 2020 Top Domestic Economic Policy Think-Tanks globally and 2020 Best Independent Think-Tanks globally.

Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2020, and their estimated growth stands at -6.5%, which is 1.3 percentage points below the ISET-PI’s most recent forecast. The annual real GDP growth in 2020 amounted to -6.1%, which is 0.6 percentage point lower than our recent prediction. Economic activity fell sharply due to global pandemic, although the decline was mitigated by the relatively strong fiscal stimulus and lending.

In the first and second quarters of 2020, Georgian power plants generated 2,893 mln. and 2,797 mln. kWh of electricity, respectively (Figure 1). This represents a 1.5% and 9.7% decrease in total generation compared to the corresponding periods of the previous year (in 2019, the total generation in Q1 was 2,936 mln. kWh and 3,097 mln. kWh in Q2).

In early February, Dr. Leruth gave a presentation to the G20's Task Force on Multilateralism and Global Governance. His address, entitled "Identifying Ultimate Beneficial Owners: A risk-based approach to improve the transparency of international financial flows", is also the key aspect of a research paper that is being co-authored and produced by representatives from the universities of Liege and Tilburg; it will be published by July. To have a member of ISET's faculty address members of a G20 Task Force is an extremely proud moment for ISET.