01
March
2017
On Wednesday, March 1, ISET hosted an 'Information Session' with the Asian Development Bank (ADB) on "What a Career in ADB Entails". Mr. Toshio Oya, the ADB's Director-General of the Budget, Personnel, and Management Systems Department led the session.
01
March
2017
Economic reforms announced in the run-up to the parliamentary elections in October 2016 raised concerns about whether Georgia was departing from its path of prudent fiscal policy. A reform of the corporate profit tax and increased infrastructure investment were driving expectations of a 6% of GDP budget deficit in 2017, endangering Georgia’s macroeconomic stability and its reputation with investors.
28
February
2017
The Georgian Business Confidence Index (BCI) continues to decline, albeit at a slower pace. The first-quarter decrease in the Index was mostly driven by a significant decline in past performance.
25
February
2017
Beginning in July 2017, if an entrepreneur offers and/or advertises property and/or service for sale in the territory of Georgia, the price of the property/service shall be expressed solely in GEL. According to the bill, failure to abide by the new law when denominating the price will lead to a warning, while a repeated offense will lead to a penalty of 1000 GEL. Each subsequent offense will be subject to a penalty of 5000 GEL.
17
February
2017
On February 17, interested ISET faculty, staff and students visited the Ministry of Defence's research and development centre, Delta, at the invitation of Ilia Zhorzholiani, an ISET alumnus working as the facility's Chief Auditor. The visitors were shown many of Delta's products (which were of particular interest to ISET personnel with prior military experience), including sniper systems, mortars, weapon optics and light armoured vehicles.
