At least on paper, Georgia has all it takes to be a successful agricultural producer: a favorable tax environment, mild climate, long growing season, inexpensive labor force, and abundant water resources.
Starting from October 15, Georgian consumers have to pay about 5-10 tetri more for one loaf of bread. Many large producers increased their prices.
The term “economics imperialism” has been coined in recent decades to describe a tendency of economists to meddle with such seemingly non-economic aspects of life as crime, the family, irrational behavior, politics, culture, religion, and war. Mine is an attempt to invade the world of music.
While more than half of all jobs in Georgia are in the agricultural sector, agriculture’s share of value-added to GDP was only 11 percent in 2007 (World Bank).
The YFN Georgia blog offers an interesting angle to the opening of the new Kutaisi airport.