Why Is Georgia Educating Future Unemployed?
19 February 2018

Like most other former socialist countries, Georgia enjoys a very high literacy level, as measured e.g. by the share of people completing secondary education. And yet, the single most problematic factor for doing business in Georgia, at least since 2013, is the “inadequately educated workforce”. Not crime. Not corruption. Not access to finance. Not faulty infrastructure. Inadequately educated workforce.

In debt and broke in Georgia
26 June 2017

An individual living in Kutaisi took a 1500 USD real estate secured loan from one of the microfinance institutions in 2011 and had to pay 75 USD interest rate for the following 6 months. The purpose of taking this loan was to finance treatment of her child. She was unable to cover monthly payments and prolonged the term to 10 month, but failed to cover this payments again and was fined several times.

How Businessmen Grow Wings
17 April 2017

The tradition – and, in most cases, the only way – for Georgian entrepreneurs to finance their businesses and ideas is bank lending, so-called debt financing. However, this source of financing is very limited for start-ups and early-stage businesses, due to the high level of risk involved, the unavailability of collateral assets, and high loan interest rates, which are almost unaffordable for companies that do not generate sufficient returns yet.

Meet the meat demand
03 April 2017

The project “Meet the Meat Demand” is a cooperation between the Ministry of Agriculture MOA of Georgia and the French Livestock Institute, financed by the French Ministry of Economy through the FASEP program. The aim of the study is to assess the possibilities for development of beef production in Georgia.

ISET Launched a New Training Program with VTB Bank: Economics, Finance and Banking
22 March 2017

ISET is implementing a new training program, "Economics, Finance, and Banking," with VTB Bank. The aim of the program is to introduce VTB Bank's employees to the major principles of economics, finance, and banking.