Top 5 economic consequences of Russia’s war on Ukraine: a view from Georgia
28 February 2022

As I am writing these lines, Russian tanks are moving deeper into the territory of my country, Ukraine, and emotions are threatening to overwhelm me. But emotions cannot shake what we, as economics scholars, value the most: devotion to truth and careful, impartial use of facts and logic to arrive at conclusions.

ISET Policy Institute presents proposal for China-Russia Eurasian Studies Centre
05 December 2021

The ISET-PI team participated in the Economic Research Mentoring Program (ERMP), organized by the China-Russia Eurasian Studies Centre (CREC). One of the ISET Policy Institute’s research proposals has been selected for the final round of the ERMP research competition.

The Wheat Market in Georgia
08 March 2021

On February 15th 2021, export quotas on wheat, rye, maize, and barley entered into force in Russia. Russia also imposed customs tariffs and prohibitive duties amounting to 50% of customs value on these products.

September 2019 GDP Forecast | Uneasy but not fearful: prospects of global slowdown and geopolitical tensions with Russia affect Georgia’s growth expectations
23 September 2019

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2019, which now stands at 4.5%. This is only 0.3 percentage points below ISET-PI’s recent forecast. ISET-PI’s forecast of real GDP growth for the third quarter of 2019 stands at 7.1% — 0.4 percentage points lower than last month’s prediction. The first estimate for the fourth quarter growth forecast stands at 5.5%.

An Assessment of the Electricity Market in Light of the “Gavrilov Effect”
28 June 2019

The latest impact of Gavrilov’s visit to Georgia has fueled societal concerns about the economic consequences of deterioration in Russo-Georgian relations. For instance, due to the Russian government’s decision to cancel flights to Georgia, residents are beginning to worry about potentially adverse economic impacts on the tourism sector. ISET-PI has already discussed the expected impact of such a change, highlighting how these concerns might be unwarranted, as tourism accounts for 7.6% of the GDP, with Russian tourism contributing only 1.8% to the economy.