Historically, the main concern in monitoring the Georgian electricity market derives from the negative generation-consumption gap arising in the winter season. However, persistent electricity deficits over ten months between August 2018 and August 2019 suggest that the number of months characterized by a negative generation-consumption gap might be on the rise. Looking at Figure 1 below, generation can only clearly be seen to exceed consumption twice during the past 12 months, in May and June.

A warm welcome back to all returning students, faculty, researchers, and staff. Special greetings to our new students who will henceforth be part of our strong academic and professional community. Also, warm welcome to our new and continuing international students and international faculty. We wholeheartedly offer ISET to be your home and family, as is Georgian and ISET tradition.

ISET-PI’s growth projections for the second and third quarters of 2019 were revised upward by less than 0.1 percentage points. They now stand at 4.8% and 7.5% respectively. Geostat has increased the estimate of the average real GDP growth for the first quarter of 2019 to 4.9% (by around 0.2 percentage points).

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.

The FREE Network – the Forum for Research On Eastern Europe and Emerging Economies – and the International School of Economics at TSU (ISET) and its Policy Institute, are delighted to extend a warm invitation to participate in an international conference on gender economics entitled: "Removing Obstacles to Gender Equality and Women’s Economic Empowerment".