Congestion in electricity transmission systems is a common problem all around the world, Georgia included. Two types of congestion are observed in the power sector; physical and economic. Physical congestion occurs when a transmission system is not adequate to supply an increasing amount of electricity. Economic congestion appears when prices in one region are different from those in another region, while cheaper electricity cannot be sold to the region at high prices.

Early next month, the eyes of the world will briefly turn to Switzerland. On June 5th, the citizens of this prosperous country will vote in an unprecedented referendum on the idea of guaranteeing each citizen a basic income equivalent to roughly 30,000 USD per year.

On May 8, an ISET team participated in the “Wings for Life World Run 2016” charity event held on Lopota Lake in the Kakheti region of eastern Georgia. In total, ISET representatives ran almost 15 kilometers.

Georgia's education system seems to be broken. It is no longer corrupt, which is good, but it does not deliver the quality that we all want and need. Our teachers are among the lowest paid in Georgia and in the world. Quality is an issue at all levels of education, starting with preschools and ending with graduate and post-graduate education.

On 18 April 2016 ISET hosted Dr. Donghyun Park, a principal economist with the Asian Development Bank (ADB), who presented his team’s research: the Impact of China’s Slowdown on the World Economy. The talk was attended by ISET students and faculty, as well as representatives of Georgia’s leading businesses and business associations.