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Invasion of Ukraine, global sanctions against Russia, and economic consequences for Georgia

Almost overnight, Russia became the most-sanctioned nation in the world, surpassing even Iran and North Korea in the number and extent of economic, financial, and technological sanctions.

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War in Ukraine: challenges, risks, and responses of Georgian economy

ISET brought together over 170 participants face to face and 160 on facebook from think-tanks, public and private sectors, business community and international development partners on April 13.

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Public-private dialogue on e-commerce reform

The reform aims to facilitate E-commerce in Georgia by developing a legal and regulatory framework and the necessary technical infrastructure.

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ISET Policy Institute participates in USAID event

The key objective of the project is to strengthen the role of CSOs and PSAs in policy-making, to ensure their long-term sustainability, and to broaden involvement in local community development, policy design, and implementation.

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How has Ukraine offered an opportunity for the world to become better, and how is the world responding?

Democracy is not permanent, and preserving it will require the cooperation of the entire democratic world.

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WHO WE ARE

ISET Policy Institute provides independent policy research, analysis, and training, and it reaches out to the broader academic, policy and business community, as well as the general public. Our key areas of expertise are in Agricultural Policy, Macroeconomic Policy, Energy & Environment, Private Sector Development, and Inclusive growth. Within these sectors, ISET maintains a portfolio of regular indices and analytical publications, and implements externally financed projects.

Indexes
Agri Review
Summarizes the major developments in the agricultural sector and provides brief analysis of the related economic indicators.
Business Confidence Index
Comprises seven sector-specific sub-indices covering services, retail trade, agriculture, manufacturing, financial services, construction and other sectors.
Consumer Confidence Index
Measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation.
Electricity Market Review
Analyses the main trends and key events in Georgia’s electricity market.
Energy Market Review
Analyses the main trends and key events in Georgia’s energy sector, including electricity, oil, and gas.
GDP Forecast
Provides current-quarter and one-quarter-ahead GDP forecasts for those who need to make business and policy decisions and cannot wait until the official statistics are announced several months later.
Gender Equality Index
Following an EU methodology and taking into account regional context, the Index measures progress towards gender equality among 12 former soviet countries.
Khachapuri Index
Inspired by the Big Mac Index of the Economist magazine, it tracks inflation by using the most popular Georgian Food, the Khachapuri.
Macroeconomic Review
Offers a comprehensive review and an economic interpretation of the existing data trends, which are based on monthly statistics from GeoStat, NBG, and other sources.
REMLab
According to the best global practices, residential and commercial real estate price indices are calculated using several measures

Publications

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Projects

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Implementation of diversified financial mechanisms in VET
ISET Policy Institute team supports the Ministry of Education and Science of Georgia in implementing diversified financial mechanisms in Vocational Education and Training (VET). The project is implemented with the support of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
15.12.2021
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Gender equality index of the south caucasus
The SCGEI (South Caucasus Gender Equality Index) provides policy-makers, independent researchers and the general public with a unique evidence-based tool to inform policy actions, an objective way of measuring gender inequality, and an inclusive platform to initiate dialogue and further analysis of the underlying issues and potential solutions.
01.12.2021
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News and Events

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ISET Economist Blog

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Developing a circular economy in Georgia – the benefits, achievements, and challenges
Circular economy and integrated waste management are both concepts we often hear when discussing issues of ecological well-being or climate change. This way of imagining the economy has already gained a foothold in many countries. The idea of the circular economy itself implies a different attitude towards patterns of production and consumption, that which aims to minimize wasted resources.
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Is climate change a serious threat that affects you?
Today is 24 March, and it’s been snowing heavily in Tsavkisi for the past few days. My yard and street are covered by about a full meter of snow. Cars are stuck on the snow-covered streets and our small community is physically cut off from the rest of the world. Locals can’t remember such a snowstorm, especially in March.
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How has Ukraine offered an opportunity for the world to become better, and how is the world responding?
The war in Ukraine had just begun when I wrote (on the ISET Policy Institute's website and in the Georgian Times) that the present events in Ukraine offer the world a chance to become better. I could not have predicted at the time that hostilities would unfold in such a disastrous fashion or scale, nor could I have anticipated that, following four weeks of the war, we would witness an even larger and, I would say unimaginable human and global catastrophe.
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