ISET

ISET Economist Blog

A blog about economics in the South Caucasus.

Michael Fuenfzig has not set their biography yet

Nov
20

Khevsureti Fact of the Day

A fascinating mountain region at the border to Chechnya, Khevsureti is quite isolated. According to a 2006 report by the Regional Environmental Centre for the Caucasus, annual household incomes in the Shatili district of Khevsureti are: 70-80 kg of melted butter, half of which is family consumed and half sold. Income is 175 – 200 Euro (2.5 Euro per kg.). 600-800 kg of cheese, 70-80 kg of which is family consumed and the rest sold (2 Euro per kg). Income is approximately 1400 Euro. Cattle is also sold (cows, calves). Income is 1500 - 2000 Euro. ...
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Nov
17

Sorry, where is the contemporary art museum?

From Eurasianet: According to Ivanishvili, who made his $5.5 billion fortune in the Russian banking and metals industries, such headline-grabbing purchases were part of a calculated business strategy -- opening a world-class art museum in the Georgian capital, Tbilisi, that can do battle with New York City’s Solomon R. Guggenheim museum and other prominent modern art centers. "This all started because I thought about what I can do for the country, for tourism, to rejuvenate Georgia," Ivanishvili said during an interview with EurasiaNet.org. Some “one, tw...
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