ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Feb
08

To Prevent, to Repair, or to Start Over: Should Georgia Put ‘Maintenance’ Ahead of ‘Investment’ in Its Development Dictionary?

In a recent blog post, Y. Babych and L. Leruth raised several issues related to public infrastructure management in the city of Tbilisi. They observed that the consequences of poor past management practices were highly visible. But some of these consequences are also less visible or less immediate. Take schooling, for example. If the authorities fail to plan for the expected increase in the city’s population over the next few years and neglect to build an adequate number of kindergartens/pre-schools, the results will be overcrowded, fast decaying pre-sch...
Rate this blog entry:
Continue reading
858
0 Comments
Write a Comment
May
01

The Implications of COVID-19 on the Georgian Power Market

The consequences of COVID-19 on tourism and in the industrial and service sectors have been discussed broadly recently. However, little has been said about the current and future implications on the Georgian power sector. The worldwide pandemic has already had, and is still expected to have, quite significant implications on both the demand and supply sides of the electricity market. Although, at this stage, we cannot estimate the exact scale of the effects, it is possible to represent a general theoretical framework of the existing and potential impacts...
Rate this blog entry:
Continue reading
907
0 Comments
Write a Comment
Mar
29

Net-Metering: A Realistic Green Solution to the Generation-Consumption Deficit?

In February 2019, Georgian power plants generated 939 million kWh of electricity, which compared to the previous year represents a 0.5% increase in total generation. On the demand side, consumption amounted to 1,037 mln. kWh, a 2% decrease on an annual basis. Although the negative gap between generation and consumption decreased by 22% (from -126 to -98 mln. kWh), compared to the corresponding month of the previous year, it remained substantial. It is worth highlighting, once again, that this negative gap does not wholly reveal the extent of dependence o...
Rate this blog entry:
Continue reading
1137
0 Comments
Write a Comment
Jun
30

Real Estate = Real Investment

Summer is a good time for traveling to the sea, but now I want you to join me in the journey in time. A memory from my childhood in the early 2000s was the discussion among people about the choice between “Khrushovka” and “Chekhuri.” Households were buying flats and making investments in real estate. It is difficult to explore the real reasons why people prefer real estate over other types of investments, but the some of the standard arguments which I was hearing were the following: “if something happens it is still a real estate,” “at least I will have ...
Rate this blog entry:
Continue reading
1549
0 Comments
Write a Comment

Our Partners