ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Mar
11

When Carrefour Corners Your Corner Store

In the last few decades, large supermarkets (referring to all modern retail, which includes chain stores of various formats such as hypermarkets, convenience and neighborhood stores) have changed the retail business landscape in many countries through larger store formats, more shelf space, an increased variety of goods and services, and extensive marketing strategies. The so-called “supermarket revolution” has been underway in developing countries since the early 1990s, and supermarkets have now gone well beyond their initial upper and middle class cust...
Rate this blog entry:
Recent Comments
Simon Appleby
Well done Irakli on a very comprehensive analysis and some thought-provoking suggestions.In countries that have had a significant ... Read More
Monday, 13 March 2017 3:03 PM
Irakli Shalikashvili
Thanks Simon for your comment. I would also like to add that in Tbilisi trading experience has got a long time period history. So... Read More
Tuesday, 14 March 2017 7:07 AM
Continue reading
2942
2 Comments
Write a Comment
Feb
25

Law Can’t Buy Me Love… To The National Currency

  Beginning in July 2017, if an entrepreneur offers and/or advertises a property and/or service for sale in the territory of Georgia, the price of the property/service shall be expressed solely in GEL. According to the bill, failure to abide by the new law when denominating the price will lead to a warning, while a repeated offense will lead to a penalty of 1000 GEL. Each subsequent offense will be subject to a penalty of 5000 GEL. BACKGROUND INFORMATION This law is one of a few changes which will take place in support of a de-dollarization plan imp...
Rate this blog entry:
Recent comment in this post
Eric Livny
A great article with a great title. One small comment. The costs of construction can be in GEL or USD, but the financing of constr... Read More
Monday, 27 February 2017 12:12 PM
Continue reading
1822
1 Comment
Write a Comment
Feb
06

Failure is Always an Option! Or is it?

“The type of failure we’re talking about is like how frogs lay 20,000 eggs so a few wind up as adults sitting on a lily pad sucking down mosquito dinners” is how the author of the recent Newsweek article describes the rate of failure it takes to breed a handful of unicorns-tech startups valued at more than $1 billion. Failure has increasingly become a chapter in success stories; stories which inspire a new generation of entrepreneurs to try, fail, try again, and succeed. Economics, as we have come to know it, is about efficient allocation of resources. R...
Rate this blog entry:
Continue reading
1770
0 Comments
Write a Comment
Jan
23

A Case for an Antidumping Law in Georgia?

Protectionism and any kind of import restrictions have supporters in every country, and Georgia is no exception. Recently, I attended a lunch meeting on the need for an antidumping law, organized by Georgian Lawyers for Independent Professions, Governing for Growth (G4G), and the Society of Free Individuals. Participants from different sectors and institutions presented their views on the possible economic consequences of antidumping regulations currently being discussed by the Georgian government. From an economist’s perspective, I believe there are num...
Rate this blog entry:
Recent Comments
Gigla Mikautadze
Eric, many thanks for your comments. I agree, that the declared goal of antidumping is to “protect” the local producers, but very ... Read More
Wednesday, 25 January 2017 2:02 PM
Eric Livny
The purpose of anti-dumping regulations is not only to serve some lobby groups, as claimed in this article. In Georgias specific c... Read More
Wednesday, 25 January 2017 7:07 AM
Eric Livny
It is not true that only permanent and targeted dumping can be harmful to domestic producers. Three-four months of dumping could ... Read More
Wednesday, 25 January 2017 3:03 PM
Continue reading
2248
4 Comments
Write a Comment
Dec
17

Two Heads – One Public, One Private – Are Better Than One

Back in October 2015, a team of ISET researchers visited Charity House Catharsis to donate food on World Food Day, celebrated around the globe on October 16th. Catharsis was founded in 1990 and provides daily dinner to 310 elderly in need. Although the major function of the charity house is to provide food, Catharsis also offers other services like medical assistance, a relaxation room, chapel, rehabilitation hall, library and café. According to Elene Cucqiridze, one of the managers of Catharsis, the NGO a joint effort of government and the private secto...
Rate this blog entry:
Continue reading
1785
0 Comments
Write a Comment
Dec
13

Is Georgia Heading towards an Oversupply of Hotels?

Citizens of Georgia’s capital recently witnessed the luxurious Biltmore Hotel Tbilisi grand opening. A $140 million investment by the Dhabi Group supplied the market with 214 luxury rooms and suits.  The $2 million opening, huge building and central location (right on Rustaveli Avenue) made the appearance of this hotel on the market very noticeable.  However, with much less lavish ceremonies, in total 37 hotels were opened in Georgia just this year, as reported by the Georgian National Tourism Agency (GNTA), which amounts to an additional 1,472...
Rate this blog entry:
Recent Comments
Irakli Shalikashvili
Very interesting blog post about hospitality and supply of hotel rooms in Georgia. It is quite significant for Georgian economy th... Read More
Tuesday, 13 December 2016 2:02 PM
Eric Livny
By moving in different directions you have in mind greater local possibilities to travel (hiking, biking, jeeps, etc.)? I very mu... Read More
Tuesday, 13 December 2016 4:04 PM
Guest — Mike
https://travelcar.am/rent-a-car-in-yerevan
Tuesday, 21 March 2017 12:12 PM
Continue reading
2846
3 Comments
Write a Comment

Our Partners