On July 13, a Memorandum of Understanding was signed between the ISET Policy Institute and JSC BIA. The BIA is a subsidiary company of Alliance Group Holding, which manages the largest continuously updated business information database. This aggregates information from more than 23,000 the most active companies registered in Georgia. It supplies the local companies and international business information companies, credit rating agencies, with all relevant business information (
The document was signed by Eric Livny, President of the ISET Policy Institute, and Aieti Kukava, CEO JSC BIA. The Memorandum envisages planning and implementation of joint projects and research activities.

Date: June 9th, 3 p.m.

Location: ISET, 16 Zandukeli Street, Tbilisi, Georgia


After being steadily optimistic for most of 2014 and in the first quarter of 2015, Georgia’s business confidence dropped by 24.5 points to an all-time low level of 3.6 on a scale of [-100; 100] points. The survey, which included 168 firms, suggests that business confidence declined on all measures, across all sectors, and for all firm sizes. Moreover, it is reflected in business perceptions concerning both current performance and expectations concerning the future.

Our Partners