ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Sep
07

New Old Chavchavadze Avenue – Putting the Horse Ahead of the Cart?

Preface: Imagine a Tbilisi where the Mayor rides a municipal bus, a football star passes you on a scooter, and your favorite guitar player locks up his bike at the entrance to a restaurant; not because they don’t have fancy cars (they do!), but because they believe these alternatives are healthier, more environmentally friendly, greener, and more convenient.  This really sounds like a European city! One issue on the tip of everyone’s tongue these days in Tbilisi—along with August holidays and the risks of COVID-19—is the newly-rehabilitated Chavchav...
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Apr
01

“Fly To Georgia” Program to Dramatically Improve Air Transportation Options to and from Georgia Starting October 1, 2016

As has been reported earlier, the recent deal struck by Georgian PM Giorgi Kvirikashvili and Wizz Air CEO Owain Jones led to a decision by the company to start – already in September 2016 – base operations in Kutaisi and launch new twice or thrice-weekly service from Kutaisi to Berlin, Munich, Milan, Dortmund, Larnaca, Sofia and Thessaloniki.  To follow up on this breakthrough development, the government has just unveiled plans to further expand the range, and dramatically reduce the cost of, regular direct flights between the TAV-operated Shot...
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Mar
21

BMW: Blocks My Way... Around Tbilisi!

The Quality of Living Survey 2012 of the international consultancy group Mercer ranks 222 cities in the world according to how livable they are. Tbilisi was ranked on Place 213, provoking furious reactions by many Georgians. On the internet, it is easy to find wild slanders against those who created the ranking and even against those who just referred to it, and there was even an online petition initiated against the ranking. Without any question, the survey does not capture crucial factors that impact the quality of life. Tbilisi, unlike Lagos in Nigeri...
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Oct
15

The New Silk Road Chain is Only as Strong as Its Weakest Link

Speaking at the opening of the Tbilisi Silk Road Forum, Georgia’s new Minister of Foreign Affairs Giorgi Kvirikashvili evoked electric circuitry as a metaphor to describe the future of rail and road connections between Europe and Asia. A graduate of the prestigious math and physics Komarov School, Kvirikashvili explained that a sequential circuit – a simple chain – crucially depends on each and every one of its links. A parallel circuit, on the other hand, allows to redirect electricity flows (or cargo and passengers) through alternative routes.  Th...
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