The International School of Economics at TSU (ISET) and ISET Policy Institute are looking for a Communications Specialist. Dimension and Scope: &bul...
Read moreHosted and moderated by ISET Policy Institute’s Salome Gelashvili, Acting Head of the Agricultural and Rural Development Policy Research Center,...
Read moreWe were thrilled to see Salome Gelashvili, head of the ISET-PI Agricultural Policy Research Center (APRC), actively participate in a UNDP Georgia onli...
Read moreOur latest online presentation highlighted women’s rights in Georgia and crucially considered their role in employment, childcare, and within so...
Read moreOn November 8, ISET was visited by Mr. Juha Kahkonen, Deputy Director of the Middle East and Central Asia Department of the IMF, who gave a presentati...
Read moreConsidering the significance of a green post-COVID recovery, alongside the importance of maintaining an ecological diverse economy, ISET Policy Instit...
Read moreISET’s Policy Institute is proud to announce the unveiling of its Regulatory Impact Assessment (RIA) Manual. The ISET Director, Tamar Sulukhia, ...
Read moreParliamentary elections are just around the corner. A well informed and empowered citizen is central to the outcome of elections that will be in the b...
Read moreOn July 21, ISET Policy Institute (ISET-PI) held an online presentation 'Development of Indirect Impact Assessment Methodology and Multipliers'. The ...
Read moreUnder ISET affiliation Luc Leruth, the Lead Economist in the Policy Institute’s Governance and Social Policy Research Center, has recently been ...
Read moreIn early February, Dr Leruth gave a presentation to the G20's Task Force on Multilateralism and Global Governance. His address, entitled "Identifying ...
Read moreIn the first half of February, ISET’s Retail Food Price Index increased by 4.8% y/y (compared to February 2017). On a monthly basis (compared to January 2018), food prices in Tbilisi’s major supermarkets held relatively steady and decreased only slightly by 0.1%. The sharpest bi-weekly price changes were recorded for fruits and vegetables. Prices increased the most for eggplant (38%), garlic (19%), and carrots (8.2%). The largest price drops were observed for tangerines (5%), cucumbers (5%), and coriander (2%).
Dairy prices have shown a strong start for the year. As shown in the diagram, in January 2018, prices are higher for all dairy products compared to the same month of previous year: milk (12%↑), cheese (11%↑), butter (11%↑), and matsoni (5%↑). Given that in winter, there is a shortage in milk supply, increased dairy prices in that period can be explained by seasonality. While seasonality is a good explanation for monthly changes, it cannot explain annual changes in prices.
Trade data, on the contrary, can provide some interesting insights. According to the export data, export of live bovine animals increased in 2017 compared to the previous year. Thus, the number of live bovine animals exported in 2017 amounted to 132,799 head, which is 34% higher than the same indicator in 2016. The export of fresh meat in 2017 has also increased significantly, by 22%, compared to the previous year. It might be the case that both heifers and cows are exported, therefore, increased exports of live bovine animals, alongside increased exports of meat, might explain a reduction in the supply of milk and resulting higher dairy prices.
It is worth noting that import data shows a significant 42% increase in milk and milk product imports in January 2018, as compared to January 2017. It appears that Georgian retailers try, although not very successfully, to fill the shortage in milk supply with imported dairy products.
On the 13th of November, ISET was visited by Joey Cherdarchuk of Darkhorse Analytics, a Canadian company specializing in data science and information design. The firm is dedicated to helping organizations and individuals present their data in a clear...
Read moreSeptember 17-18 2018, the APRC’s Rati Kochlamazashvili and Pati Mamardashvili conducted a training exercise for Civil Society Organizations (CSO) running Social Enterprises (SE) in value chain analysis and development. In the recent years, SE ...
Read moreGeorgia committed to harmonize its electricity market legislation with EU Third Energy Package and liberalize it according to the accession protocol with the Energy Community. These structural changes are expected to contribute to a more efficient fu...
Read moreISET Policy Institute collaborated with Gesellschaft für Internationale Zusammenarbeit (GIZ) starts a training course about integrating ecosystem services into local development planning. Integrating Ecosystem Services into Local Development Pl...
Read moreISET-PI trains Competition Agency of Georgia Staff in the basics of econometrics and STATA. The objective of the training is to strengthen the capacity of the Competition Agency staff to use STATA to conduct independent data analysis, run OLS regress...
Read moreISET is implementing a new training program, "Economics, Finance and Banking," with VTB Bank. The aim of the program is to introduce VTB Bank's employees to the major principles of economics, finance and banking. The training program is now being co...
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