The official visit of the Armenian President last week was concluded by a splashy announcement that the building of the “Friendship Bridge,” a new infrastructure project approved by the Georgian and Armenian Governments in late 2014, will start construction in 2017, and will be completed in under two years. The Georgian Prime Minister and the Armenian President have reportedly discussed a range of other opportunities to deepen economic and trade relationship between the two countries and support business community engagement in this process.
This excitem...
ISET Economist Blog
A blog about economics in the South Caucasus.
Nov
07
May
15
More than three years ago the ISET Economist blog discussed the idea of deposit insurance and how this idea may apply to Georgia. Today, the deposit insurance scheme is not merely an abstract idea, but a fast approaching reality. Recently, the Ministry of Finance of Georgia discussed a draft law on implementing the deposit insurance system in the country.
According to the draft, all bank deposits in Georgia will be insured for up 5,000 GEL.
The deposit insurance program comes at a cost for banks. Each commercial bank will be obliged to pa...
Mar
26
Imagine the following public exchange between two guys - Serge, the president, and Larry, the CEO of a company by the name Oogle:
Serge (Oogle president): You know Larry, our stock market numbers look pretty good today. The Wall Street Journal said it must be because the president is taking the company in the right direction!
Larry (Oogle CEO): Come on, Serge, we all know that the president is not calling all the shots around here. And by the way, the numbers would have been much better, if your design team hadn’t made those …. pink-tinted glasses.
Serge...
Oct
22
As suggested by ISET’s most recent Consumer Confidence report, Georgian consumers are in no mood for shopping. And, yet, Tbilisi is abuzz with excitement about the recent lavish opening of East Point – a giant new shopping and entertainment center, the largest of its kind in the country. Thus, while consumer confidence is hitting new lows, supply of retail space and world class shopping malls continues to hit its highs. A natural question arises: is Georgia’s retail market able to accommodate this surge in the supply of retail space?
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