From the new issue of Investor, on Georgian film productions:
"It is not easy to cover the expenses of the film with the small number of screens that are in Georgia. The market is limited and the number of screens is also limited," he said.
"If you want to make a Georgian film commercially successful, you have to expand this market, you have to go outside...either to Russia or international."
There was certainly no shortage of talented Georgians who made it in the Soviet Union, or later in Russia. While we can safely assume that today there are sti...
ISET Economist Blog
A blog about economics in the South Caucasus.
Dec
19
Dec
11
From RFE/RL:
Cash remittances sent home by thousands of Armenians working in Russia and other countries increased by more than 23 percent in the first 10 months of this year compared to 2010, RFE/RL's Armenian Service reports.
While this sounds like unambiguously good news for Armenia, it is not. Remittances can have a very similar effect as natural resources wealth – it gives rise to what is called the Dutch Disease.
Both remittances and exports of natural resources result in an inflow of foreign currency into a country. While this ...
Dec
07
This weekend we visited one of the more remote parts of Georgia, the Shiraki plains at the border to Azerbaijan. After passing through Dedoplis Tskaro, the district capital and largest town in this part of Georgia, we found ourselves on a bad road going all the way to the small town of Kasritstkali. In Soviet times the road was surfaced, but these days one has to navigate mud and large potholes. By all accounts the small town of Kasritstkali is thoroughly isolated from the rest of Georgia. And for what it matters, from Azerbaijan as well. Although the bo...
Nov
24
From Eurasianet:
In a historic first for Georgia, 12 men and women recently passed judgment in the country’s first jury trial, a grisly murder case. But the answer to whether or not jury trials will enhance the credibility of the country’s justice system remains to be seen.
A promising development, jury trials might help reduce the perception of a lack of judiciary independence in Georgia. A key aspect of well-working jury trials is a sufficiently large jury size. While it is tempting to reduce costs by having smaller juries, there is ample evidence...
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