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ISET Economist Blog

A blog about economics in the South Caucasus.

Michael Fuenfzig has not set their biography yet

Oct
05

Competition in the Georgian Retail Gasoline Market

No, nothing about the election here. Instead something about the Georgian retail gasoline market, which according to some is not so competitive. Case in point is this article on an opposition (soon government) leaning news outlet that alleges price fixing in the Georgian retail gasoline market. The article is based on a recent study by Transparency Georgia. A study with some interesting data, but apparently it was all too much for a clueless (or partisan) journalist. But let’s discuss the study itself. Transparency Georgia finds that: The reta...
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Sep
29

Aviation and Agriculture

  The YFN Georgia blog offers an interesting angle to the opening of the new Kutaisi airport: A major hindrance to the development of high-value horticulture exports from western Georgia is the limited availabity of air freight capacity from Batumi Airport. Most flights from Batumi are oriented towards Ukraine; only one service to the Persian Gulf is available, to Kuwait City. Hopefully Kutaisi will offer airfreight routes to Dubai and Qatar, which will provide new markets for high value cut flowers, citrus and fresh herbs. Check out the othe...
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Sep
13

Adjara Fact of the Day

  The history of Georgian tea began in 1897 when Lao Cheng Zhao came from China to the imperial estate in the village of Chakvi. Lao, whose house still stands on the seashore, brought high-quality tea seeds to the country; and the first tea was harvested in 1902. The product is now so bad that local tea growers call poor-quality tea “Lao-class”. However, in 1903, Chakvi tea began to win prizes at international exhibitions. Georgian tea was the best of all teas produced in the USSR and competed successfully with Ceylon and Indian teas. However, as a...
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Aug
28

Georgia‘s Partnership Fund

With the recent changes in the Georgian government the Partnership Fund has received renewed attention. The fund is now head by two political heavy weights, the former Prime Minister, Nika Gilauri, and the former Minister of Finance, Dima Gvindadze. As the Messenger reports: The foundation aims to facilitate cooperation between the public and private sector, creating investment projects, jobs, attract foreign investment and generally contribute to the development of the country’s economy. The four priority sectors include energy, agriculture, industry an...
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