If you follow modern Georgian electronic media, you have definitely noticed a strange tendency of publishing news pieces based on people’s posts and status updates on Facebook. Besides Georgian journalists’ determination to free ride, this points to the fact that Facebook has become an important platform to express one’s opinion on political and social issues. In fact, a recent Pew Internet & American Life Project study finds that 37% of electronic social network users post political material at least occasionally and that 75% of social networking si...
ISET Economist Blog
A blog about economics in the South Caucasus.
Nov
28
Apr
17
I have just heard that the French retail giant Carrefour is entering Georgia. This is good news. Carrefour is the master or combining low prices with the high (or at least decent) quality. It is also an inventor of hypermarket concept. Good quality price ratio and convenience are things the Georgian consumer is craving for.
But there is much more to this fact than pure benefit for the Georgian customer. As the worlds second largest retailer, after Walmart, Carrefour commands the supply chain that circles the globe. For example, my milk, as Carrefour cust...
Mar
14
Recently the Georgian government started a campaign for attracting foreign capital to the country. A whole page ad (pictured above) runs on one of the first pages in the print edition of The Economist for already a month. Capital is a necessary requirement for development. But there are few types of it. And one of them is especially important. This is venture capital.
Venture capital comprises financial resources that are invested in startups. Startups, by definition, are small enterprises. They have larger potential for growth, therefore returns, in cas...
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