As has been reported earlier, the recent deal struck by Georgian PM Giorgi Kvirikashvili and Wizz Air CEO Owain Jones led to a decision by the company to start – already in September 2016 – base operations in Kutaisi and launch new twice or thrice-weekly service from Kutaisi to Berlin, Munich, Milan, Dortmund, Larnaca, Sofia and Thessaloniki.
To follow up on this breakthrough development, the government has just unveiled plans to further expand the range, and dramatically reduce the cost of, regular direct flights between the TAV-operated Shot...
ISET Economist Blog
A blog about economics in the South Caucasus.
Apr
01
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...
Mar
21
The Quality of Living Survey 2012 of the international consultancy group Mercer ranks 222 cities in the world according to how livable they are. Tbilisi was ranked on Place 213, provoking furious reactions by many Georgians. On the internet, it is easy to find wild slanders against those who created the ranking and even against those who just referred to it, and there was even an online petition initiated against the ranking.
Without any question, the survey does not capture crucial factors that impact the quality of life. Tbilisi, unlike Lagos in Nigeri...
Feb
08
There is a lot of affinity among Estonia and Georgia, two tiny nations for centuries caught between the Russian rock and the German or Ottoman/Persian hard place. Common fate may be, indeed, the reason for Georgia’s topping the list of Estonian development cooperation priorities. Georgia is the largest recipient of Estonia’s bilateral aid, most of which is about sharing the Estonian experience of establishing itself as a new European democracy and a unique place to do business.
Uniqueness is a huge asset for small countries trying to carve out their nich...
Jan
11
Izat Berenaliev, research fellow of the National Institute for Strategic Studies of Kyrgyzstan, analysed whether Kyrgyzstan's winter tourism sector can reach international level in his article "Is winter tourism in the Kyrgyz Republic able to reach international level? published on the website of the NISS.
Current situation
In recent years, winter tourism in Kyrgyzstan develops rapidly and becomes much more popular. There are more than 6 ski resorts with chair lifts and several small bases with regular lifts in Kyrgyzstan. Besides them, there are a...
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