On February 15th 2021, export quotas on wheat, rye, maize, and barley entered into force in Russia. Russia also imposed customs tariffs and prohibitive duties amounting to 50% of customs value on these products.
WHAT DOES THIS MEAN FOR GEORGIA?
In general, the introduction of customs tariffs or quotas on exports is a part of a protectionist policy and is, more often than not, directed towards the protection of local producers and markets. Export quotas entail restrictions on the quantity of specific goods and services within an outlined period of time wi...
ISET Economist Blog
A blog about economics in the South Caucasus.
Mar
08
Jun
28
The latest impact of Gavrilov’s visit to Georgia have fueled societal concerns about the economic consequences of deterioration in Russo-Georgian relations. For instance, due to the Russian government’s decision to cancel flights to Georgia, residents are beginning to worry about potentially adverse economic impacts to the tourism sector. ISET-PI has already discussed the expected impact of such a change, highlighting how these concerns might be unwarranted, as tourism account for 7.6% of the GDP, with Russian tourism contributing only 1.8% to the econom...
Nov
05
After a generation deficit of August, Georgia continues to exhibit a decreasing trend in power generation; compared to August, total electricity generation has decreased by 14% in September 2018. Georgian power plants generated 849 mln. kWh of electricity, while consumption of electricity on the local market was 955 mln. kWh. It should be noted that compared to August, electricity consumption has decreased by 9%.Even though consumption decreased substantially during the month of September, Georgia had to import electricity from foreign power markets.
Ove...
Feb
13
“The fundamental problem for Georgian security is that Russia holds all the major cards and no one is reshuffling the deck in Georgia’s favour”, writes Neil MacFarlane in his 2016 article on Georgia’s security situation. Georgia has a mighty neighbor that is not democratic, does not respect the right of self-determination of nations, and, most importantly, actually brings its military power to bear whenever Russian (legitimate or illegitimate) interests are not sufficiently honored. To add insult to injury, Russia’s military strength is unconteste...
Recent Comments
Dear Eric, Georgias history is basically a story of survival between two strong neighbors and rather than looking at the examples ... Read More
Tuesday, 14 February 2017 11:11 AM
And vice versa, dear Leqso :-) None of this is surprising, however. According to Rufus Miles, “Where you stand depends on where yo... Read More
Tuesday, 14 February 2017 10:10 AM
It might be indication of something interesting that mostly pro-Russian politicians, with good track record of relations with Puti... Read More
Tuesday, 14 February 2017 10:10 AM
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