Recently the Georgian National Investment Agency launched the internet portal Trade with Georgia. This internet page aims to facilitate exports by providing information to Georgian firms on export procedures and regulations, and by providing potential foreign buyers with a database of Georgian products.
The customs reforms that lowered and abolished import tariffs, and reduced bureaucratic import procedures are well-known; at the same time export procedures have also been simplified. Of course one obstacle remains: Georgia can reform its export pro...
ISET Economist Blog
A blog about economics in the South Caucasus.
Feb
21
Feb
10
From Eurasianet:
The Azerbaijani developer Avesta plans to stick the 1,110-meter-high (about 3,642- feet-high) building on a chain of artificial islands off Azerbaijan's Caspian Sea shore. Completion date: by 2019. The tower -- named, not surprisingly, "Tower of Azerbaijan" -- is expected to house hotels and business centers.
While it is unclear whether this project will ever be realized, it certainly shows that Azerbaijan has huge ambitions. Comparisons to Dubai come to mind, as a city with attention-grabbing architectural projects. More importantly, Du...
Feb
03
How much foreign wealth does a country really have? In the Balance of Payments Accounts, the net foreign wealth is essentially the difference between the assets held by the country’s residents abroad and the country’s liabilities to foreigners, valued at the market price in each given year. If this number is negative, then the country is a debtor to the rest of the world, and needs to generate enough surplus output in the future to pay back foreign investors.
The change in net foreign wealth in any given year reflects the extent of country’s borrowing or...
Jan
26
Please have a look at the above photo of the beautiful Kura River with the Sameba Cathedral in the background. Now, contemplate the picture for another 10 seconds and ask whether something suspicious is part of the scenario. Have you recognized it? Right, there are no rescue ladders at the waterside edges. If someone falls into the water, there is no way to get out again. The picture shows just a cutout of the view, but when standing on Saarbrucken Bridge, looking down at the river, you will see no possibilities to get out of the water anywhere! About 30...
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