“Rtveli 2020” – a traditional vintage and rural harvest holiday in Georgia accompanied by feasts, musical events and other celebrations started on August 26. This year, the Government of Georgia (GoG) is subsidizing the grape harvest to support growers in selling their products. 0.3 GEL of the total 0.8 GEL per kg of Rkatsiteli or Kakhuri Mtsvane is subsidized. In the case of extreme necessity, the GoG will be involved in the purchase of grapes as well. Supporting the wine sector is part of the anti-crisis plan to handle the economic challenges caused by...
ISET Economist Blog
A blog about economics in the South Caucasus.
Oct
12
Oct
05
Many of us well-remember the cold winter of 2006 when the Russian Federation cut its natural gas supply to Georgia. In general, it is clear that diversification in energy import markets reduces the risk of socio-economic shocks following political tensions with other countries. Fortunately, Georgia managed to find an alternative to the Russian supply and started importing gas from Azerbaijan. This blog will review the current gas import situation and discuss the expected trends in natural gas supply security.
As Yergin (2006) notes, the primary fa...
Sep
28
Imagine spending some time in the countryside away from the noisy, dusty city, getting involved in agricultural activities, and discovering the local culture. This kind of tourism is called agritourism.
According to the World Tourism Organization’s data, tourist options in rural areas are increasing. According to specialists, this tendency is caused by middle aged people’s interest in spending their vacations in a quiet environment with less air pollution. This kind of tourism is financially more available and particularly suited to short vacations becau...
Sep
21
Governments around the world are racing against the clock to help communities damaged by the economic fallout of COVID-19. Eager to bring good news to their constituents, they are brokering deals likely to bring employment and much needed international investments. Georgia, of course, is no exception. Recent FDI projects include a plastics processing plant with a stated capacity to employ 400 local workers in plastic waste recycling jobs and the associated sections of the supply chain. In crises years, creation of jobs via FDI sounds absolutely great. Bu...
Our Partners
