Pressure on environmental conditions has been increasing over the years in Tbilisi due to several factors:
• Population increase – according to the National Statistics Office of Georgia (GeoStat), the capital’s population has increased by 8% over the last ten years;
• Tbilisi is the center of Georgian business operations – GeoStat reveals that, by January 2020, 42% of economically active organizations were located in Tbilisi;
• These two factors are strongly associated with high levels of activity in the construction sector – according to GeoStat, 48% of...
ISET Economist Blog
A blog about economics in the South Caucasus.
Nov
09
Nov
02
As the Georgian Lari (GEL) briefly depreciated in September 2020, the National Bank of Georgia (NBG) once again became the subject of criticism for not being able to stabilize the exchange rate even though it had injected 120 million US$ in the economy. At a press conference (2020/09/16), the President of the NBG objected that the aim of the injection of US$ was not to strengthen the GEL since the NBG operated under a floating exchange rate policy. Rather, he went on to explain, the NBG’s constitutional duty was to ensure price stability on the basis of ...
Oct
26
Last week Georgians took part in largely proportional parliamentary elections. Dozens of parties were registered as election contestants. To what extent do their visions coincide with yours in different important areas of public policy? You can get a detailed answer to these questions on the digital platform "Election Compass Georgia".
According to a recent public opinion poll conducted by the International Republican Institute (IRI), for 72 percent of the population, one of the two most important components of a political party's election program is the...
Oct
19
When the Georgian unemployment statistics for Quarter 2 (April, May, June) of 2020 came out, no one was surprised to see that the national unemployment rate, which had been falling steadily over the previous quarters, and even years, suddenly increased by 0.9 percentage points relative to the same quarter of 2019 (more precisely from 11.4% in Q2 2019 to 12.3% in Q2 2020). Perhaps we were more surprised by the fact that the unemployment rate did not go up more drastically in the midst of a strict lockdown, various travel restrictions, and quarantine measu...
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