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On February 19th, ISET hosted Lasha Chochua from the University of Bielefeld. Mr. Chochua presented the preliminary version of his paper "Endogenous Trade Policy in the Presence of Lobbying and Heterogeneously Ignorant Voters" coauthored with George Papava from the University of Chicago. This was a very exceptional presentation as both Mr. Chochua and Mr. Papava are ISET graduates of the very first, Class 2008.
Before presenting his paper, Mr. Chochua shared his personal experience as an ISET graduate, stating that the two years that he spent here, were the best years of his life in terms of studying and gaining friends.
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On February 18, the European Bank for Reconstruction and Development’s (EBRD) lead economist for Central Asia and Georgia, Agris Preimanis, delivered two presentations at ISET titled: 1) “Oil-driven Russia downturn adds to weakness in EBRD economies” and 2) “Innovation in Transition”. In both presentations, Mr. Preimanis paid attention to Georgia and showed its standing in the midst of current global economic challenges.
In the first presentation, Dr. Preimanis explained Russia’s ongoing economic situation and outlook in 2015, which is not promising at all: there is a slowdown of growth (- 4.8%) and the collapsing of the Ruble (which lost almost half of its value in one year, January, 2014 / January, 2015).
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