Support the Families of Mariam and Ivlita
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Dear ISET Сommunity, Friends and Colleagues,
It is with deep regret and sadness that ISET confirms that two of our beloved students, Mariam Kutelia and Ivlita Jibuti, became the victims of catastrophic flooding in Tbilisi on June 13th. The whole international community mourns for Georgia, but this news is particularly painful for ISET. It is a terrible tragedy that affected all of us. The life at ISET will never be the same.
With less than two weeks remaining before graduation, Mariam and Ivlita were studying together in Ivlita’s house when the flood struck shortly after midnight. Their classmates and staff have been gathered at the school ever since learning about the tragedy, trying to help rescuers to find the girls alive. Unfortunately, we have lost all hopes and the reality is very severe.
Brian Kuns: Swedish Black Earth
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On Thursday, June 11th, ISET hosted Mr. Brain Kuns, Ph.D. student at the University of Stockholm, who presented his doctoral work titled “Swedish Black Earth: The trials and tribulations of the publicly listed, investor-led, Western farming model in Russia and Ukraine”.
In his study Mr. Kuns had examined four super large-scale Nordic owned publicly traded corporate farms operating in Russia and Ukraine from 2006-2007. As Mr. Kuns highlighted, despite the scales of the farms, modern technologies and, in general, implemented western farming models, these agro corporations are not profitable for investors. The author tried to address the main question – why have these investments not been successful? The study showed that the main reason of these unsuccessful investments was the mixed role that finance played in the corporations – investors were more interested solely in land than in production on that land. More specifically, investors acquired large amounts of land at lower prices compared to land prices in Nordic countries with the expectations of price increase. In addition, some investors did not properly appreciated the unique climatic and other local challenges in the region.
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