Hazelnuts are one of Georgia’s top ten export commodities. During 2010-2020, hazelnuts accounted for around 4.4% of Georgia’s total exports (GeoStat, 2021). In 2013, the quantity of exported hazelnuts hit its maximum level at 30 ths tons, then decreased to 19 ths tons in the following years with an increase in the value indicating higher prices per exported kg of Georgian hazelnuts. In 2016, the quantity of exported hazelnuts amounted to 27 ths tons, which was the second highest indicator in the observed years (2010-2020) (Figure 1).
Hazelnuts are...
ISET Economist Blog
A blog about economics in the South Caucasus.
Jun
28
Mar
08
On February 15th 2021, export quotas on wheat, rye, maize, and barley entered into force in Russia. Russia also imposed customs tariffs and prohibitive duties amounting to 50% of customs value on these products.
WHAT DOES THIS MEAN FOR GEORGIA?
In general, the introduction of customs tariffs or quotas on exports is a part of a protectionist policy and is, more often than not, directed towards the protection of local producers and markets. Export quotas entail restrictions on the quantity of specific goods and services within an outlined period of time wi...
Dec
14
“Food safety risks cannot be entirely eliminated but must be managed along the entire food chain, from farm to table. Reducing food safety risks requires collaboration across sectors, stakeholders and national borders” Dr Hans Henri P. Kluge, WHO Regional Director for Europe.
It has been almost a year since the world started struggling with the challenges of the COVID-19 pandemic. Countries follow the recommendations and precautions provided by the World Health Organization (WHO) in order to prevent the spread of the virus. While various businesses, scho...
Oct
12
“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...
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