Education in Georgia is essentially the responsibility of the public sector (the vast majority of total enrolmentin the case of General education) and has received a lot of attention in recent years with public outlays to the sector tripling between 2010 and 2019 to reach 3.6 percent of GDP. This remains low by OECD standards, however: OECD countries spend on
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Volski: “The ministers’ salaries have decreased significantly as compared to 2012. The
The FINANCIAL -- In October 2017, domestically produced VEGETABLE prices increased by 11.3% in month-to-month terms and this is the biggest increase since the last January.
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The FINANCIAL — Nikoloz M., 65, from the Imeretian village of Jikhaishi, invested around 15,000 GEL into his 8.5 ha hazelnut orchard in 2012, hoping that one day his initiative would turn into a profitable business. Nikoloz was on his way to
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The FINANCIAL -- Economy
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The FINANCIAL -- The cost of cooking one standard Imeretian khachapuri in October 2017 varied from 3.04 GEL to 4.18 GEL. The average price was 3.64 GEL, which is just slightly (0.1 %) lower than the previous month (September 2017). In annual
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The FINANCIAL -- Highlights of this issue:
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The FINANCIAL -- Economy
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The FINANCIAL -- Forest fires pose a threat to human life and property. As we discussed in one of the previous ISET Economist blogs, most countries throughout the world, Georgia included, suffered from an unusually high number of forest fires during the
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The FINANCIAL -- The AGRIndex increased with moderate +1.4% in October 2017 compared to the September 2017 and the biggest share of this increase came from the gain in VEGETABLE (+11.2%) prices. DAIRY (+2.7%) products and FRUIT (+0.1%) became also expensive in
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The FINANCIAL -- Economy
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The FINANCIAL -- For several consecutive years, we have been observing a seasonal spike in Consumer Confidence Index (CCI) coinciding in time with young wine festivals (rtveli) and post-harvest euphoria in rural Georgia. Not this year. In September 2017, CCI lost 2.6
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