Editorial

The FINANCIAL -- All khachapuri ingredients, except eggs, have significantly increased in price in September 2014 relative to the same month of last year: cheese added 19.7%, flour - 17.2%, butter - 12%, yeast - 12%, and milk - 7.5%.  While Imeruli cheese is a unique Georgian product, all other khachapuri ingredients can be imported or produced domestically. According to GeoStat, in 2013, ...

The FINANCIAL -- In Georgia, employment is often found not through prevailing in fair, orderly selection processes, but through personal connections. This is a well-known fact almost nobody denies. ...

The FINANCIAL -- One day in my village, I saw our neighbors carrying TV sets, refrigerators, parabolic antennas, and washing machines out of their house. Soon I found out that they were hiding all ...

The FINANCIAL -- The conclusion of the Association Agreement (AA) with the European Union was euphorically acclaimed by Georgian media as well as political and economic decision makers. Part of the ...

The FINANCIAL -- Over the past decade, Georgia has undergone dramatic changes. A colored revolution ushered in a pro-Western regime, resulting in serious efforts to combat institutional corruption ...

The FINANCIAL -- On May 2, 2014, the Georgian parliament unanimously passed the law on the elimination of any form of discrimination. The stated objective of the law is to ensure that any physical or ...

The FINANCIAL -- Until recently, Coca Cola was the only manmade product with the greatest reach across our planet. No matter the political regime, religion or the distance from the nearest bottling ...

The FINANCIAL -- In the first part of this article (available on the homepage of The Financial and the ISET Economist Blog), I described some of the adverse incentives resulting from a social welfare ...

The FINANCIAL -- During my morning shower, I like to think about Georgia’s economic prospects and how the country should ...

Not surprisingly, the recent NATO summit in Wales has dominated headlines in the Georgian press. Unlike in previous years, officials in Tbilisi stuck to promises that Georgia was primed to receive ...