Opinion

If I had to say what the biggest loss was for Georgia since our independence in 1991, I would say time. All of the advances and progress we’ve made should have been done much more quickly. This is due to so many reasons – regime change, invasion, too little assistance from the West (although I can’t imagine where we would be without the assistance we have gotten). 

The FINANCIAL -- A question of causality: Does modernization of agriculture lead to economic growth or does growth induce a modernization of the agricultural sector? For many years, this question has been hotly debated among development economists. While those economists who believe in growth-led agriculture (GLA) were dominating until recently, now the proponents of agriculture-led growth (ALG) are afloat again. Which insights does this debate yield for Georgia?

The FINANCIAL -- In October 2016, the average cost of cooking one standard portion of Imeretian Khachapuri was 3.39 GEL, which is 1% lower month-on-month (compared to September 2016), and 6.1 % lower year-on-year (compared to October 2015).

The FINANCIAL -- “As one of the world’s top five countries in per-capita water resources, Georgia is blessed with countless waterways of myriad sizes and types” - reiterated Ms. Mariam Aleksidze, Conference Producer at Green World Conferences. Yet only 18% of waterways harboring high electrical-generating capacity have been developed, leaving most of this abundance untapped. Hundreds of Georgia’s 26,000 rivers - with a Greenfield-site hydropower plant potential of 20 TWh - remain undeveloped. 

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