The FINANCIAL -- The second of May, 2015, may well go unnoticed by historians of the future; but I am convinced that it marks a watershed not only in Georgia’s recent evolution – but also, maybe, in the history of our times...

The FINANCIAL -- Currently, farming in Georgia is a “by default activity” – the vast majority of Georgian “farmers” are not really farmers in a professional sense but rather people who try to survive by growing agricultural products. When traveling through Georgia’s countryside, one sees immediately that it is mainly the older generation which has to resort to this default activity. Those who have more profitable opportunities leave for the cities, and these are almost exclusively young people. 

The FINANCIAL -- ISET’s Khachapuri Index kept declining in April, very much in line with the multi-year seasonal trend (see chart).  The average cost of cooking one standard Imeretian Khachapuri currently stands at 2.96 GEL, which is 3.2% lower month-on-month (m/m, that is compared to March 2015), and 11.4% lower year-on-year (y/y, that is compared to April 2014).

The Eastern Partnership is a culturally diverse grouping of five states that have found themselves locked in a contest between European and Russian influence. Given the EaP initiative’s political nature, divisions within these countries are often framed as simply pro-Russian vs. pro-European, which are often viewed as culturally uniform and distinct from each other.

The FIANNCIAL -- As often discussed on his page, seasonal dynamics of the Khachapuri Index are mainly driven by extremely sharp fluctuates in the supply of fresh milk, which directly affects the prices of traditional dairy products such as Imeretian cheese.

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