Letter/Announcement

From :	International School of Economics at TSU <newsletter@iset.ge>
To :	Ketevan Goginashvili <kgoginashvili@moh.gov.ge>
Subject :	ISET Policy Pulse, June 2019 Newsletter
Received On :	27.06.2019 11:41

Letter/Announcement

International School of Economics at Tbilisi State University (ISET)
ISET Policy Institute

• Monthly Online Newsletter •

ISET Policy Pulse

June 2019

Dear Friends of ISET,
Many in and outside of Georgia are currently worried that Russia’s ban on passenger flights to/from Georgia could be a serious blow to the Georgian tourism sector and the overall economy. ISET-PI decided to reflect on the "Gavrilov Effect" through a simple visual representation of economic activity statistics. According to the data, the share of tourism in Georgian economy is 7.6%, while the contribution of all Russian tourists is 1.8% and of those travelling by air is 0.5%. Here is the link to the aforementioned infographic (in Georgian). ISET-PI is committed to sharing knowledge with the Georgia’s population on the latest economic developments at all times!

On ISET’s behalf, Tamara Sulukhia, ISET Director

RESEARCH HIGHLIGHTS

➤ Trade Deficit Shrinks, as Exports, Tourism and Remittances Show Strong Growth in April. Please follow the link for GDP estimate dated June 2019

➤ Increased Wheat Production Worldwide and Georgian Khachapuri Index. Follow the link for more information

➤ Learn more about ISET-PI’s Real Estate Index for Q1 2019 and Real Estate Market Laboratory report, jointly produced with TBC Bank.

➤ May turned out to be a positive month for consumer confidence for younger than 35 and the older than 35 age groups. Yet, the overall Consumer Confidence Index (CCI) progressed at different degrees for each group. Here is the link for more

➤ All you want to know about Georgia’s electricity generation, consumption and trade in April 2019 is here in the Electricity Market Review

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IN CASE YOU MISSED IT

	The Dire State of Business Support Organizations in Georgia In technological terms, there has never been a better time to be a small or medium size business owner. Read more
	How Can You Be Sure? On the Agricultural Insurance in Georgia Agricultural production is associated with a variety of risks, including market, institutional, and production risks. Read more

	ISET hosts “Building capacity in modern data analysis in Georgia” Data Hackathon The close ties between ISET and the World Bank were reaffirmed once again. Read more
	Memorandum of Understanding between ISET and CENN On the 5th of June 2019, ISET and the CENN signed a memorandum of understanding (MoU). Read more

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