ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
May
03

Namakhvani HPP – Threat or Opportunity?

  INTRODUCTION The Namakhvani Hydropower Cascade is a system of two plants with a total capacity of 433 MW and potential yearly generation of 1496 mln. kWh (around 13% of the total generation in 2020). The HPP has been designed for the river Rioni, to be built just 20 kilometers or so from Kutaisi, one of the largest cities in Georgia. The project is operated by the Norwegian Clean Energy Group, with 10% shares, and the Turkish industrial conglomerate, ENKA Insaat ve Sanayi AS, holding 90%. It is also linked to a 15-year Power Purchase Agreement (PP...
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Apr
19

Tobacco Control in Georgia

  Smoking and passive smoking are some of the main problems for public health in Georgia. According to the WHO, 29.9% of adults in Georgia smoked tobacco in 2017. Smoking prevalence among males was 54.6% – fifth in the world and first in Europe. A study by UNDP suggests that about 0.4% of the adult population of Georgia die annually from tobacco-related diseases and the estimated total annual economic costs of smoking account for 2.4% of GDP. TOBACCO CONTROL POLICY AND TAXATION To reduce the health and economic harm of tobacco use, Georgia implement...
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Apr
12

Inflation of Trust

World economies hampered by the pandemic; countries facing public healthcare crises, with millions killed by COVID-19; thousands of cities under lockdown; social distancing and transformed social practices; countless institutions functioning online; the youth spending endless days and nights in front of computer screens; and, globally, over a year of online education. This is the reality in many countries around the world, including Georgia, in the spring of 2021. Arising like a spring syndrome, there also are signs of an inflation of trust throughout th...
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Apr
05

A Georgian Woman’s Burden: How Pandemic Affected Distribution of Household Work Between Men and Women, And Why It Matters.

The COVID-19 pandemic has changed our lives and perceptions in many important ways: the value we put on face-to-face interactions, the importance of personal space, communication with loved ones, and much more. Some of these perceptions and social changes may actually outlive the pandemic. During the prolonged lockdown periods many people were suddenly confronted with the “hidden” side of their economic lives – the realities of unpaid care work. Unpaid care is something that people do daily to maintain their own and their family’s well-being: cooking, cl...
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