We were not off to a good start in 2012. On 20 January, we lost our dear Mzia Mikeladze. Her sudden passing away has shaken the entire ISET community but life had to continue… We created a memorial fund and a special scholarship to encourage young ISET students to remember Mzia and to follow in her footsteps.

We worked hard the whole year to make ISET an even better place: for work a nd study but also for fun with colleagues and friends. We finally managed to make ISET a truly regional enterprise by bringing to Tbilisi a lot of talented youth from Armenia and Azerbaijan. They are currently almost a half of the first year class.

With a bit of push and pull from the National Bank of Georgia, ISET Policy Institute (ISET-PI) developed its first analytical product in the Georgian language – a regular monthly review of the Georgian economy. The first issue of the report, covering October 2012 (the first post-election month) was presented to the Georgian public and media on December 19, 2012. Prepared by Giorgi Bakradze and a team of ISET-PI research fellows, this report reviews the main macroeconomic trends in Georgia taking account of the broader economic context of the region and the global market dynamics.

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