Opinion

The FINANCIAL -- In May 2017, the average cost of cooking one standard Imeretian khachapuri declined to 3.14 GEL – a 5.4% decrease month-on-month (compared to April 2017). In annual terms (compared to May 2016), however, the Index gained 8.5%. 

The FINANCIAL -- Food safety has become an important aspect of agricultural policy for many countries (see, e.g., CAP). By definition, “Food safety refers to the conditions and practices that preserve the quality of food to prevent contamination and foodborne illnesses.” In other words, food safety aims to protect the health of humans, animals and plants at every stage of the food production chain in conformance with the "farm-to-table” principle established by the EU. 

The FINANCIAL -- In just a couple of weeks Baku is going to host the second Formula One Grand Prix in its history. Being in love with motor races and inspired by the fact that for the first time in my life I will attend such an important race (and the Land of Fire); I tried to explore the economic impact of hosting expensive international events for one’s country.  

The FINANCIAL -- According to the AGRIndex, in May 2017, VEGETABLES (-8.11%) and DAIRY (-12.81%) product prices continued declining m/m trend, while MEAT (-0.37%) and FRUITS (-9.58%) became cheaper for the first time in the year. As a result, m/m AGRIndex equaled to -4.06% in the last month. 

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