31
May
2021
The average cost of cooking one standard Imeretian khachapuri currently stands at 4.33 GEL, which is 6.9% lower month-on-month (compared to April 2021), and 5.6% higher year-on-year (compared to May 2020). The main contributor to the price change is a seasonal decrease in the price of cheese, which fell by -13.1%, compared to the previous month (April 2021).
31
May
2021
The International Labour Organization (ILO) Domestic Workers Convention, 2011 (No. 189), aims to promote decent work for all and to ensure fundamental protections and rights to domestic
28
May
2021
In April 2021, Georgian power plants generated 825 mln. kWh of electricity. This represents a 13% decrease in total generation, compared to the previous year (April 2020, the total generation was 944 mln. kWh). The decrease in generation on a yearly basis comes from the decrease of 4% in hydropower generation, as well as, from decrease in the generation of thermal and wind power by 56% and 18%, respectively.
28
May
2021
ISET’s is pleased to announce that two of our lead economists, Yasya Babych and Luc Leruth, have teamed up to create their latest blog (Balancing ‘Maintenance’ and ‘Investment’) alongside Christiane Roehler, a Senior Economist at IMF. Their blog is currently available directly on the IMF’s blog platform.
24
May
2021
Geostat has released its GDP growth estimate for the first quarter of 2021. The Q1 growth stands at -4.2%, which is 1.2 percentage points above the recent ISET-PI forecast. ISET-PI’s forecast of real GDP growth for the second quarter of 2021 stands at 12.2% -up from 11% in April. The third-quarter growth forecast currently stands at 3.3%.
