05
November
2018
After a generation deficit of August, Georgia continues to exhibit a decreasing trend in power generation; compared to August, total electricity generation has decreased by 14% in September 2018. Georgian power plants generated 849 mln. kWh of electricity, while consumption of electricity on the local market was 955 mln. kWh.
05
November
2018
In October 2018, Georgian power plants generated 783 mln. kWh of electricity. This represents a 5% decrease in total generation, compared to the previous year (in 2017, total generation in October was 828 mln. kWh). The decrease in generation on a yearly basis comes from and decrease in hydropower (-1%) and thermal power generation (-17%), more than offsetting the increase in WPP generation (+4%).
29
October
2018
Have you ever thought about how Tbilisi would look if the existing old Soviet Union-era multi-story buildings were renovated and equipped with rooftop solar panels? There are several good reasons why this might be happening in the future, and why the government of Georgia might want to encourage this development.
29
October
2018
Growth projections for the 3rd and 4th quarters of 2018 were revised downward by less than 0.1 percentage points. They now stand at 7.2% and 6.4% respectively. Recently, Geostat published its preliminary estimate of real GDP growth for August, which now stands at 2%. As a result, the real GDP growth estimate for the first eight months of 2018 was reduced to 4.8%.
29
October
2018
Back in 2015 Georgian sheep market got into the spotlight due to the increased demand for sheep from Arabic countries. Prior to 2015, Azerbaijan was the most important export destination for live sheep, while in 2015, in addition to Azerbaijan, Georgian sheep was exported to United Arab Emirates, Jordan, Lebanon and Saudi Arabia.
