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December 2017 | CCI: 2017 was a good year for Georgian consumers (and producers, too)!
31 December 2017

Georgian Consumer Confidence (CCI) continued to improve, albeit slightly, in December 2017. CCI added 0.5 index points over November 2017, and 8.7 index points y/y, which is compared to December 2016. Interestingly, people’s perceptions of the recent past and expectations diverged in December. CCI’s Present Situation sub-index went down by 2.3 points m/m, from -23.2 to -25.5), whereas the Expectations sub-index went up by 3.4 index points (from -13.4 to -10).

December 2017 | Electricity Market Review
29 December 2017

In December 2017, Georgian power plants generated 1,080 mln. KWh of electricity. This corresponds to a 9% decrease in total generation, compared to the previous year (in 2016, total generation in December was 1,186 mln. kWh). The source of a decline in generation on a yearly basis is less thermal power generation.

December 25, 2017 Kh-Index | New year supra index – 2017 edition
25 December 2017

ISET-PI likes to keep tradition and cook up a New Year’s Supra Index for our readers. The Index shows the cost of a standard festive supra meal for a family of five to six people in each region of Georgia. Traditional dishes included in our calculations are: mtsvadi, satsivi (chicken in walnut sauce), khachapuri, trout, tabaka (fried) chicken, olivie salad, pkhali, cucumber&tomato salad, and for desert, fruit and gozinaki (caramelized walnuts fried in honey).

Is Less, More? On “Usakhelauri” Wine
25 December 2017

This summer I bought a small piece of land (0.15ha) in the village of Okhureshi to grow a vineyard. About 700 “Usakhelauri” vine seedlings planted on that land in November this year will soon provide the most scarce and expensive grapes in Georgia. In just in a couple of years the vines will mature, and I will enjoy something as nice as the neighboring vineyard depicted in the photo.

Who Gets to Eat from the Growing Pie?
23 December 2017

2017 is shaping up as one of the best years in Georgia’s post-2008 crisis history. The economy is expected to expand by about 5%, beating early expectations and official forecasts by the likes of the IMF and the World Bank. Based on updated GeoStat figures for Q1 and Q2, ISET-PI’s annual growth forecast currently stands at 4.9%.

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