23
October
2019
In September 2019, Georgian power plants generated 821 mln. kWh of electricity. This represents a 3% decrease in total generation, compared to the previous year (in September 2018, the total generation was 849 mln. kWh). The decrease in generation on a yearly basis comes from the decrease of 11% separately in wind and hydropower generation, more than offsetting the increase in thermal power generation (+29%).
23
October
2019
The biennial Tbilisi Silk Road Forum was held from October 22-23, an event of the utmost importance for Georgia’s economic development. With over 2,000 people in attendance, the Forum gathered together policymakers, businesses, community leaders, and academics to discuss trade and connectivity, as well as examine the challenges facing countries along the New Silk Road.
21
October
2019
ISET-PI’s forecast of real GDP growth for the third quarter (July-September) of 2019 remains at 7.1%, unchanged from last month’s prediction. While the third estimate for the fourth quarter (October-December) growth forecast stands at 5.5%. Geostat recently published its preliminary estimate of real GDP growth for August, which currently stands at 5.8%. As a result, the real GDP growth estimate for the first eight months of 2019 was reduced to 5%.
17
October
2019
On October 17, the APRC’s Rati Kochlamazashvili presented the results of a study of Value Added Tax (VAT) Exemption Impact for Increasing the Competitiveness of the Georgian Dairy Sector to dairy sector stakeholders, including farmers, dairy processors, and associations, as well as representatives of government bodies and parliament.
11
October
2019
Historically, the main concern in monitoring the Georgian electricity market derives from the negative generation-consumption gap arising in the winter season. However, persistent electricity deficits over ten months between August 2018 and August 2019 suggest that the number of months characterized by a negative generation-consumption gap might be on the rise. Looking at Figure 1 below, generation can only clearly be seen to exceed consumption twice during the past 12 months, in May and June.
