03
December
2019
Mountains cover 54% of Georgia’s territory. People living in those areas represent the most vulnerable group of Georgian society. Land erosion and climate change are prevalent in the mountains; unsustainable use of natural resources (forests in particular) and limited access to infrastructure pose significant risks to the lives of people there.
02
December
2019
On November 28-29, Deputy Head of the APRC Salome Gelashvili attended the annual "Dushanbe Economic Meeting 2019" conference in Tajikistan. The conference was organized in the framework of the "Towards Rural Inclusive Growth and Economic Resilience" project (implemented by) GIZ and was devoted to the topic of developing the competitiveness of the agro-industrial complex in Tajikistan.
29
November
2019
The Khachapuri Index continued its upward trend in November 2019, with the average cost of cooking one standard Imeretian Khachapuri reaching 4.1 GEL. This is 6.1% higher month-on-month (compared to October 2019), and 12.6% higher year-on-year (compared to November 2018).
28
November
2019
In October 2019, Georgian power plants generated 800 mln. kWh of electricity. This represents a 2% increase in total generation, compared to the previous year (in October 2018, the total generation was 783 mln. kWh). The increase in generation on a yearly basis comes from the increase of 8% in thermal and 0.4% in hydropower generation, more than offsetting the decrease in wind power generation (-19%).
27
November
2019
According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth constituted 5.7% year over year (y/y) in Q3 2019. As a result, estimated real GDP growth for the first nine months of 2019 amounted to 5.0%, which is above the National Bank of Georgia’s (NBG) growth forecast for 2019 (the forecast remained unchanged at 4.5%). Meanwhile, based on September’s data, ISET-PI expects annual growth in 2019 to be 4.9%.
