ISET-PI’s forecasted real GDP growth for the first two quarters of 2019 remain at 4.3% and 4.6%, respectively. Geostat has released its rapid estimate of real GDP growth for February 2019. Their estimated growth stands at 4.6%, while the average real GDP growth for January-February 2019 reached 4.1%.

ISET is pleased to announce that the institute’s new Director, Dr. Tamara Sulukhia has begun her tenure. Tamara joins ISET at an exciting time, as the student pool continues to grow with the expanding BA program, and ISET Policy Institute’s research becomes further renowned in academic circles.

On April 3, ISET hosted a knowledge-sharing event by ADB Regional Gender Consultant, Ketevan Chkheidze. The public lecture (which was entitled ‘Gender in Development: Practices, Challenges and Opportunities’) was dedicated to the issue of developing gender equality in the context of Georgia.

In March 2019, the average cost of cooking one standard Imeretian khachapuri declined slightly to 3.51 GEL, which is 0.8% lower MoM (compared to February 2019), and 1.1% lower YoY (compared to March 2018).

In February 2019, Georgian power plants generated 939 million kWh of electricity, which compared to the previous year represents a 0.5% increase in total generation. On the demand side, consumption amounted to 1,037 mln. kWh, a 2% decrease on an annual basis. Although the negative gap between generation and consumption decreased by 22% (from -126 to -98 mln. kWh), compared to the corresponding month of the previous year, it remained substantial.