30
October
2023
In September 2023, Georgian power plants generated 1,118 mln. kWh of electricity. This represents a 6% decrease in the total generation compared to the previous year (in September 2022, the total generation was 1,194 mln. kWh). The fall in generation on a yearly basis comes from a decrease of 7% in hydro and thermal power generation by 7% and 5%, respectively, while the generation of wind power plants increased by 10%.
24
October
2023
On 24 October, Tamar Sulukhia, Director of ISET’s Policy Institute, participated in a panel discussion at an event hosted by the United Nations. This discussion covered numerous critical topics, such as creating decent jobs within the inclusive labor market, the importance of ensuring effective decentralization, etc.
23
October
2023
For the fourth quarter of 2023, business confidence in Georgia increased (by 2.4 index points) and reached 18.1. The highest increase in business confidence is observed in the trade (+21.7) sector. The positive change in BCI for Q4 2023 was driven by improved past performance as well as more optimistic expectations.
23
October
2023
Geostat has released its rapid estimate of real GDP growth for August 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January- August 2023 reached 7%.
18
October
2023
On 18 October, Tamar Sulukhia, Director of the ISET Policy Institute, took part in a panel discussion dedicated to the launch of the Systemic Country Diagnostic (SCD) Update for Georgia during an event organized by the World Bank. The report, entitled “Georgia: Keeping the Reform Momentum”, provides a comprehensive analysis of the developmental challenges and opportunities that the country requires to accelerate progress toward a reduction in poverty alongside shared prosperity in a sustainable manner.
