14
September
2020
On the 5th of August, a list of planned legislative amendments for regulating the functioning of the labor market passed their second reading in parliament. These amendments, which are also likely to pass their third and final reading in the coming weeks, are expected to improve workers’ protection.
27
August
2020
In July 2020, Georgian power plants generated 1,010 mln. kWh of electricity. This represents a 4.3% decrease in total generation, compared to the previous year (July 2019, the total generation was 1,055 mln. kWh). The decrease in generation on a yearly basis comes from the decrease of 8.4% in hydro power generation and more than 20% decrease in wind power generation, partially compensated by an increase in thermal power generation.
10
August
2020
The APRC is conducting a Regulatory Impact Assessment (RIA) of the Draft Law on Agritourism. Based on the findings, the RIA team will provide recommendations on policy options for implementing the proposed regulation in an inclusive and sustainable way.
03
August
2020
In comparison to Q1 2020, the GEO real property market contracted significantly by 45.5% in Q2 2020 (from 27,273 units sold in Q1 2020 to 14,855 in Q2 2020) while the annual decrease was observed at 53.6% (YoY) compared to Q2 2019.
28
July
2020
In June 2020, Georgian power plants generated 999 mln. kWh of electricity. This represents a 16.6% decrease in total generation, compared to the previous year (June 2019, the total generation was 1,198 mln. kWh). The decrease in generation on a yearly basis comes from the decrease of 16% in hydro power generation and more than seven-fold decrease in thermal power generation offsetting an increase in wind power generation (+21% compared to June 2019), which remains however below 1% of total generation.
