05
March
2019
There is an ever-increasing need for pioneering methods to reduce, reuse and recycle the products and materials around us. Innovative companies can help lead the way towards a circular economy (aimed at minimizing waste and making the most of existing resources), and a few seem to hold the key to a more sustainable future.
04
March
2019
The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.54 GEL in February 2019. This is 2.2% lower MoM (compared to January 2019), and 3.5% lower YoY (in comparison to February of 2018). The index having a downward trend at this time of the year is not unusual, and chiefly relates to the decreasing price of cheese (due to a higher supply of fresh milk).
13
February
2019
In preparation for the COP24 climate change conference in Poland, in December 2018, researchers published a report from the Intergovernmental Panel on Climate Change (IPCC) outlining how significant the consequences of climate change would be following a global increase in temperature of just a half degree, from 1.5 to 2 degrees C. In the wake of the newly released IPCC report, alongside William Nordhaus’ Nobel Memorial award, this year’s winner in economics, a heated debate has surfaced.
21
January
2019
Geostat updated its preliminary estimate of real GDP growth for the third quarter of 2018. The Q3 estimate was revised downward to 3.7% (0.3 percentage points lower than the previous estimate). The real GDP growth rate reached only 2.2% year-on-year for November 2018. Consequently, the estimated real GDP for the first eleven months of 2018 was revised downward to 4.7%.
24
December
2018
According to Geostat’s figures, in the third quarter (Q3) of 2018, Georgia’s real GDP experienced growth of 4% year over year (YoY). Despite the slowdown of the growth rate compared to the previous quarters, IMF recently revised their forecast of economic growth for Georgia upwardly, from 4.5% to 5.0%. Forecasts for other international organizations and the National Bank of Georgia (NBG) remained the same, while ISET-PI, based on October’s data, expect annual growth in 2018 to be 4.6% YoY.
