04
July
2023
On July 4th, a training session was organized by the ISET Policy Institute for ISET students, focusing on the topic "Business Models for Implementing Climate Technologies in the Transport Sector of Georgia."
03
July
2023
The global economy remains in a volatile state amid the prolonged effects of the combined negative shocks of the pandemic, Russia’s invasion of Ukraine, high inflation, and the tightening monetary policy. Although the global economy remained resilient at the beginning of the year, the situation is expected to worsen.
03
July
2023
In May 2023, Georgian power plants generated 1,325 mln. kWh of electricity. This represents a 9% decrease in the total generation compared to the previous year (in May 2022, the total generation was 1,461 mln. kWh). The decrease in generation on a yearly basis comes from a fall of 9% in Hydro and 6% in wind power, while thermal power generation increased by 89%.
30
June
2023
In the third and fourth quarters of 2022, Georgian power plants generated 4,193 mln. and 3,359 mln. kWh of electricity, respectively (Figure 1). This represents a +11.4% and -3.5% change in total generation compared to the corresponding periods of the previous year (in 2021, the total generation in Q3 was 3,766 mln. kWh and 3,479 mln. kWh in Q4).
30
June
2023
In June 2023, the National Statistics Office of Georgia issued its annual publication on the agricultural sector – Agriculture of Georgia 2022. The publication estimates that agriculture, forestry, and fishing comprised 7.5% of the GDP (constant prices) in 2022, which is lower than the 8% share in 2021, but in line with general trends over the last few years (agricultural GDP being 7-8% of GDP on average).
