On March 14, the ISET Policy Institute organized a roundtable discussion on Food Prices, Price Controls, and their Potential Impact on Georgia’s Economy. The event was attended by experts from local and international institutions who shared their views and exchanged ideas on proposed policy solutions.

In January 2023, Georgian power plants generated 1,111 mln. kWh of electricity. This represents an 8% increase in the total generation compared to the previous year (in January 2022, the total generation was 1,025 mln. kWh).

The OECD, in partnership with the ITF, is set to conduct an analytical study focusing on Türkiye, Georgia, Azerbaijan, and Kazakhstan—the key countries of the Middle Corridor. The study aims to pinpoint bottlenecks and reform requirements related to infrastructure, trade facilitation, and political support.

Russia’s invasion of Ukraine profoundly impacted the global economy, immediately sending shockwaves across the globe. The attack of a country that was once a major energy supplier to Europe on the country which was one of the top food exporters in the world, sent food and fuel prices spiraling, causing major energy shortages and the prospect of protracted recession in the United States and the European Union.

According to Geostat's report titled “Tendency of Economic Growth, Indicators of Monthly Economic Statistics”, the real GDP growth in the fourth quarter of 2022 is estimated to be 9.5%, which has contributed to an overall annual real GDP growth of 10.1% in 2022.