06
November
2017
Recently, Geostat has released the preliminary estimate of the real GDP growth for the third quarter of 2017. The Q3 growth rate now stands at 4.4%, which is 1.5% below ISET-PI’s last forecasted value. As a result, the estimated real GDP growth for the first nine months of 2017 amounted to 4.7%.
31
October
2017
In October 2017, Georgian power plants generated 828 mln. KWh of electricity. This corresponds to an 8.7% decrease in total generation in comparison with the previous year (in 2016, total generation in September was 907 mln. kWh). The decline in generation on a yearly basis comes from a decline in thermal power generation and in hydro power generation.
31
October
2017
In 2013, as a follow-up to public consultations on improving the acting company law in Georgia, a working group was established to elaborate a new Draft Law of Georgia on Entrepreneurs (“Draft Law”). The working group was created under the Private Law Reform Council of the Ministry of Justice of Georgia, the USAID-funded Judicial Independence and Legal Empowerment Project, which was succeeded by the Promoting Rule of Law in Georgia (PROLoG) Activity, with both projects implemented by the East-West Management Institute (EWMI), was a cooperating partner
30
October
2017
On October 21, 2017, Georgia’s entire political map was painted in different shades of blue – the color of the ruling Georgian Dream (GD) party. GD won in all but one race in the country’s municipal elections – achieving solid majorities in all sakrebulo (city councils) and placing party-backed candidates as mayors in all cities and self-governing communities.
30
October
2017
The average cost of cooking one standard portion of Imeretian khachapuri increased up to 3.63 GEL in September 2017. This is 5.4% higher m/m (compared to August 2017), and 6% higher y/y (compared to September 2016).
