30
April
2024
For the second quarter of 2024, business confidence in Georgia decreased slightly (by 1.3 index points) and reached 16.4. The highest decrease in business confidence is observed in the trade (-7.4) sector. The negative change in BCI for Q2 2024 was driven by decreased past performance as well as less optimistic expectations.
25
April
2024
Due to a recent update in Geostat's GDP calculation methodology in December, revised growth rates show an upward trend compared to the previous month's figures. Consequently, our forecast for GDP growth has been adjusted upwards to reflect this change.
22
April
2024
In March 2024, Georgian power plants generated 1,130 mln. kWh of electricity. This represents an 11% increase in the total generation compared to the previous year (in March 2023, the total generation was 1,019 mln. kWh). The rise in generation on a yearly basis comes from an increase in the generation of thermal and wind power plants by 90% and 20%, respectively while hydropower plant generation decreased by 10%.
19
April
2024
An international workshop on agricultural value chains in the South Caucasus region will take place in Tbilisi, Georgia, from 3 to 5 October 2024. Contributions can be submitted from now on.
12
April
2024
On April 12, the ISET Policy Institute hosted an enlightening presentation titled 'The Asian Development Outlook 2024,' spearheaded by Mr Kiyoshi Taniguchi, Regional Lead Economist at the Asian Development Bank (ADB).
