In September 2023, Georgian power plants generated 1,118 mln. kWh of electricity. This represents a 6% decrease in the total generation compared to the previous year (in September 2022, the total generation was 1,194 mln. kWh). The fall in generation on a yearly basis comes from a decrease of 7% in hydro and thermal power generation by 7% and 5%, respectively, while the generation of wind power plants increased by 10%.
In October 2023, the cost of preparing one standard Imeretian khachapuri increased monthly and reached 6.13 GEL. The latest average price is 4.2% higher month-on-month (compared to September 2023) and 6.8% lower year-on-year (compared to October 2022).
ReforMeter and the USAID Economic Governance Program hosted yet another public-private dialogue dedicated to assessing progress in regulatory impact assessment (RIA) institutionalization reform.
On 24 October, Tamar Sulukhia, Director of ISET’s Policy Institute, participated in a panel discussion at an event hosted by the United Nations. This discussion covered numerous critical topics, such as creating decent jobs within the inclusive labor market, the importance of ensuring effective decentralization, etc.
Geostat has released its rapid estimate of real GDP growth for August 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January- August 2023 reached 7%.