06
March
2023
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).
28
February
2023
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.
28
February
2023
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.
20
February
2023
Historically, hazelnuts have been one of Georgia’s main crops in terms of economic value; as the country is located on the Black Sea coastal area, which has suitable soil and climate conditions for growing hazelnuts. Even as early as the fourth century B.C., populations grew wild forms of hazelnut, which later adapted to local conditions and formed regional varieties (GEONUTS, 2023).
20
February
2023
ISET Policy Institute, in partnership with UNDP, has launched a new project, entitled "Developing RIA SME Test Methodology for Georgia", with the aim of strengthening the Government’s capacity to analyze policy impacts on SMEs by providing essential tools, knowledge, and practical experience.
