In September 2022, Georgian power plants generated 1,194 mln. kWh of electricity. This represents an 8% increase in the total generation compared to the previous year (in September 2021, the total generation was 1,101 mln. kWh).

During a meeting held at Rooms Hotel Tbilisi on 2 November, Mariam Katsadze and Giorgi Papava from a research team at ISET Policy Institute presented the results from the latest assessment of the economic dimensions within local creative industries.

In the first and the second quarters of 2022, Georgian power plants generated 3,107 mln. and 3,663 mln. kWh of electricity, respectively. This represents a 27.9% and 35.3% increase in total generation compared to the corresponding periods of the previous year (in 2021, the total generation in Q1 was 2,429 mln. kWh and 2,708 mln. kWh in Q2).

The Estonian model of Corporate Income Taxation (CIT) that came into force on January 1, 2017, in Georgia is based on the distributed profit taxation regime, according to which retained corporate income is tax-free, and profit is taxed at 15% only when distributed.

The National Statistics Office of Georgia (GeoStat) recently published its economic review for II Quarter 2022. Their publication highlights that agricultural production increased by 10.9% in the second quarter of the year compared to the same period of 2021.