In 2018, Georgian power plants generated 12 154 mln. kWh of electricity. This represents a 5% increase in total generation, compared to the previous year (in 2017, total generation was 11 531 mln. kWh) (Figure 1). The increase in generation on a yearly basis comes from increase in hydropower (9%), more than offsetting the decrease in thermal (-5%) and wind power generation (-4%).

Why do we care about competitiveness in energy markets? And, what are the benefits of increased competition from the supply side of the electricity market?

In December 2018, Georgian power plants generated 986 mln. kWh of electricity. This represents a 9% decrease in total generation, compared to the previous year (in 2017, total generation in December was 1080 mln. kWh. The decrease in generation on a yearly basis comes from decrease in thermal power (-30%), more than offsetting the increase in hydro (+3%) and wind power generation (+11%).

The GEO real property market grew by 2.4% in Q3 2018, in comparison with Q2 2018. While the annual increase was more pronounced at 24.3% (YoY), in comparison with Q3 2017. Tbilisi dominated the real property market with a 44.4% share in total sales in Q3 2018.

ISET would like to congratulate resident faculty members Muhammad Asali, Norberto Pignatti, and Sophiko Skhirtladze on the publication of their new article, entitled “Employment discrimination in the former Soviet Union Republic: Evidence from a field experiment” and published in the Journal of Comparative Economics.