Geostat has released its rapid estimate of real GDP growth for February 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January-February 2023 reached 7.1%.

On April 24th and 27th, ISET Policy Institute held a two-day free Regulatory Impact Assessment (RIA) basic course for local government officials. RIA is one of the best mechanisms for evidence-based policy development, and the preparation of it became mandatory for a number of normative acts initiated by the government since 2020.

In March 2023, Georgian power plants generated 1,019 mln. kWh of electricity (Figure 1). This represents a 5% decrease in the total generation compared to the previous year (in March 2022, the total generation was 1,077 mln. kWh). The decrease in the generation on a yearly basis comes from a fall of 58% in thermal and 2% in wind power, while hydropower generation increased by 41%.

On 24 April, ISET Policy Institute, with support from the Swedish Embassy, met representatives from local non-governmental and international organizations, and from the Akhaltsikhe public and private sectors, in order to introduce its activities and key products.

Consumer Confidence Index (CCI) dynamics restored. The CCI rose from -34 in February to -28.8 in March, indicating an increase of 5.2 index points.