30
November
2015
After the collapse of the Soviet Union in 1991, the newly independent state underwent serious turmoil, including civil war, deteriorated governance, depreciation of critical infrastructure, and endemic corruption. But after the Rose Revolution in 2003, the country began to implement major political and economic reforms
05
November
2015
In August 2015, domestic production in Georgia increased by 2.3% annually – a figure that is expected to retain stability around this year’s overall trend. Consumer price inflation reached its highest value in two years (5.4%). The August 2015 increase in electricity tariffs and the growing number of tourist arrivals put additional upward pressure on consumer price inflation.
30
October
2015
The final growth forecast for the third quarter of 2015 has not changed significantly since last month (declining by only 0.02%) and remains at 2.6%. Similarly, the second growth forecast for the fourth quarter of 2015 is still 3.8%.
24
September
2015
International crude oil prices, which have hovered at $110 per barrel for the last three and a half years, started a sudden and abrupt downfall in August 2014, reaching a $50 per barrel mark in just five months. More than a year after the event, it looks like the oil price of $50 per barrel is here to stay, at least for the foreseeable future.
17
September
2015
In July 2015, domestic production in Georgia increased by 3% annually, maintaining a stable and positive trend. Consumer price inflation reached the highest value (4.9%) in two years. The 1 August 2015 increase in electricity tariffs is likely to put some additional upward pressure on consumer price inflation in the coming months.
