Circular economy and integrated waste management are both concepts we often hear when discussing issues of ecological well-being or climate change. This way of imagining the economy has already gained a foothold in many countries. The idea of the circular economy itself implies a different attitude towards patterns of production and consumption, that which aims to minimize wasted resources.
For the second quarter of 2022, business confidence in Georgia decreased (by 2.2 index points) and reached 15.1. The highest decrease in business confidence is observed in construction (-29.7), and wholesale and retail trade (-7.6) sectors. The negative change in BCI for Q2 2022 was driven by significantly worsened past performance.
In March 2022, Georgian power plants generated 1,077 mln. kWh of electricity (Figure 1). This represents a 63% increase in total generation, compared to the previous year (in March 2021, the total generation was 661 mln. kWh).
Gender inequality has been a persistent (albeit steadily improving) problem for years. The COVID-induced crisis put women in a disproportionately disadvantaged position, jeopardizing decades of progress achieved towards equality between men and women.
On February 24th, 2022, Russia invaded Ukraine. This event not only marked the collapse of a painstakingly built global security architecture and destroyed the lives and livelihoods of millions of civilians in the heart of Europe, it also put the world on the brink of the largest nuclear, humanitarian, and ecological catastrophe since WWII.