ISET’s Khachapuri Index continued an increasing trend in October 2018, which is very much in line with the annual seasonal trend. The average cost of cooking one standard Imeretian khachapuri currently stands at 3.59 GEL, which is 1.1% higher month-on-month (compared to September 2018), and 1.2% lower year-on-year (compared to October 2017).

Have you ever thought about how Tbilisi would look if the existing old Soviet Union-era multi-story buildings were renovated and equipped with rooftop solar panels? There are several good reasons why this might be happening in the future, and why the government of Georgia might want to encourage this development.

Growth projections for the 3rd and 4th quarters of 2018 were revised downward by less than 0.1 percentage points. They now stand at 7.2% and 6.4% respectively. Recently, Geostat published its preliminary estimate of real GDP growth for August, which now stands at 2%. As a result, the real GDP growth estimate for the first eight months of 2018 was reduced to 4.8%.

Is it possible to make long-term predictions on how climate change and the economy co-evolve as a means to understand the impact climate change has on the economy? Or for that matter, in what ways governments could encourage technological innovation in order to assure the continuation of economic growth?

The average cost of cooking one standard Imeretian khachapuri in September 2018 was 3.56 GEL, which was 3.7% higher month-on-month (m/m, as compared to the previous month), and 2.1% lower year-on-year (y/y, as compared to the same month last year). However, khachapuri became cheaper for those earning in foreign currency as a result of the y/y depreciation of the lari relative to both the USD and EUR in September 2018.