ISET Professor Norberto Pignatti recently attended the international IZA/Volkswagen Foundation Workshop: Preferences, Personality Traits, and the Labor Market held in Bertinoro (Italy) on the 6th and 7th of October. Professor Pignatti was invited to present his research about the role of risk preferences in labor market choices in the Georgian labor market.
After hitting an all-time high in JUN-17, the GEO real property market slowed down in JUL-17 (-13.8% MoM), but gradually recovered during the next two months: AUG-17 (+6.5% MoM) and SEP-17 (+3.8% MoM). Despite the slowdown, with a total of 24 848 property sales, the GEO market in Q3 2017 grew by 0.7% compared to the previous quarter, and 5.9% against Q3 2016.
In September 2017, Georgian power plants generated 820 mln. kWh of electricity. This corresponds to a 3% increase in total generation in comparison with the previous year (in 2016, total generation in September was 798 mln. kWh). On a monthly basis generation decreased by21% with respect to August 2017 (in August 2017, total generation was 1,035 mln. kWh).
In August 2017, Georgian power plants generated 1,035 mln. kWh of electricity. This corresponds to an 8% increase in total generation in comparison with the previous year (in 2016, total generation in August was 957 mln. kWh). Generation decreased by 17% with respect to July 2017 (in July 2017 total generation was 1,247 mln. kWh).
In July 2017, Georgian power plants generated 1,247 mln. kWh of electricity. This corresponds to an 18% increase in total generation compared to July 2016, when total generation of electricity was 1,061 mln. kWh. Generation also increased by 10% compared to June 2017 (1,138 mln. kWh).