04
March
2019
The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.54 GEL in February 2019. This is 2.2% lower MoM (compared to January 2019), and 3.5% lower YoY (in comparison to February of 2018). The index having a downward trend at this time of the year is not unusual, and chiefly relates to the decreasing price of cheese (due to a higher supply of fresh milk).
26
February
2019
On February 26, 2019, the APRC participated in a meeting on sustainable land management and green agriculture in Georgia. The event was organized by REC Caucasus and gathered more than 60 participants from the public and private sectors. The representatives of different organizations (e.g., GIZ, IFAD, FAO), as well as a number of farmers, shared information on their projects and activities related to climate-smart agriculture and sustainable land management in Georgia.
22
February
2019
ISET-PI’s leading GDP indicator forecast, made at the beginning of the year, was more precise. At the time, we predicted 4.6% annual growth in the worst-case, “no growth” scenario, and 5.6% in the best-case or “average long-term growth” scenario. While our “middle-of-the-road” scenario predicted the exact 4.8% real GDP growth.
18
February
2019
In January 2019, the cost of cooking one standard Imeretian khachapuri decreased comparatively both annual and monthly, ranging between 3.56 GEL (Tbilisi) and 3.70 GEL (Kutaisi), with an average cost of 3.62 GEL. The new average price is 2.5% lower than in January 2018. As for the month-to-month development, the price of khachapuri is 3.5% lower compared to the previous month (December 2018).
14
February
2019
On February 14, Prof. Muhammad Asali delivered a research seminar and presented his work on the relationship between the labor market and the healthiness of the economy. The paper, entitled “Labor Market Discrimination and the Macroeconomy,” which is a joint work with his former student Ms. Rusudan Gurashvili, aimed at measuring and documenting the discriminatory wage gaps in Georgia within gender and ethnic dimensions.
