06
March
2023
In February 2023, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.94 GEL. This latest average price is 18.4% higher than in February 2022. While in month-to-month developments, the price of a khachapuri increased marginally by 0.1% compared to the previous month of January 2023.
01
March
2023
ReforMeter and the USAID Economic Governance Program hosted yet another public-private dialogue dedicated to assessing progress in regulatory impact assessment (RIA) institutionalization reform.
28
February
2023
On 28 February 2023, ISET hosted Ivailo Izvorski, World Bank’s Chief Economist for Europe and Central Asia, who delivered a seminar on 'Education and innovation for growth'. The seminar was well-attended by members of the academic community, researchers, and students. Izvorski discussed the important role that education and innovation play in promoting economic growth and development, as well as the opportunities and challenges of modern education systems.
28
February
2023
Russia’s invasion of Ukraine profoundly impacted the global economy, immediately sending shockwaves across the globe. The attack of a country that was once a major energy supplier to Europe on the country which was one of the top food exporters in the world, sent food and fuel prices spiraling, causing major energy shortages and the prospect of protracted recession in the United States and the European Union.
28
February
2023
According to Geostat's report titled “Tendency of Economic Growth, Indicators of Monthly Economic Statistics”, the real GDP growth in the fourth quarter of 2022 is estimated to be 9.5%, which has contributed to an overall annual real GDP growth of 10.1% in 2022.
