08
May
2014
After suffering a temporary setback in April 2014, the year-on-year growth rate in May is back to upper single digits (6.3%). However, macro indicators suggest that the economic landscape has hardly changed between April and May.
22
April
2014
On April 8, representatives of the European Bank for Reconstruction and Development (EBRD) presented their Transition Report at ISET. EBRD’s lead economist for Georgia, Bojan Markovic, spoke about the reform progress and economic developments in the year 2013 across the wider transition region, which includes Georgia.
14
April
2014
After a few months of strong GDP growth (November 2013-March 2014) a sharp decline in growth rate to only 2.7% (y-o-y) comes as an unwelcome surprise. According to the national statistics office, the VAT payers’ turnover is down and electricity demand has declined compared to April of last year.
11
April
2014
The growth forecast for the 1st quarter of 2014 has been revised upward from 5.3% to 7.3%. The growth forecast for the 2nd quarter of 2014 has been targeted at 7.0%. Meanwhile, Geostat has released an official quarterly growth GDP rate for the last quarter of 2013 and it is quite impressive 7.1%.
17
March
2014
The recently published government strategy “GEORGIA 2020” aims “to ensure that the majority of Georgia’s population benefits from economic growth”. The natural million-dollar question, however, is how this “inclusive growth” objective could be achieved in reality. In other words, how to make sure that the economy grows while creating jobs and business opportunities for the poor.
