02
February
2021
For the first quarter of 2021, BCI increased by 32.1 index points and reached 3.4 after a significant deterioration in the previous quarter. Business confidence improved across all sectors, except retail trade, with the largest increase observed in the construction sector. The positive change in BCI, for Q1 2021, is driven by optimistic future expectations and improved past performance.
01
February
2021
Confidence is retreating after a recovery that lasted about 6 months. Last month, in spite of a slight decline of the CCI, we could hold on to the belief that we had reached a plateau in the recovery from the low numbers observed last April.
29
January
2021
In 2020, Georgian power plants generated 11,160 mln. kWh of electricity. This represents a 6% decrease in total generation, compared to the previous year (in 2019, total generation was 11,865 mln. kWh). The decrease in generation on a yearly basis comes from decrease in hydro (-8%) and thermal power (-1%), more than offsetting the increase in wind power generation (+7%).
29
January
2021
In January 2021, the average price of cooking one Imeretian khachapuri stood at 4.84 GEL. Compared to the previous month (December 2020) the Khachapuri Index lost 3.5%. In annual terms (compared to January 2020), however, the index added 12.6%. As shown in the chart, all khachapuri ingredients except eggs contributed to the yearly inflation of the Khachapuri Index. The price of only one ingredient – eggs – decreased by 1.9% compared to the previous year (January 2020).
25
January
2021
The real GDP growth rate amounted to -7.7% year-on-year for November 2020. Consequently, the estimated real GDP for the first eleven months of 2020 was -5.9%. Recently, Geostat has released its preliminary estimate of real GDP growth for the third quarter of 2020. The Q3 growth rate was -5.6% (down by 0.5 ppt relative to the forecast).
