In September 2022, the Khachapuri Index continued its upward trend and reached 6.30 GEL. The figure is 5.6% higher month-on-month compared to August. Furthermore, Khachapuri Index increased by 38% year-on-year (compared to September 2021).

The National Statistics Office of Georgia (GeoStat) recently published its economic review for II Quarter 2022. Their publication highlights that agricultural production increased by 10.9% in the second quarter of the year compared to the same period of 2021.

Following the tentative recovery observed in 2021, global economic conditions worsened significantly in 2022 (IMF, July 2022). Russia’s invasion of Ukraine on 24 February 2022 caused global economic growth estimates to drop for the first time since 2020.

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2022, which now stands at 7.1%.

On September 28th Workshop on Road Safety and CSOs in the Eastern Partnership Countries was held, sponsored by the World Bank.