On 26 July, a research team from ISET Policy Institute conducted a one-day training course for members of the LC Waikiki financial team and their top regional management.

The average cost of cooking one standard portion of Imeretian Khachapuri stood at 5.39 GEL in June 2022. This is 2.7% lower MoM (compared to May 2022) and 28.1% higher YoY (compared to June 2021).

Between 5-9 July, ISET-PI together with UN Women conducted a four-day training module on “Gender and Economics” for representatives of numerous Georgian CSOs in Borjomi.

In May 2022, Georgian power plants generated 1,461 mln. kWh of electricity. This represents a 20% increase in the total generation compared to the previous year (in May 2021, the total generation was 1,221 mln. kWh). The increase in the generation on a yearly basis comes from a rise of 20% in hydropower generation, respectively, more than offsetting a 9% decline in wind power generation.

Russia’s invasion of Ukraine has profoundly affected nearly every aspect of the global economy, from food and energy security to supply chains and financial markets. The World Bank (June 2022) estimates that the 2021 5.5% rebound global growth is therefore expected to drop to 2.9% y/y in 2022.