23
March
2020
In February 2020, Georgian power plants generated 851 mln. kWh of electricity. This represents a 9% decrease in total generation, compared to the previous year (in February 2019, the total generation was 939 mln. kWh). The decrease in generation on a yearly basis comes from a decrease of 13% in hydro, 9% in wind, and 5% in thermal power generation.
09
March
2020
The Khachapuri Index reached a new historical high in February 2020. The Index continued its upward trend, reaching an average cost of 4.35 lari in February 2020. This is 1.3% higher than in January 2020 (m/m) and 22.9% higher when compared to February 2019 (y/y). The main contributors to the Khachapuri Index’s inflation since last year were cheese (36.5%) and flour (10.7%). Furthermore, as shown in the chart, the year-on-year price of all khachapuri ingredients—milk (3.7%), butter (2.5%), eggs (6.6%), and yeast (8%)—rose compared to February 2019.
28
February
2020
GeoStat has published its rapid estimate of real GDP growth for the fourth quarter of 2019. Their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The annual real GDP growth for 2019 amounted to 5.2%. The real GDP growth rate reached 5.1% year-on-year for January 2020.
27
February
2020
In January 2020, Georgian power plants generated 1,031 mln. kWh of electricity. This represents a 2% increase in total generation, compared to the previous year (in January 2019, the total generation was 1,011 mln. kWh). The increase in generation on a yearly basis comes from the increase of 37% in thermal and 36% in wind power generation, more than offsetting the decrease in hydro power generation (-22%).
25
February
2020
A nationally representative sample of around 350 Georgians, interviewed in early January 2020, reveals that the Consumer Confidence Index (CCI) remained nearly the same, deteriorating by 0.4 index points (from -20 in December to -20.4 in January). Yet, as we observed in December 2019, Georgian Consumer Confidence improved by 1.8 index points.
