09
October
2018
On October 2, 2018, Georgian Water and Power (GWP) opened a new hydropower dam in Bodorna (Dusheti region). The construction of the new dam started in December 2017, with the support of the Entrepreneurial Development Bank (FMO) and the German Investment and Development Bank (DEG), for a total investment of 10 million GEL.
01
October
2018
In August 2018, Georgian power plants generated 985 mln. KWh of electricity (a 5% decrease in total generation, compared to the previous year and a 22% decrease with respect to July 2018), while consumption of electricity on the local market was 1,049 mln. kWh (+1% compared to August 2017, and -4% with respect to July 2018).
01
October
2018
This report covers the process and results from the value chain analysis conducted on the hazelnut sector in West Georgia. The study presents a basis to shape interventions of the forthcoming ‘Phase II: Fairtrade & Organic Hazelnut Value Chain Development for Small Farmers in Western Georgia’ project, which is to be implemented by the Consortium (ELKANA, HEKS/EPER, ANKA and PAKKA) with the financial support of DANIDA.
24
September
2018
Recently, Geostat released the preliminary estimate of real GDP growth for the second quarter (April-June) of 2018, which now stands at 6.0%. This is only 0.1 percentage points above the recent ISET-PI forecast. As a result, real GDP growth for the first seven months of 2018 reached 5.5%.
10
September
2018
After three consecutive quarters of improvement, BCI in the third quarter of 2018 has worsened, dropping to 35.4 index points, which is a 4.2 index point loss over the previous quarter. The BCI drop is based on lowering expectations and worsening of past performance in many business sectors. Compared to other sectors, manufacturing assessed their past performance and expectations the most pessimistically. In contrast, the agriculture sector is the most positive, reflecting a high season in production.
