For the Georgian economy, 2021 was a year of gradual recovery from the COVID-19 pandemic. According to Geostat rapid estimates, the real GDP expanded by 10.7%, coming within 0.1 percentage points of the ISET-PI forecast from November 2021 and surpassing the NBG and IMF mid-year projections, which ranged between 8% - 8.5% y/y.

ISET Policy Institute will be hosting an event War in Ukraine: Challenges, Risks, and Responses of Georgian Economy, to be held on April 13 from 10:00-12:30, that will bring together the policy community, experts, and private sector leaders, and development partners.

The reform aims to facilitate E-commerce in Georgia by developing a legal and regulatory framework and the necessary technical infrastructure. It consists of many different aspects, incorporating the activities of implementing government agencies, other public sector stakeholders, and the private sector.

In February 2022, Georgian power plants generated 890 mln. kWh of electricity (Figure 1). This represents a 29% increase in total generation, compared to the previous year (in February 2021, the total generation was 692 mln. kWh). The increase in generation on a yearly basis comes from the increase of 34% and 24% in thermal and hydropower generation, respectively, more than offsetting the 7% decline in wind power generation.

On 29 March, ISET Policy Institute’s researchers conducted training under the auspices of a USAID project – Develop Advocacy Capacity of Civil Society Organizations (CSOs) and Private Sector Associations (PSAs) – as supported by the USAID Economic Security Program and the USAID Economic Governance Program.