In previous articles we have discussed the visible deterioration of Georgia’s energy security, where energy demand keeps increasing and the share of domestic energy sources in overall primary supply (the gross amount consumed by the country over one year) is declining. Reversing this trend requires the country to accelerate the pace that it develops domestic – and mostly renewable – energy generation capacity; ideally in combination with greater efforts to improve energy efficiency.

ISET is pleased to announce its latest partnership with Polyvim LLC, under the Green Revolution Campaign, the mission of which is to help protect the environment by recycling plastic waste and limiting plastic footprint.

Recently, Geostat revised upward its real GDP growth for the third quarter of 2021 to 9.1% (by 0.1 ppt). The real GDP growth rate amounted to 12% year-on-year for November 2021. Consequently, the estimated real GDP growth for the first eleven months of 2021 was 10.7%.

During the last ten years, the Government of Georgia (GoG) has continuously subsidized grape, apple, and tangerine production throughout the country. Under the present tangerine subsidy program budget, 900 thousand GEL will be spent subsidizing ‘non-standard’ tangerines (relatively low-quality fruit). This subsidy program started on 25 November 2021 and will last until 1 February 2022.

We’re keeping to our traditions and have cooked up a New Year Supra Index for our readers once again this year. The Index identifies the average cost of a standard festive supra meal for a family of five to six people over every Georgian region.