In July 2018, Georgian power plants generated 1,268 mln. KWh of electricity. This represents a 2% increase in total generation, compared to the previous year (in 2017, total generation in July was 1,247 mln. kWh). The increase in generation on a yearly basis mainly comes from an increase in hydropower and wind power generation.
The average cost of cooking one standard Imeretian Khachapuri in June 2018 stood at 3.15 GEL, which is 0.7% lower month-on-month (compared to the previous month), and 2% higher year-on-year (compared to the same month of last year).
The GEO real property market grew by 10.1% in Q2 2018, in comparison with Q1 2018. The annual increase was more pronounced at 22.7% (YoY), in comparison with Q2 2017. TBS, with a 44.0% share in total sales in Q2 2018, dominated the GEO real property market.
In June 2018, Georgian power plants generated 1,208 mln. KWh of electricity. This represents a 6% increase in total generation, compared to the previous year (in 2017, total generation in June was 1,138 mln. kWh). The increase in generation on a yearly basis mainly comes from an increase in hydropower generation.
Geostat has released its GDP growth estimate for the first quarter of 2018. The Q1 growth stands at 5.2%, which is 1.1 percentage points above the recent forecast. ISET-PI’s forecast of real GDP growth for the second quarter of 2018 remains unchanged at 5.9%. The first estimate for the third-quarter growth forecast is at 7.2%.