24
December
2018
In December 2018, Georgian power plants generated 986 mln. kWh of electricity. This represents a 9% decrease in total generation, compared to the previous year (in 2017, total generation in December was 1080 mln. kWh. The decrease in generation on a yearly basis comes from decrease in thermal power (-30%), more than offsetting the increase in hydro (+3%) and wind power generation (+11%).
24
December
2018
The GEO real property market grew by 2.4% in Q3 2018, in comparison with Q2 2018. While the annual increase was more pronounced at 24.3% (YoY), in comparison with Q3 2017. Tbilisi dominated the real property market with a 44.4% share in total sales in Q3 2018.
24
December
2018
According to Geostat’s figures, in the third quarter (Q3) of 2018, Georgia’s real GDP experienced growth of 4% year over year (YoY). Despite the slowdown of the growth rate compared to the previous quarters, IMF recently revised their forecast of economic growth for Georgia upwardly, from 4.5% to 5.0%. Forecasts for other international organizations and the National Bank of Georgia (NBG) remained the same, while ISET-PI, based on October’s data, expect annual growth in 2018 to be 4.6% YoY.
17
December
2018
The cost of cooking one standard Imeretian khachapuri in November 2018 averaged at 3.62 GEL, which is around 0.8% higher compared to October 2018 (month-on-month), and 2.2% lower in comparison to the previous year (November 2017).
12
December
2018
According to a nationally representative sample of 307 Georgians interviewed in early November 2018, the Consumer Confidence Index (CCI) dropped by 4 index points, from -18 in October to -22 in November. A similar pattern was observed in both sub-indices: the Present Situation Index went down by 4.7 (from -22.6 to -27.3), and the Expectations Index went down by 3.2 index points (from -13.4 to -16.6) compared to October.
