14
February
2022
Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2021, and their estimated growth stands at 9.5%, which is 1.4 percentage points below the ISET-PI’s most recent forecast. The annual real GDP growth in 2021 amounted to 10.6%, which is 0.2 percentage points lower than our recent prediction.
07
February
2022
The new year started with a historic high for the Khachapuri Index. The Index continued its upward trend, reaching an average cost of 5.77 GEL in January 2022. This is 1.8% higher than December 2021 (MoM) and 23.7% higher compared to January 2021 (YoY). The highest price increase was observed for eggs (47%) and flour (31%).
07
February
2022
The term “dollarization”, commonly used among academic economists and finance specialists, has already entered Georgians’ everyday vocabulary. Few people, however, understand what dollarization is, how it comes about and why they should care. Below we try to fill this gap, explaining some basic concepts and discussing why and how dollarization affects ordinary people’s lives.
04
February
2022
In 2021, Georgian power plants generated 12,645 mln. kWh of electricity. This represents a 13% increase in total generation compared to the previous year (in 2020, total generation was 11,160 mln. kWh). The increase in generation on a yearly basis came from the increase in hydropower generation (23%), which more than offset the decrease in thermal power (-16%), and wind power generation (-8%).
02
February
2022
On February 2, the ISET Policy Institute Director, Tamar Sulukhia, introduced the EaP Regional Road Safety Observatory to various civil society organizations from the Eastern Partnership region – Armenia, Azerbaijan, Georgia, Moldova, and Ukraine. This regional road safety workshop was organized by the World Bank, supported by the European Commission.
