18
December
2015
Georgia has considerable deposits of metal (for instance, manganese, copper, and gold) and non-metal resources, however, our current regulations do not encourage investment while at the same time failing to generate significant fiscal revenues.
16
December
2015
According to the most recent statistics, the Georgian economy is showing signs of stabilization in the last quarter of 2015. Economic growth increased to 3% year on year in October – about the same as the estimated average real GDP growth rate (2.8%) for the first ten months of 2015.
09
December
2015
Geostat has released its preliminary estimates of GDP growth for the third quarter. The estimated Q3 growth is 2.5%, only 0.1 percentage points below the ISET-PI forecasted value. The forecast for GDP growth in the fourth quarter now stands at 3.6%.
07
December
2015
Rachvelis, the natives of a beautiful highland region in western Georgia, have a reputation for being slow but thorough in speaking and behavior. Whether slow or not, Rachvelis are certainly not dumb. At least according to their performance in the national General Ability Test (GAT). In 2012, students from Racha-Lechkhumi and Kvemo Svaneti (R-L-KS) were 2nd (!) after Tbilisi on the average GAT performance (Chart 1).
07
December
2015
The average cost of cooking one standard portion of Imeretian Khachapuri increased to 3.66 GEL in November 2015. This is 1.4% higher m/m (compared to October 2015), and 9.6% higher y/y (compared to the same month of the previous year, November 2014). Given that it mostly consists of food prices that are subject to sharper seasonal fluctuations, the upward trend in Khachapuri Index is somewhat steeper than that of GeoStat’s official Consumer Price Index (CPI).
