03
December
2019
Mountains cover 54% of Georgia’s territory. People living in those areas represent the most vulnerable group of Georgian society. Land erosion and climate change are prevalent in the mountains; unsustainable use of natural resources (forests in particular) and limited access to infrastructure pose significant risks to the lives of people there.
28
November
2019
In October 2019, Georgian power plants generated 800 mln. kWh of electricity. This represents a 2% increase in total generation, compared to the previous year (in October 2018, the total generation was 783 mln. kWh). The increase in generation on a yearly basis comes from the increase of 8% in thermal and 0.4% in hydropower generation, more than offsetting the decrease in wind power generation (-19%).
27
November
2019
According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth constituted 5.7% year over year (y/y) in Q3 2019. As a result, estimated real GDP growth for the first nine months of 2019 amounted to 5.0%, which is above the National Bank of Georgia’s (NBG) growth forecast for 2019 (the forecast remained unchanged at 4.5%). Meanwhile, based on September’s data, ISET-PI expects annual growth in 2019 to be 4.9%.
25
November
2019
ISET students visiting Stockholm have returned to Georgia after spending a week in Sweden as guests of the Stockholm School of Economics. While the students attended several lectures at a number of different universities, their time was not limited to studying alongside their Swedish counterparts: instead of a solely academic trip, the students were also taken to visit the Swedish Central Bank and the Ministry of Foreign Affairs of Sweden, which allowed them to compare the inner workings of one of Europe’s leading economies with their own country.
25
November
2019
The livestock sector plays a significant role in Georgian agriculture, accounting for more than half of total output. Although livestock farming is spread throughout the country, agriculture is dominated by livestock in the mountains, which cover over 50% of Georgian territory. The livestock sector contributed to around 4% of the country’s overall GDP in 2018, and dairy production remains one of the most traditional Georgian agricultural sub-sectors.
