On 12 September, ISET hosted Mr. Albert Park, Chief Economist at the Asian Development Bank (ADB). In his address, he spoke to the ISET community of students and researchers about “Technology, Globalization, and the Changing Nature of work in Emerging Markets”.

In July 2022, Georgian power plants generated 1,308 mln. kWh of electricity (Figure 1). This represents a 5% increase in the total generation compared to the previous year (in July 2021, the total generation was 1,240 mln. kWh).

In June 2022, Georgian power plants generated 1,485 mln. kWh of electricity. This represents a 12% increase in the total generation compared to the previous year (in June 2021, the total generation was 1,323 mln. kWh).

In May 2022, Georgian power plants generated 1,461 mln. kWh of electricity. This represents a 20% increase in the total generation compared to the previous year (in May 2021, the total generation was 1,221 mln. kWh). The increase in the generation on a yearly basis comes from a rise of 20% in hydropower generation, respectively, more than offsetting a 9% decline in wind power generation.

Russia’s invasion of Ukraine has profoundly affected nearly every aspect of the global economy, from food and energy security to supply chains and financial markets. The World Bank (June 2022) estimates that the 2021 5.5% rebound global growth is therefore expected to drop to 2.9% y/y in 2022.