26
September
2022
In August 2022, Georgian power plants generated 1,401 mln. kWh of electricity. This represents a 16% increase in the total generation compared to the previous year (in August 2021, the total generation was 1,203 mln. kWh).
01
July
2022
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.
27
June
2022
In June 2022, the National Statistics Office of Georgia issued its annual publication on the agricultural sector – Agriculture of Georgia 2021. The publication estimates that agriculture, forestry, and fishing comprised 7% of the GDP in 2021, which was lower than the 8.3% share in 2020, but in line with the general trend over the last few years (agricultural GDP being 7-8% of GDP on average).
26
April
2022
For the second quarter of 2022, business confidence in Georgia decreased (by 2.2 index points) and reached 15.1. The highest decrease in business confidence is observed in construction (-29.7), and wholesale and retail trade (-7.6) sectors. The negative change in BCI for Q2 2022 was driven by significantly worsened past performance.
28
March
2022
On 17 December 2021, the parliament of Georgia approved the state budget for 2022, with allocations of around 19.2 billion GEL. From which the Ministry of Environmental Protection and Agriculture (MEPA) will receive 593.1 million (3.1% of the total budget allocation).
