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In February 2019, Georgian power plants generated 939 mln. kWh of electricity (Figure 1). This represents a 0.5% increase in total generation, compared to the previous year (in 2018, total generation in February was 934 mln. kWh). Increase in generation on a yearly basis comes from increase in thermal and wind power generation (+26% and +24%), more than offsetting the decrease in hydro power generation (-14%).
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The large and chronic water losses characterizing distribution networks constitute one of the major challenges faced by Georgian water utilities. The water supply generates approximately 700 million cubic meters of non-revenue water (NRW) each year1, considering just the urban centers. High water loss rates create excessive operational costs for the utilities and result in undesirable operational inefficiency in the water supply sector.
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ISET-PI’s leading GDP indicator forecast, made at the beginning of the year, was more precise. At the time, we predicted 4.6% annual growth in the worst-case, “no growth” scenario, and 5.6% in the best-case or “average long-term growth” scenario. While our “middle-of-the-road” scenario predicted the exact 4.8% real GDP growth.
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On February 14, Prof. Muhammad Asali delivered a research seminar and presented his work on the relationship between the labor market and the healthiness of the economy. The paper, entitled “Labor Market Discrimination and the Macroeconomy,” which is a joint work with his former student Ms. Rusudan Gurashvili, aimed at measuring and documenting the discriminatory wage gaps in Georgia within gender and ethnic dimensions.
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After independence from the Soviet Union, Georgia started experiencing a significant rise in the number of boys born compared with the number of girls, the sex ratio at birth. As of 2004 Georgia had one of the highest sex ratio at birth rates in the world, but by 2016 the ratio was at the biologically normal level. The country’s unique position provides valuable knowledge and experience.