02
February
2021
For the first quarter of 2021, BCI increased by 32.1 index points and reached 3.4 after a significant deterioration in the previous quarter. Business confidence improved across all sectors, except retail trade, with the largest increase observed in the construction sector. The positive change in BCI, for Q1 2021, is driven by optimistic future expectations and improved past performance.
01
February
2021
The COVID-19 pandemic has led to widespread economic distress in many countries around the world. For the first time since 2009, the world’s gross domestic product (GDP) is expected to have declined in 2020. Alongside other sectors of the economy, such impacts are also being felt by the food and agricultural sector. The pandemic has affected food security and nutrition, supply chains, food and livestock production, and food safety.
01
February
2021
Confidence is retreating after a recovery that lasted about 6 months. Last month, in spite of a slight decline of the CCI, we could hold on to the belief that we had reached a plateau in the recovery from the low numbers observed last April.
01
February
2021
This quarterly report provides an analysis of economic trends, as well as denoting the challenges and opportunities (in local, regional, and global contexts) in the selected value chains within six sectors to improve evidence-based decision-making by providing quality information and analytics. These specific sectors are tourism, creative industries, light manufacturing, shared intellectual services, waste management, and recycling, along with cross-cutting sectors. The analysis tracks trends from 2014 to the third quarter of 2020.
29
January
2021
In 2020, Georgian power plants generated 11,160 mln. kWh of electricity. This represents a 6% decrease in total generation, compared to the previous year (in 2019, total generation was 11,865 mln. kWh). The decrease in generation on a yearly basis comes from decrease in hydro (-8%) and thermal power (-1%), more than offsetting the increase in wind power generation (+7%).
