Subscribe
Logo
February 2021 | Electricity Market Review
31 March 2021

In February 2021, Georgian power plants generated 692 mln. kWh of electricity. This represents a 19% decrease in total generation, compared to the previous year (February 2020, the total generation was 851 mln. kWh). The decrease in generation on a yearly basis comes from the decrease of 20%, 17% and 13% in hydro, thermal, and wind power generation, respectively.

Quarter 4 2020, Macro Review | The 2020 Georgian economy – the year in review
31 March 2021

The COVID-19 outbreak had a devastating effect on the Georgian economy in 2020. Real GDP contracted by 6.1% according to Geostat’s rapid estimates of economic growth. This was the worst performance of real GDP growth in the country in more than two decades.

March 2021 | Agri Review
31 March 2021

On 29 December 2020, the parliament of Georgia approved the state budget for 2021, which includes allocations of around 18.3 billion GEL. From which the Ministry of Environmental Protection and Agriculture (MEPA) will receive 451.6 million (2.5% of the total budget allocation). MEPA will direct 10 mln. GEL towards the Environmental Protection and Agriculture Development Program (2.2% of MEPA’s total budget), with around 389.6 mln. (86.3% of MEPA’s total budget) to be allocated to agricultural development, and approximately 51.9 mln. GEL (11.5%) to be spent on environmental protection.

March 2021 | Khachapuri index continues to fall
30 March 2021

The Khachapuri Index kept declining in March 2021, with the average cost of cooking one standard Imeretian khachapuri reaching 4.61 GEL. This is 1.7% lower month-on-month (compared to February 2021), and 3.4% higher year-on-year (compared to March 2020).

ISET faculty’s yet another international publication
29 March 2021

ISET would like to heartily congratulate resident faculty members Norberto Pignatti and Karine Torosyan on the publication of a new article, “Patience, Cognitive Abilities, and Cognitive Effort: Survey and Experimental Evidence From a Developing Country” in American Behavioral Scientist.

Subscribe