Rtveli 2023 commenced this August. Similar to previous years, the Government of Georgia (GoG) is subsidizing the grape harvest again to support farmers who have suffered from worsening climate conditions. Based on information from MEPA representatives, the subsidy's primary aim is to guarantee that even producers with lower-quality grapes can still sell their products.
In September 2023, the average price for preparing a standard portion of Imeretian khachapuri was 5.88 GEL. Since June 2023, there has been an upward trend in the khachapuri index, with the price of khachapuri increasing by 4.7% compared to June 2023. This increase is mainly explained by a 10.6% rise in the price of cheese during the four-month period (June-September 2023).
On 26 September, ISET Policy Institute, with support from the Swedish Embassy, met representatives from local non-governmental and international organizations in Rustavi to introduce its activities and key products.
In August 2023, Georgian power plants generated 1,463 mln. kWh of electricity. This represents a 4% increase in the total generation compared to the previous year (in August 2022, the total generation was 1,401 mln. kWh). The rise in generation on a yearly basis comes from a rise of 12% in Hydro power generation, while the generation of wind and thermal power plants decreased by 29% and 32%, respectively.
Geostat has released its rapid estimate of real GDP growth for July 2023. The estimated growth stands at 5.5%, while the average real GDP growth for January-July 2023 reached 7.2%.