In 2022 Georgia stayed on the path of recovery, exceeding experts’ expectations of economic performance. According to GeoStat’s preliminary estimates, the real GDP continues to show double-digit growth rates, measuring at 10.1% y/y in 2022 – which is remarkably close to the NBG’s real GDP growth expectation of 10% from October 2022.

The ISET Policy Institute research team conducted a comprehensive study on the trade potential between Georgia and Indonesia. The study comprehensively analyzes Georgia's economic landscape, exploring growth trends, major industries, and fiscal policies. It evaluates dynamic factors influencing economic resilience and adaptability, assesses the business environment, identifies sectors for Indonesian companies, reviews existing cooperation, explores growth opportunities, and conducts a risk assessment.

ISET Policy Institute hosted a roundtable discussion on March 31 at Rooms Hotel Tbilisi, where participants discussed the impact of public spending on agriculture in relation to the value and destination of agricultural exports, particularly to the European Union (EU).

Historically, hazelnuts have been one of Georgia’s main crops in terms of economic value; as the country is located on the Black Sea coastal area, which has suitable soil and climate conditions for growing hazelnuts. Even as early as the fourth century B.C., populations grew wild forms of hazelnut, which later adapted to local conditions and formed regional varieties (GEONUTS, 2023).

Hazelnuts are one of the most important crops for Georgia in terms of export: between 2010-2021, they accounted for around 4.4% of total exports (GeoStat, 2022). In 2013, the quantity of exported hazelnuts reached its maximum level (30 ths. tons), in the following years, it then decreased to 19 ths. tons alongside an increase in value, thus indicating higher prices per exported kg of Georgian hazelnut.