The FINANCIAL - Analysis

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Seasonal Effects and COVID Lockdown Combined Close the Generation-Consumption Gap in April

The gap closes In April 2020, total generation and consumption nearly balanced (944 mln kWh of generation and 941 mln kWh of consumption), with power generation exceeding consumption by only 3 mln. kWh (corresponding to 0.3% of total generation: Figure 1). This occurred due to the simultaneous decrease in total consumption (7%) and total generation (2%). Interestingly, over the same period, wind ...

The 2019 Georgian economy – a year in review

Economic growth – a bird’s eye view of 2019 According to Geostat, the 2019 real GDP growth in Georgia was 5.1% year-over-year (YoY). This figure moderately surpassed NBG’s, ADB’s, ...

Factcheck - Roman Gotsiridze: “According to the government-proposed pension indexing rule, a GEL 400 pension will be in place in six-seven years.”

Verdict: FactCheck concludes that Roman Gotsiridze’s statement is ...

Verdict: Giorgi Gakharia’s statement is a LIE.

The FINANCIAL -- Giorgi Gakharia: Today we have the highest growing economy in the region, we have the fastest economic ...

Do Families Have Enough Resources To Live On Until The End Of May?

APRIL 2020: Georgian CCI Reaches A Historic Low, Pushed By Unemployment/Financial Fears. Do Families Have Enough Resources To Live On Until The End Of May? Sixty Percent of Responders Said ...

The Implications of COVID-19 on the Georgian Power Market

The consequences of COVID-19 on tourism and in the industrial and service sectors have been discussed broadly recently. However, little has been said about the current and future implications on the ...

Verdict: Mamuka Khazaradze’s statement is HALF TRUE.

The FINANCIAL -- Mamuka Khazaradze: In the last seven years, debt increased 2.5 times and reached GEL 22.5 billion whilst seven years ago it was nearly GEL 9 ...

FactCheck found the statement of Minister of Finance of Georgia about COVID support is a Lie

Ivane Machavariani, Minister of Finance: “GEL 1,200 in assistance for six months is little but the US is giving USD 1,200 to the part of the population which meets the income criteria. Taking into ...

Taking Stock of Georgia’s Larization Policy Since 2016: What Worked, What Didn’t, and What Needs to Change

In the past several months the world has been rocked by profound economic and social turbulence. The COVID-19 epidemic has forced many countries around the world into widespread emergency lockdowns. ...

Inclusive and Sustainable Development of the Mountainous Regions: Myth or Reality?

The FINANCIAL -- Mountains cover 54% of Georgia’s territory. People living in those areas represent the most vulnerable group of Georgian society. Land erosion and climate changeare prevalent in ...

The Khachapuri Index Increases by 24.9%

The average cost of cooking one standard Imeretian Khachapuri in May 2020 stood at 4.18 GEL; 6.8% lower month-on-month compared to April. However, the Khachapuri Index did increase by 24.9% ...

Playing Against the Odds: What’s at Stake for Georgia As It Bets on The Tourism Revival Strategy?

Georgia reacted to the COVID-19 pandemic by immediately introducing aggressive measures. Closing international borders, declaring a state of emergency, shutting down public transportation, banning ...

May 2020 | Georgian Consumer Confidence: Revival in May

A nationally representative sample of around 350 Georgians, interviewed in early May, reveals that Georgian Consumer Confidence rose in May compared to the prior month, by 8.1 index points, from ...