The FINANCIAL -- Winter has always been a problem for the Georgian electricity system. Even though Georgia has plenty of hydropower, during this season several HPPs—seasonal and small—either stop or substantially reduce electricity generation. In this season, a significant share of hydropower generation comes from two large-scale state-owned pumped-storage HPPs: Enguri and Vardnili. However, ...

The FINANCIAL -- Trade deficit down in November ...

The FINANCIAL -- The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.62 GEL in November 2018. This is 0.8% higher month-on-month (compared to October 2018), and 2.2% ...

The FINANCIAL -- In October 2018, exports increased 15.0% y/y to US$ 303.0mn, while import growth accelerated to 18.7% y/y and reached US$ 867.9mn and the trade deficit widened 20.7% y/y to US$ ...

The FINANCIAL -- The average cost of cooking one standard Imeretian khachapuri in October 2018 was 3.59 GEL, which is 1.1% higher month-on-month (compared to the previous month), and 1.2% lower ...

The FINANCIAL -- On November 15, 2018, the Agricultural Policy Research Center (APRC) presented the results of its “Study on Private Service Providers in the Organic Hazelnut Value Chain in ...

The FINANCIAL -- Total international visits to Georgia increased 8.5% y/y to 0.61mn in October 2018, according to the Ministry of Internal Affairs. A 15.1% y/y growth in tourist arrivals (0.41mn ...

The FINANCIAL -- The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.54 GEL in February 2019. This is 2.2% lower MoM (compared to January 2019), and 3.5% lower YoY (in ...

The FINANCIAL -- ECONOMY -- Inflation was 2.2% y/y and 1.3% m/m in January 2019. Annual CPI inflation was 2.2% in January 2019 up from 1.5% in previous month, according to ...

The FINANCIAL -- The cost of cooking one standard Imeretian khachapuri in November 2018 averaged at 3.62 GEL, which is around 0.8% higher compared to October 2018 (month-on-month), and 2.2% lower in ...