September 2020 | From the black sea beach to the vineyards of kakheti
02 October 2020

In September 2020, the average cost of cooking one standard portion of Imeretian khachapuri was 4.09 GEL, which is 2.8% higher month-on-month (compared to August 2020), and 11.7% higher year-on-year (compared to the same month of the previous year, September 2019).

September 2020 | CCI: The pandemic eats into consumer confidence
29 September 2020

The 2020 October parliamentary elections are quickly approaching. This could mark a turning point in Georgian politics as the country has embarked on the path towards a more proportional electoral system.

The Georgian COVID-19 Response: Was the Lockdown Worthwhile?
17 July 2020

Since its start, the pandemic has spread to more than 180 countries, with governments around the world each reacting differently to the new global threat. The Oxford COVID-19 Government Response Tracker gauges the strictness of countries’ responses using a stringency index, which compares governmental policies over several dimensions.

Mortgage Subsidy – Encouraging Borrowing in the Midst of a Crisis
30 June 2020

On 28 May, Georgia announced its fourth anti-crisis plan, in which the government will subsidize 4 percent of the interest rate of mortgage loans for five years. The subsidy will be issued for loans not exceeding 200,000 GEL and will only apply to those taking mortgages for the purchase of residential apartments that are newly built or under construction, from 1 June 2020 to 1 January 2021. The state will also ensure the completion of ongoing construction.

Seasonal Effects and COVID Lockdown Combined Close the Generation-Consumption Gap in April
19 June 2020

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 power generation increased by a remarkable 23% compared to April 2019.