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In August, compared to the same period of 2023, Georgia’s harmonized index of consumer prices (HICP) has increased by 2.3%, Sakstat reported. As Georgian statistics service specified, annual growth was recorded in such groups of HICP, as hotels, cafes and restaurants (by 10%), transport (by 7.5%), alcoholic beverages and tobacco (by 4.6%), education (by 3.6%), food and soft drinks (by 1.1%), etc. More...
Galt&Taggart lowered its forecast of average annual inflation in Georgia for 2024 to 2%. The previous forecast envisaged inflation at 2.5% (against of target of 3%). More...
In August, international reserves of National Bank of Georgia (NBG) have reduced by 10.9% compared to the same period of 2023 and amounted to $4.8 billion, Galt&Taggart reported with reference to NBG. If compared to the previous month (July), reserves have increased by 3.7% though. More...
Analysis of transactions made through TBC channels indicates a high level of foreign currency inflows and overall economic activity in August too, TBC Capital said in its recent weekly review. These strong inflows have enabled National Bank of Georgia to increase foreign currency reserves, TBC Capital noted. More...
Within the framework of the EU-funded project “Do IT with the EU”, Georgian Agency for Innovation and Technology began accepting applications for an international certification program. Registration for participation in the program will last through September 27. More...
Georgia National Energy and Water Regulating Commission has started technical inspection of electricity distribution networks of the country. According to the Commission, this process includes checking distribution networks on the spot and assessing their condition by a special group. More...
“We have an ambitious goal – to make Georgia a fully self-sufficient country in terms of electricity by 2030, for which end electricity generation should exceed consumption”, Georgia’s Prime Minister Irakli Kobakhidze declared, while speaking today at an event dedicated to Energy Engineer Day. The Premier indicated that after 2012, the number of generation facilities increased significantly, while the electric power infrastructure improved. More...
“By the end of 2025, natural gas will be supplied to another 400 settlements”, Georgia’s Prime Minister Irakli Kobakhidze declared. As a result, additional 57,000 consumers will join the network, he said. More...
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