The Georgian economy grew by 10.1% in 2022. In 2023, however, the economic growth rate started to decrease. Year-on-year growth…
Category: Economics
The Zangezur Corridor Dilemma: A New Challenge or Opportunity for Georgia?
Wedged between the Armenian-Iranian border and Azerbaijan’s exclave, the Nakhchivan Autonomous Republic, the Zangezur corridor is the South Caucasus’s newest…
Ranking of Georgian Banks and Microfinance Organizations
15 commercial banks and microfinance organizations operating in Georgia have submitted their financial statements for the first two quarters of…
Georgia’s Wine Industry Soars After Decades of Soviet Domination
Lado Uzunashvili, chief winemaker for Vazisubani Estate, sees global interest in the wines of Georgia because of their unique varietals…
The Digital Lari: a New Threat to Freedom
Two years ago, the National Bank of Georgia (NBG) announced its intention to issue a digital version of the national…
The Top 10 Countries That Rely on Tourism the Most
Tourists spent more than $1 trillion globally in 2022. After the pandemic induced crisis, the tourism sector largely recovered last…
Tourism: Georgia and the Region
Tourism and related activities are one of the most critical industries in Georgia. On average, tourism’s direct and indirect contribution…
Georgia is Bringing Back Tourists Lost During the Pandemic
The economic welfare of the Georgian population depends significantly on revenues from tourism. From a macroeconomic point of view, the…
Why Does Georgia Have Low Wages?
The average monthly salary of employed personnel in Georgia is GEL 1,600. However, average disposable income after tax is GEL…
Where Are Georgia’s Top 10 Exported Goods Being Sold?
In 2022, The export of goods from Georgia increased by32% year-on-year to $5.6 billion. However, the share of re-exports out…
Georgia Stuck in the Russian Economic Trap
Since coming to power, ‘Georgian Dream’ has repeatedly denied that trade with Russia would increase Georgia’s economic and political dependence…
Artificial Intelligence in the Energy Sector
Salome Janelidze, member of the board of the Energy Training Center of GNERC, talks about artificial intelligence in the energy…
Mechanisms to Grow Investment in the Georgian Renewable Energy Sector
Renewable energy (RE) markets rely heavily on climate change circumstances and have a high cost of capital with approximately zero…
Energy Storage Technologies
Salome Janelidze, member of the board of Energy training center of GNERC publishes the article about energy storage new technologies:…
Tips for Investing in Batumi's Real Estate Market
Batumi real estate market is developing. In a growing market, competition is also increasing and the seaside town is becoming…
The Anaklia Port: Can Georgia’s Black Sea Dream Finally Come True?
In December last year, Georgian Prime Minister Irakli Garibashvili announced that the Georgian government decided to relaunch the construction of…