Education in Georgia is essentially the responsibility of the public sector (the vast majority of total enrolmentin the case of General education) and has received a lot of attention in recent years with public outlays to the sector tripling between 2010 and 2019 to reach 3.6 percent of GDP. This remains low by OECD standards, however: OECD countries spend on
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Volski: “The ministers’ salaries have decreased significantly as compared to 2012. The
The FINANCIAL -- In August 2018, the average cost of cooking one standard Imeretian khachapuri increased to 3.43 GEL, which is 3.8 % higher month-on-month (m/m, that is, compared to July 2018), but 0.5% lower year-on-year (y/y, compared to August 2017).
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The FINANCIAL -- Indebtedness has been one of the main problems on which the Government of Georgia (GoG) has been focusing recently.
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The FINANCIAL -- Economy -- Exports up 16.6% y/y in August 2018. In August 2018, exports increased by 16.6% y/y to US$ 275.6mn, imports were up 8.3% y/y to US$ 761.1mn and the trade deficit widened 4.1% y/y to US$ 486.5mn, according to
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The FINANCIAL -- Economy -- FDI up 9.4% y/y. FDI was up 9.4% y/y to US$ 389.2mn in 2Q18, according to GeoStat’s preliminary figures.
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The FINANCIAL -- Economy -- Inflation was 3.1% y/y and 0.5% m/m in August 2018
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The FINANCIAL -- Economy -- Exports up 30.7% y/y in July 2018
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The FINANCIAL -- Economy -- International reserves down 0.4% y/y in July 2018.
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The FINANCIAL -- Economy Real GDP growth was 4.0% y/y in June 2018Georgia’s economy grew by 4.0% y/y in June 2018 after growing 7.5% y/y in previous month, according to GeoStat’s rapid estimates.
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The FINANCIAL -- Economy -- NPLs at 2.4% in June 2018
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The FINANCIAL -- Economy -- Exports up 31.1% y/y in June 2018. In June 2018, exports increased by 31.1% y/y to US$ 308.9mn, imports were up 19.8% y/y to US$ 771.2mn and the trade deficit widened 13.2% y/y to US$ 462.3mn, according to
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