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 -- Giorgi Kandelaki: In 2017, Agriculture Decreased by Every Parameter. Verdict: FactCheck concludes that Giorgi Kandelaki’s statement is MOSTLY TRUE.
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The FINANCIAL -- According to a nationally representative sample of 307 Georgians interviewed in early November 2018, the Consumer Confidence Index (CCI) dropped by 4 index points, from -18 in October to -22 in November.
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The FINANCIAL -- Annual CPI inflation was 1.9% in November 2018 down from 2.3% in previous month, according to Geostat. Core inflation was 1.3% in November 2018 down from 1.7% recorded in previous month.
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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% lower year-on-year (compared to the previous November, 2017).
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The FINANCIAL -- After the generation deficit of September, the decreasing trend in generation continues, while the gap between consumption and generation keeps widening.
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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 Georgia” to stakeholders. The event was organized by HEKS-EPER South Caucasus, the
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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$ 565.0mn, according to GeoStat’s preliminary figures.
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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 year-on-year (compared to the same month of last year).
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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 trips, 66.6% of total) drove the growth.
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The FINANCIAL -- Georgia improved its position by 3 places as is ranked a6th in the WB’s 2019 Doing Business. With this ranking, Georgia is the highest ranked economy in the Europe and Central Asia region, followed by Macedonia (10), Azerbaijan (25) and
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