Analysis

The FINANCIAL -- In June 2018, the AGRIndex declined by -2.54%. The main driver of this change was a -16.0% fall in VEGETABLE prices. FRUIT (-8.0%) prices also fell significantly, while MEAT (-0.1%) prices were practically unchanged, and DAIRY products gained +1.9% of their May 2018 ...

The FINANCIAL -- FDI down 32.9% y/y FDI was down 32.9% y/y to US$ 279mn (7.6% of GDP) in 1Q18, according to GeoStat’s preliminary figures. The major reason behind this decrease was ownership ...

Economy BGEO demerger finalized On 29 May 2018, Bank of Georgia Group PLC (new parent company of BGEO Group PLC) demerged into two separate companies – 1) Bank of Georgia Group PLC and 2) Georgia ...

The FINANCIAL -- Do you happen to have some 1.7 trillion USD to spare? Somewhere between 2 and 10% of the Georgian population suffers from lack of basic access to drinking water (Global High-level ...

In May 2018, the AGRIndex fell by -4.2% - the biggest decline since May 2016 (interestingly, the biggest m/m drop in prices in 2017 was also observed in May). DAIRY prices lost as much as 14.8% of ...

The FINANCIAL -- In May 2018, VEGETABLE prices decreased for the second consecutive month, and the m/m decline in prices (-11.1%) dropped to their lowest value since last July. As a result, the y/y ...

The FINANCIAL -- The average cost of cooking one standard Imeretian Khachapuri in May 2018 stood at 3.17 GEL, which is 3.4% lower month-on-month (i.e. compared to April 2018). The Khachapuri Index is ...

In April 2018, exports increased 8.3% y/y to US$ 229.2mn, imports were up 22.0% y/y to US$ 727.4mn and the trade deficit widened 29.5% y/y to US$ 498.2mn, according to ...