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 transfer from non-resident to resident companies (e.g. acquisition of Geocell by Silknet) and reduction of debt liabilities to non-resident direct investors. The financial sector was the largest FDI ...

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 -- 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 ...

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 average cost of cooking one standard Imeretian khachapuri in April 2018 across Georgian cities varied, from 2.90 GEL (the lowest price, observed in Kutaisi), to 3.60 GEL (the highest price, ...

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 ...

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 ...

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