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Prices and Georgia’s Karma

Over the past period, the current developments in the Georgian finance sector were being widely discussed in our society. The reasons are not positive – at this stage, everybody talks about tightened regulations that have brought serious negative effects, and the new norms are aim curb the accumulation of unreasonable …

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Prices for Fruit and Grapes Dropped by 9.9%

In September 2018, prices for fruit and grapes dropped by 9.9% compared to September 2017. According to Geostat data, prices declined mostly for plums (-35%), Kiwi (-32%), apples (-24%), pears (-17%), lemon (-16%), and grapes (-14%). The low prices of fruit and grapes might be the result of comparatively good …

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Hotel Prices Increased by 3.4% in April

According to PMCG In Georgia, the average cost of a room in a 3-star hotel was GEL 136 per night in April 2018. The most expensive 3-star hotels in April in Georgia were in Mtskheta-Mtianeti region (exceeding the average price by 20%). The average cost of a room in a …

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Mobile Internet Prices Triple in Georgia

The three telecommunication companies Magticom, Geocell and Beeline have won the 2018-2019 state telecommunication consolidated tender. As a result, public offices will be able to make individual decisions and choose a specific operator for signing service agreements. The decision was taken by the tender commission on March 1. In previous …

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Hen Prices Either Rise or Disappear from Market

Domestic manufacturers of poultry meat speak out about artificial obstacles in the sector development and rising product prices. The poultry meat manufacturers complain about the standard act that was enacted several days ago. Namely, the new regulations introduces an additional tax on poultry meat. Namely, under the government’s resolution, starting …

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Why Hotel Suites are Expensive in Georgia

Hotel stairs

Georgia, as the best tourism destination country, is able to offer many opportunities to visitors, including picturesque nature, diverse landscape, Caucasus ranges, Black Sea subtropical zone, rivers and waterfalls, underground cities, resorts and mineral waters, historical monuments, cities and settlements, traditional Georgia hospitality and distinguished Georgian cuisine – all these …

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Electricity Price will not Rise Due to GEL Volatility

Georgian National Energy and Water Supply Regulatory Commission (GNERC) has launched public administrative procedures for defining electricity distribution, transit and consumption tariff for JSC TELASI. Amid the depreciation of the GEL exchange rate, electricity tariffs are expected to rise. The market exchange rate has already dropped to 2.45 points. Energy …

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Georgian Electricity Exports Tariffs Grows in Turkey

Average tariff for exports of Georgian electricity to Turkey has grown by 10.8%, i.e. to 5 Cent on one kilowatt-hour, while electricity prices have dipped by 7% (to 4.8 Cent on kilowatt/hour) on the Turkish market. According to G&T, in Turkey prices declined from the previous year’s low basis. The …

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