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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

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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

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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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Inflation Rate in Georgia on May 2016

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In May 2016 the monthly inflation rate amounted to -0.4 percent in Georgia. Compared to the same month of previous year the Consumer Price Index change (annual inflation rate) posted a 2.1 percent increase. Compared to 2010 average the index rose 16.6 percent. The following table shows percentage changes in …

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Distribution Business Revises Prices by 20%

Distribution Business Revises Prices by 20%

GEL depreciation in relation to USD has especially affected the consumer market, because the distribution companies buy products from the suppliers in USD. Product prices have increased  in the distribution network too. After the GEL exchange rate started rising, products prices changed by about 10-20%. “GEL appreciation has already made …

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Petrol is Cheaper in Georgia than in Azerbaijan

Fuel

The globalpetrolprices.com edition has published a weekly report on fuel prices worldwide. The report includes data from all countries. The globalpetrolprices.com published the January 18 indicators several days ago. According to the report, the averaged petrol price in Azerbaijan is higher than in Georgia. The price of a liter of …

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Inflation Pace Slowed Down in December

inflation

Inflation pace declined in December. However, deflation of 0,6% has been fixed m-o-m, while inflation level has amounted to 4,9% y-o-y, which is the lowest index since July. Price reduction of 3,6% has been fixed in transport groups though the last month, which has been reflected by -0,40 percentage point …

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