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Year: Month: All releases Economy Sectors Companies
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Tourism Market Watch - November 2019

5 Dec, 2019

In November 2019, total international visitor (tourists and same-day combined) growth accelerated to 11.9% y/y after growing  8.8% y/y in October. Out of total 0.54mn visitors, Georgia hosted 0.33mn tourists (up 10.3% y/y) and 0.2mn same-day visitors (up 14.8% y/y) in November. Strengthened tourist arrivals (+10.3% y/y) in November was supported by significantly increased visitors from Israel, Kazakhstan and EU countries (+38.5% y/y) .

Meanwhile, arrivals from neighbors (Azerbaijan, Armenia and Turkey) also continued solid growth, reflected in elevated same-day arrivals (+14.8% y/y). Importantly, significantly reduced arrivals from largest source markets - Russia and Iran, were fully offset by strong arrival growth from other countries. 

Please see the full note here, which brings together tourist arrival data for reporting month, most recent statistical information available in the sector and 2019 forecast.


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Tourism Market Watch - October 2019

12 Nov, 2019

In October 2019, total international visitor (tourists and same-day combined) growth accelerated to 8.8% y/y after subdued growth of 3.9% y/y during July-September. Out of total 0.67mn visitors, Georgia hosted 0.43mn tourists (up 7.8% y/y) and 0.22mn same-day visitors (up 10.9% y/y) in October. Strengthened tourist arrivals (+7.8% y/y) in October was supported by significantly increased visitors from Israel (+56.9% y/y), Kazakhstan (139.4% y/y) and EU countries (+32.2% y/y).

Meanwhile, arrivals from neighbors (Azerbaijan, Armenia and Turkey) also continued solid growth, reflected in elevated same-day arrivals (+10.9% y/y). Importantly, significantly reduced arrivals from largest source markets - Russia and Iran, were fully offset by strong arrival growth from other countries. 

Please see the full note here, which brings together tourist arrival data for reporting month, most recent statistical information available in the sector and 2019 forecast.


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Tourism Market Watch - September 2019

9 Oct, 2019

In Sep-19, total international visitors (tourists and same-day combined) were up 2.7% y/y to 0.78mn persons. Out of total, Georgia hosted 0.53mn tourists (up 0.6% y/y) and 0.24mn same-day visitors (up 7.7% y/y) in September. Slow arrival growth in September like in two previous months reflected significantly reduced arrivals from largest source markets - Russia and Iran. Notably, due to last year’s high base, arrivals from Russia reduced sharper (-20.6% y/y) in Sep-19 compared to two previous months (-7.6% y/y). Meanwhile, arrivals from all other neighbors (Azerbaijan, Armenia and Turkey) continued growing. Notably, arrivals from Turkey are on the rise since Jun-19 after falling from Sep-18 to May-19. 

Please see the full note here, which brings together tourist arrival data for reporting month, most recent statistical information available in the sector and 2019 forecast.


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Georgia's Energy Sector - Electricity Market Watch | 8M19

3 Oct, 2019

Electricity consumption growth slowed to 2.3% y/y in 8M19, significantly below forecasted numbers as well as growth levels of previous periods. On supply side, hydrogenation decreased by 9.7% y/y due to unfavourable hydrological conditions. Reduced generation created demand on imported electricity despite the low consumption growth rate. As a result, electricity trade deficit widened 80.5% y/y to US$ 29.6mn in 8M19, and we expect trade deficit to double for the full year of 2019.

The Ministry of Economy revised downwards 2019 electricity consumption growth forecast to 5.7% from initial projection of 13.2%. The revised forecast takes into consideration actual consumption figures of 1H19.

Energy sector was largest FDI recipient in 1H19. FDI in energy sector increased 32% y/y and stood at US$ 112mn.

Importantly, market deregulation process is evidenced by intensified activities from power traders and direct consumers’ increased share in the total electricity consumption mix. The latter increased from 12% of total electricity consumption in 2017 to 21.5% in 8M19, as a result of legislative changes.

Parliament is discussing two energy-related laws - 1) on energy and water supply and 2) on promotion of renewable energy sources. Both laws are expected to be adopted by the end of the year, but the bylaws are set for a longer term.


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