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South Caucasus News

Georgia’s GDP Up by 7.8% in 2023


On November 15, the National Statistical Service of Georgia (Geostat) published adjusted data showing that in 2023, the country’s real gross domestic product (GDP) increased by 7.8% compared to the previous year, reaching 80.889 billion GEL (USD 29.687 billion) at current prices.

Source: Geostat

According to Geostat, the following sectors made a significant contribution to GDP growth: information and communication (27.5%); education (18%); wholesale and retail trade; repair of motor vehicles and motorcycles (17.8%); construction (15%); public administration and defense, compulsory social security (15.6%); transportation and storage (12.3%).

In the same period, a decrease was noted in the following sectors: real estate activities (2%); agriculture, forestry, and fishing (3.4%); and mining and quarrying (19.6%).

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South Caucasus News

Strong Georgia Renounces MP Mandates


The Strong Georgia Coalition, another opposition political force that successfully passed the five percent threshold in the parliamentary elections, is renouncing its MP mandates, Mamuka Khazaradze, one of the coalition’s leaders, said on November 14.

Earlier, two other opposition forces, Coalition for Change and Unity-UNM, made a similar decision and asked the Central Election Commission (CEC) to renounce their MP mandates. This left ex-Prime Minister Giorgi Gakharia’s For Georgia party as the only opposition force crossing the threshold and not publicly dropping its mandates. Its members repeat that the party “will not give legitimacy to the parliament.” This formula does not satisfy the other three coalitions, which harbor doubts that former PM Gakharia may decide to take up the MP seats.

“It is decisive that none of the opposition forces that have received legislative mandates do not give legitimacy to the Georgian Dream Parliament and refuse to use the mandates they have been given,” Khazaradze wrote on social media.

He suggested to the other opposition forces that they jointly go through the relevant procedural acts of renunciation of MP mandates “to put an end to interpretations and not allow anyone to speculate on this issue.” “For more publicity, we are ready to carry out this political act in agreement with the President and her involvement,” he added.

Four opposition forces—Coalition for Change, Unity-UNM, Strong Georgia, and Gakharia-For Georgia—passed the mandatory five percent threshold in the October 26 parliamentary elections. However, all of them say the elections were rigged. So far, they stand firm in their refusal to accept MP mandates, but the mistrust among these forces is also considerable.

Prime Minister Irakli Kobakhidze encouraged doubts and tried to drive a wedge between the opponents. “I think that in the end, all of them will enter parliament,” he said in an interview with the Georgian Public Broadcaster on November 14. Still, he also emphasized that the Georgian Dream would prefer to govern alone. “These political parties have no resources… They will bring nothing good to the parliament. They are so destructive and radical in their nature that their participation in parliamentary life will only be counterproductive,” he added.

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South Caucasus News

Schedule of Azerbaijani national team’s matches announced


The schedule for the matches of the Azerbaijani women’s national football team in the UEFA Nations League 2025 season has been determined, Azernews reports.

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South Caucasus News

“Voice of Nature” exhibition to open in Ganja


Ganja State Philharmonic Hall will present an exhibition “Voice of Nature” dedicated to COP29 on November 18, Azernews reports.

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South Caucasus News

Masdar says renewable energy investors responsive to restrictions, taxes, and incentives


Investors in renewable energy are responsive to restrictions, taxes, and incentives, Masdar (UAE) representative Murad Sadikhov said at the event “Investments in Renewable Energy: Paths to a Sustainable Future,” organized within the framework of COP29.


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South Caucasus News

Galactica-Pegasus Project Update – 07:00:05 14 Nov 2024 – HE1 News article – London Stock Exchange


Galactica-Pegasus Project Update – 07:00:05 14 Nov 2024 – HE1 News article  London Stock Exchange

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South Caucasus News

Kadri Simson: Sustainability of critical mineral resources must be ensured for energy transition


Financing should be increased for non-industrial economies, and key mineral resources playing a role in energy transition should be provided fairly and sustainably, Kadri Simson, European Commissioner for Energy, said at the Energy Transition Investment F


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South Caucasus News

Azerbaijan establishes renewable energy partnership program with IRENA


Azerbaijan’s Energy Ministry together with the International Renewable Energy Agency (IRENA) has established a program called Accelerated Renewable Energy Partnership in Central Asia (APRECA).

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South Caucasus News

Pashinyan highlights introduction of Use-of-Force Continuum in police reforms – Armenpress


Pashinyan highlights introduction of Use-of-Force Continuum in police reforms  Armenpress

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South Caucasus News

Azerbaijan hosts Ministerial Meeting on SPECA climate and innovation dialogue at COP29


Within the COP29 framework in Azerbaijan, a Ministerial Meeting on the SPECA Climate and Innovation Dialogue took place, highlighting the role of SPECA (Special Programme for the Economies of Central Asia) in regional climate cooperation, Azernews reports.