Page 19 - GEORptFeb21
P. 19
4.2.2 PPI dynamic
Georgia’s PPI for industrial products up 11.7% y/y in December
Georgia’s Producer Price Index (PPI) for industrial products increased by 11.7% y/y in December 2020, the most since June, following a 10% rise in the previous month. On a monthly basis, producer prices rose 1.1% in December, after a rise of 2.4% in November.
4.3 Fixed investment
Georgia -Fixed capital 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 investment
Gross fixed capital formation (GEL mn)
3,520.3 2,458.8 3,190.9 3,136.7 3,292.4 2,213.3 2,984.2 3,215.3
Source: CEIC
Green Climate Fund grants Georgia €33m to support forest waste processing
Georgia will receive a €33mn grant from the Green Climate Fund, set up by the United Nations Framework Convention on Climate Change a decade ago, to support the development of forest waste utilisation, thus contributing to efforts in reducing greenhouse gas emissions, the country's ministry of environment and agriculture announced.
The grant will be used to create forest waste processing infrastructure for producing biofuels from waste material and improve local populations' access to the resource.
19 GEORGIA Country Report February 2021 www.intellinews.com
