Category: Georgia
CU signs memorandum agreement with Toulouse business school France
The Caucasus University of Georgia has signed agreement with Toulouse Business School of France. The agreement aims to enhance academic cooperation between both universities also. As per the representative of the Caucasus University, the agreement will be helpful for Georgian students to get international exposure. This will also give them chance get international experience necessary […]
Read moreGeorgian domestic business should be free from problems caused by political tensions
As Georgian Prime Minister Irakli Kobakhidze pledged on Thursday, businesses across the country would “remain free” and “face no challenges” amid domestic political tensions with ongoing public protests against the Government’s decision not to have European Union accession talks on agenda until 2028.
Kobakhidze emphasized on the Government’s responsibility for the “significant achievement” of “ensuring business freedom” since the ruling party came to power in 2012 in an interview with Imedi TV.
“Misinformation propagated by some domestic media outlets and political figures” regarding the Government’s decision, urging business leaders to “engage responsibly” with the information provided was criticized by the Prime Minister.
The Prime Minister emphasized that the opening of negotiations “should not be viewed as a singular issue [used] for blackmail against Georgia”, and that regular European Council meetings to “prevent the subject from being used as leverage” are extremely important.
The Government’s “commitment” to European integration was underscored by Kobakhidze. He asserted that it remained a “primary choice without alternative” for the country.
“Pressures being placed on businesses”, particularly by “those linked to the previous Government”, was alleged by the Prime Minister during the interview. Kobakhidze also warned against “return of political racketeering seen before 2012” and expressed the opinion that business “should not interfere deeply in political affairs”.
The business representatives were invited by Kobakhidze to share their thoughts on the discussion in comments on his recent meeting with the domestic business community. The gathering was described by him as “important”. The minister also added that it had allowed the participants to exchange their opinions and had given them an opportunity to “ask critical questions”.
According to the Prime Minister, businesses has always been impacted by “short-term fluctuations” in the economy and by the exchange rate of the national currency. He added that in the past, both the exchange rate and the overall economic situation had “stabilized quickly each time” after political tensions.
When Kobakhidze was asked about his views on domestic companies who took critical positions with regards to the Government but “profit from economic ties with Russia”, the Prime Minister claimed that “some people resent the Government’s pragmatic policy”.
In conclusion Kobakhidze said that the businesses in question did “not have answers to these questions, which is why they struggle to participate in the discussions”.
Source Link
Read moreGeorgian PM pledges domestic business “will be free”,”not face problems” amid continued political tensions
Georgian Prime Minister Irakli Kobakhidze on Thursday pledged businesses across the country would “remain free” and “face no challenges”, amid domestic political tensions with ongoing public protests against the Government’s decision not to have European Union accession talks on agenda until 2028. Georgian Prime Minister Irakli Kobakhidze on Thursday pledged businesses across the country would […]
Read moreGeorgia’s IT Sector Foreign Income Drops by $133 Million in Nine Months
The foreign income of Georgia’s IT sector declined significantly in the first nine months of 2024, according to statistics published by the National Bank of Georgia. From January to September, the sector generated $475 million in foreign income, representing a 22% decrease—or $133 million—compared to the same period last year. In 2023, the IT sector […]
Read moreGeorgia’s average monthly earnings surge 10.9% in Q3 to $731.92 – Statistics Office
Average monthly nominal earnings in Georgia increased by 10.9 percent in the third quarter of 2024, rising by ₾201.3 ($71.64) to reach a total of ₾2,056.7 ($731.92) compared to the same quarter in the previous year. Average monthly nominal earnings in Georgia increased by 10.9 percent in the third quarter of 2024, rising by ₾201.3 […]
Read moreGeostat: Average monthly salaries in Georgia increase by 10.9%
The National Statistics Office of Georgia (Geostat) reported that the average monthly nominal salaries in Georgia increased by 10.9%, reaching GEL 2,054. Highest Earnings by Sector: Information and Communication – GEL 3,976 (increased by 0.5%) Construction – GEL 3,198 (increased by 5.4%) Financial and Insurance Activities – GEL 3,186 (increased by 13.5%) Professional, Scientific, and […]
Read moreGalt & Taggart forecasts unemployment to drop to 13.8%
Unemployment will decrease to 13.8% in 2024, from 16.4% in 2023, – according to the report published by Galt&Taggart. As of the document, unemployment rate stood at 13.8% in 3Q24 The unemployment rate reduced by 1.8ppts y/y to 13.8% in 3Q24, though it saw a slight increase from 13.7% in 2Q24. During this period, the […]
Read moreUnemployment rate stood at 13.8% in 3Q24-Galt&Taggart
The unemployment rate reduced by 1.8ppts y/y to 13.8% in 3Q24, though it saw a slight increase from 13.7% in 2Q24. During this period, the number of hired employed individuals increased by 3.3% y/y, accounting for 69.2% of total employment, while self-employed persons rose by 2.4% y/y- Galt&Taggart monthly review reads. Notably, labor force participation […]
Read moreHow to Grow Your Professional Circle in Tbilisi’s Dynamic Business Scene
Tbilisi, Georgia’s vibrant capital, has become a hub for entrepreneurs, freelancers, and professionals seeking new opportunities. With its growing business environment and mix of international and local talent, the city offers plenty of ways to expand your professional network. Whether you’re starting a business, working remotely, or looking to grow your career, connecting with the […]
Read moreUnemployment Rate In Georgia Decreased
n the III quarter of 2024, the unemployment rate in Georgia decreased by 1.8 percentage points compared to the corresponding period of the previous year and equaled 13.8%, – according to the preliminary data from the National Statistics Office of Georgia (Geostat). In the III quarter of 2024, compared to the corresponding period of the […]
Read more