Category: Georgia
Tbilisi Claims Ending Visa-Free Travel to EU will Boost Economy
Georgian Prime Minister Irakli Kobakhidze has further responded to European Union restrictions on visa-free travel from his country, suggesting that the measure will actually propel its economy forward. His government also appears to enjoy the full backing of the Georgian Orthodox Church in its opposition to the European Commission’s recent hostile recommendations. Whereas previously the […]
Read moreNumber of salary-earning workers in Georgia up in May
PMC Research Center reports that the number of people in Georgia receiving a monthly salary was 991,803 in May 2025, reflecting a slight annual increase of 1.5% compared to May 2024. The figures discussed below are part of PMC Research Center’s regular labor market monitoring supported by USAID and the European Union. Despite the year-on-year […]
Read moreEU: Georgia’s economy to slow but stay strong; business confidence hit by political turmoil
Georgia’s economy is expected to decelerate after a year of exceptionally strong growth, but maintain a solid pace of expansion at 5-6% in 2025 and 2026, based on the European Commission’s latest European Economic Forecast. The report attributes continued momentum to robust domestic demand and the country’s strategic position amidst geopolitical shifts driven by Russia’s […]
Read moreIDFI: Georgia’s IT sector slows down
Georgia’s IT sector is showing signs of stagnation, with just 18 new companies registered in 2025, a slowdown that reveals deeper structural issues, as the new report published by Institute for Development of Freedom of Information (IDFI) says. The report emphasizes that much of Georgia’s recent tech growth was driven by the post-2022 influx of […]
Read moreWB: Georgia ranks 2nd globally in 2024 labor productivity growth
The World Bank (WB) has published the 2024 results for global labor productivity. Labor productivity is measured as the level of GDP per employed person, adjusted for purchasing power and constant prices. The WB says labor productivity in Georgia increased by 10.4% in 2024, surpassing 56,608 international dollars. This double-digit annual growth places Georgia second […]
Read moreDeputy Minister: Visa-free travel with China boosts tourism, strengthens ties
Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development, met with Han Jun, Deputy Director of China’s Civil Aviation Administration (CAAC), to discuss strengthening civil aviation ties between Georgia and China. Nadareishvili expressed interest in expanding cooperation and increasing the number of flights operated by Georgian and Chinese airlines. He noted that the recent introduction […]
Read moreFrom Fast Growth to Future-Proofing—What’s Next for Georgia’s IT Sector?
In recent years, Georgia’s IT services sector has grown from a small, promising industry into a major driver of the country’s economy. Backed by low taxes and a skilled workforce, the sector expanded rapidly between 2017 and 2023. But new data from the National Bank of Georgia shows that, in 2024, IT service exports dropped […]
Read moreAVERAGE MONTHLY NOMINAL EARNINGS OF EMPLOYEES
In the I quarter of 2025, the average monthly nominal earnings in Georgia increased by 11.7 percent (226.7 GEL) compared to the same quarter of the previous year and amounted to 2 170.1 GEL. According to the economic activity the highest monthly earnings were observed in the following fields: ⦁ Financial and insurance activities – […]
Read more“Georgia’s economy has no chance of cutting poverty and stopping migration” – Demur Giorkhelidze
Economist Demur Giorkhelidze says in a conversation with Commersant that the country has no chance to make progress in reducing poverty. The economist comments on the Prime Minister’s statement, where Irakli Kobakhidze noted that the government’s goal is to cut unemployment to below 4% by 2028. “Everything is in the hands of the government, the […]
Read moreBusiness sector turnover amounted to 56.0 billion GEL in Q1, gambling segment accounted for largest share
In the I quarter of 2025, compared to the same quarter of the previous year, the volume of business sector turnover increased by 14.5 percent and amounted to 56.0 billion GEL. The increase was observed in the production value of the business sector as well. In the I quarter of 2025, production value equaled 20.7 […]
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