Category: Georgia
Georgia hits record employment rates
The Ministry of Economy of Georgia reported that the country had a record-breaking low unemployment rate in 2024, marking a 2.5% drop to 13.9%. In other words, the number of unemployed individuals decreased by 34,700, totaling 227,000. Naturally, the employment rate also hit a historic high, with an increase of 67,900, marking the overall employed […]
Read moreGeorgian Deputy Economy Minister highlights “historic low” in unemployment, “all-time high” employment figures for 2024
Vakhtang Tsintsadze, the Deputy Economy Minister of Georgia, on Wednesday highlighted the domestic unemployment had fallen to a ”record low” of 13.9 percent in 2024 while the number of employed individuals reached an “all-time high” of 1.4 million in the past year. Vakhtang Tsintsadze, the Deputy Economy Minister of Georgia, on Wednesday highlighted the domestic […]
Read moreGeostat: Pension and social assistance data for 2024
Geostat recently published data on Georgia’s social assistance and pensions, showing that a total of 864.3 thousand people received such benefits in 2024, while women accounted for 70.8% of pension recipients. Region-wise, the biggest number of pension-receiving people resided in Tbilisi (30.5%), followed by Imereti (15.6%), Samegrelo-Zemo Svaneti (10.3%), Kvemo Kartli (10.2%), Kakheti (8.6%), and […]
Read moreDigital Transformation for Non-Technical Leaders Driving Success Without a Tech Background
In an era where digital innovation is reshaping industries worldwide, Georgia is no exception. The country’s business landscape is undergoing rapid transformation as organizations adopt digital technologies to stay competitive, improve customer experiences and enhance operational efficiency. However, many leaders in Georgia, particularly those without a technical background, face unique challenges in navigating these changes. […]
Read moreGeorgian Parliament Speaker slams EU’s visa-free travel suspension for diplomatic passport holders as “hypocritical”
Papuashvili accused Brussels of “targeting Georgia while ignoring the historical context” behind the original visa agreements. Georgian Parliament Speaker Shalva Papuashvili on Tuesday criticised the European Council’s decision to suspend visa liberalisation for holders of Georgian diplomatic and service passports, calling its basis “false and hypocritical”. The EU body on Monday announced the suspension as […]
Read moreSome IT companies have left Georgia and are trying to find other preferential regimes, for example, in Slovakia and Armenia – Shorena Kopaleishvili
According to Shorena Kopaleishvili, Chairman of the Association of Georgian Virtual Zone, 2024 was a negative year for the IT sector. The trend that has developed over the years of turning Georgia into a regional center is gradually disappearing, since not only do foreign companies not come to the country, but existing ones are also […]
Read moreCU 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”.
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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 […]
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