Category: Georgia
Georgia’s welcoming international freelancers-what they can enjoy and should pay attention to
The Minister of Economy and Sustainable Development of Georgia has announced on the government’s initiative regarding letting international freelancers visit Georgia for a long term and legally work from here. The detailed information regarding the initiative is yet to be published. So far we know that the freelancers will need to fill a quite simple […]
Read moreEU report: Despite continued economic growth, businesses in Georgia are facing number of challenges
Despite continued economic growth in 2023 and early 2024, businesses in Georgia are facing number of challenges, primarily driven by political uncertainty and workforce shortages, says the newly released EU Business Climate Report Georgia 2024. The survey, conducted among up to 200 companies with European links, highlights concerns that could hinder long-term economic stability. The […]
Read moreBusiness sector turnover up 10% in Q4
In the IV quarter of 2024, compared to the same quarter of the previous year, the volume of business sector turnover increased by 10.0 percent and amounted to 62.0 billion GEL. The increase was observed in the production value of the business sector as well. In the IV quarter of 2024, production value equaled 23.5 […]
Read moreTax revenue rises in January despite decline in VAT
The Ministry of Finance reported data revealing that tax revenue equaled GEL 1.82 billion in January 2025. This reflects an increase of GEL 180 million compared to the same timeframe of last year. Despite such growth, primary tax categories still declined: Value-added tax (VAT) – GEL 14 million decrease to GEL 644 million; Excise tax […]
Read moreGeorgia 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 […]
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