Category: Georgia
Georgian 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 moreADB Georgia continues to provide help for skill development
The Asian Development Bank, Georgia has been providing all kinds of assistance for the skill development of Georgian youth. The bank is implementing the project “Modern skill for better employment” in this direction. It is worth noting that the Asian Development Bank of Georgia has been working for a long time to significantly upgrade the […]
Read moreShalva Papuashvili: under the government of “Georgian Dream” unemployment has halved and decreased from 26.7% to 13.7%
Under the “Georgian Dream” government, unemployment has halved and decreased from 26.7% to 13.7%, – Speaker of the Parliament Shalva Papuashvili writes about this on the social network. As Papuashvili claims, in four years, the unemployment rate will be at the lowest rate since independence and will be 4%, which is lower than the average […]
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