Category: NEWS
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 moreThe decrease of Georgia’s IT Sector Foreign Income is $133 Million in Nine Months
The National Bank of Georgia reports that the foreign income of Georgia’s IT sector decreased by 22% in January- September 2024 compared to the same period last year.
A peak for the industry was reached in 2023 ($784 million). The migration effect achieved its peak in 2022-2023, because geopolitical unrest made thousands of Russian, Ukrainian, and Belarusian IT specialists temporarily relocate to Georgia. The sector’s foreign income got a large contribution from their activities, conducted from Georgia, during that period.
30,600 people were employed in the information and communication sector, which includes IT, at the end of 2021. This number increased to 39,000 in 2022 and attained 48,000 by 2024, but the sector’s overall income has shown a decline in spite of the increase in the number of employees. The return migration of Russian, Belarusian, and Ukrainian IT professionals who had temporarily boosted the industry’s earnings during their stay in Georgia caused this decline.
Temporary external factors such as migration influenced the decline and underscored the challenges of sustaining rapid growth in the IT sector. The sector may be stabilized and expanded by enhancing the domestic IT workforce and fostering long-term growth strategies.
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Read moreKazakhstan has the third-highest unemployment rate in Eurasia according to global ranking
According to the global ranking of unemployment rates for 2024, prepared by ILOSTAT, Kazakhstan is 104th out of 187, with an unemployment rate of 4.8%.
Analysts from Energyprom.kz recorded the worst unemployment rates in Eswatini (34.4%), South Africa (33.2%), and Djibouti (25.9%). Qatar has the lowest rate (0.1%).
Only Tajikistan (11.6%) and Azerbaijan (5.6%) were ahead of Kazakhstan in the Eurasia region. Moldova (1.4%), Russia (2.5%), and Kyrgyzstan (3.3%) showed the best performers in the region. For context, the global average unemployment rate in the Central Asia region stood at 5.5%, compared to 5% in Europe.
According to the Bureau of National Statistics of Kazakhstan (BNS), there were 448,600 unemployed individuals by the end of Q3 2024 (0.6% fewer than during the same period in 2023), with the official unemployment rate at 4.6%.
The primary causes of unemployment were family circumstances (100,200 cases), voluntary resignations (95,600 cases), and difficulties in finding employment (92,200 cases).
It took 127,500 individuals less than a month to find a job; 113,300 – one to three months;124,600 – three to six months; 36,800- six months to a year; 46,000 – over a year.
Entrepreneurial ventures had already been initiated or employment arrangements were secured by 332 individuals.
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Read moreGermany faces challenges integrating Ukrainian refugees into workforce
Germany has become home to the largest share of Ukrainian refugees in the European Union, hosting 1,140,705 individuals as of late October, or 27.2% of the 4.2 million Ukrainians who fled to the EU, according to Eurostat. Despite the influx, only about a third of working-age Ukrainian refugees in Germany have found employment—a situation largely […]
Read moreSalary is the most important factor when choosing a job in Serbia
Salary is a key factor in choosing a job. This is exactly what the latest survey of “Infostud” conducted during the Regional Employment Fair showed, in which about 6.000 employed, unemployed and currently studying respondents participated, mostly from Serbia. For more than 66 percent of them, earnings were the decisive criterion – he writes Politics. […]
Read moreGlobal Ranking: Kazakhstan Has the Third-Highest Unemployment Rate in Eurasia
In the global ranking of unemployment rates for 2024, prepared by ILOSTAT, Kazakhstan placed 104th out of 187 countries with an unemployment rate of 4.8%. According to analysts from Energyprom.kz, the worst unemployment rates were recorded in Eswatini (34.4%), South Africa (33.2%), and Djibouti (25.9%), while Qatar boasted the lowest rate globally at 0.1%. In […]
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 moreStatistics Office reports a 10.9% surge of Georgia’s average monthly earnings in Q3 to $731.92
As the National Statistics Office said on Monday, average monthly nominal earnings in Georgia raised by 10.9 percent (₾201.3 ($71.64) in the third quarter of 2024, compared to the same quarter in the previous year, and reached a total of ₾2,056.7 ($731.92).
According to the Office, the information and communication sector offered the highest monthly earnings (₾3,976.9 ($1,415.27) on average, showing an increase of 0.5 percent from last year). Then followed construction, (₾3,198.2 ($1,138.15) on average, up 5.4 percent), financial and insurance sector (₾3,186.6 ($1,134.02), up 13.5 percent),
professional, scientific, and technical sectors (₾3,062.9 ($1,090), up 17.1 percent).
Average earnings at ₾1,650.6 ($587.40) for women and ₾2,451 ($872.24) for men make the earnings gap between genders prevalent. An annual earnings growth is ₾191.5 ($68.15), or 13.1 percent, for women and ₾217 ($77.22), or 9.7 percent for men.
An increase in the business sector is 9.1 percent, (the average earnings attained ₾2,190.1 ($779.40). A decrease of 0.2 percent in the information and communication sector made the earnings fall to ₾4,065.8 ($1446.90), while an increase of 16.9 percent, averaging ₾3,500.5 ($1,245.73), was recorded in professional, scientific, and technical sectors.
Meanwhile, a 14.8 percent increase was seen by employees in the non-business and financial sectors, making their average earnings attain ₾1,813.5 ($645.37). Financial and insurance activities are the leaders in this domain.
The leaders in average earnings are the capital city of Tbilisi and the Mtskheta-Mtianeti region of the country.
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Read moreMore than 13,000 foreigners work in Kazakhstan
The Ministry of Labor and Social Protection of the Population reports that 13,743 foreign citizens are currently working legally in Kazakhstan.
Most of them are managers and their deputies (564 and 2,585 permits issued for heads of structural subdivisions, respectively). The majority of the foreign workers are specialists (4,913) and skilled workers (999). Seasonal work and corporate transfers attracted 1,186 and 3,496 people respectively.
Foreign citizens work for 1,744 employers in Kazakhstan (a total workforce of 388,000 Kazakhs, 96.5% of the total number of employees).
Construction (5,390 people), manufacturing industry (1,455 people), mining and quarrying (1,335 people), administrative and auxiliary services (1,305 people), agriculture, forestry, and fishery (1,237 people) employ the largest number of people.
The largest number of foreign workers is from China (4,881 people), Uzbekistan (1,273 people), Türkiye (1,203 people), and India (1,095 people).
Approximately 1 billion tenge was attracted by the Kostanay region worth of foreign investments in the past two years, creating over 1,000 jobs.
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Read more12% of IT professionals in Ukraine work two jobs, — DOU survey
About 12% of Ukrainian IT pros (out of 13,000 surveyed by DOU website) have a side gig — and that number has significantly increased compared to last year. Overall, 27% of IT professionals have projects on the side of their main job, with 12% having a direct second job, 11.7% working on a pet project, […]
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