Category: NEWS
Serbian government abolishes incentives for employers hiring newly settled individuals
The Serbian government has adopted a Regulation terminating the validity of the Regulation on the criteria for awarding incentives to employers who hire newly settled individuals in the country, citing an increase in both the number of employers applying for subsidies and the number of individuals settling in Serbia. According to the press release, this […]
Read moreYear of Vocational Professions: Olzhas Bektenov Outlined Priority Tasks for Ensuring Safe Working Conditions in Production
At a Government session chaired by Prime Minister Olzhas Bektenov, issues of ensuring safe working conditions in production and the digitalization of the labor sector were discussed. During the meeting, the head of the Government noted that the Head of State, by declaring 2025 the Year of Vocational Professions, set specific tasks to raise the […]
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 more85 enterprises in Kazakhstan accumulated wage arrears of T814 million
As of June 1, 2025, state labor inspectors at 85 enterprises have identified wage arrears to more than 2 thousand employees in the amount of T814 million, reports the Ministry of Labor and Social Protection of the Population of Kazakhstan. “During the inspections carried out in various organizations, about 2.4 thousand violations of labor rights […]
Read moreUkrainian refugee labour market access shows no impact on local employment outcomes in Czechia
Russia’s 2022 invasion of Ukraine sparked Europe’s largest refugee crisis since WWII. Unlike past waves of migrants, Ukrainian refugees gained immediate labour market access through the EU’s Temporary Protection Directive, offering a unique policy test. This column finds that the resulting labour force increase had no economically meaningful impact on employment, unemployment, or inactivity rates […]
Read moreUnemployment below 4% and average salary above 3,500 GEL by 2028 are the programmatic goals
As Prime Minister Irakli Kobakhidze said during a government meeting, elimination of poverty once and for all and economic growth are key national goals. The programmatic goal is to reduce unemployment below 4% and to raise the average salary above 3,500 GEL by 2028.
As Kobakhidze said, continuation of Georgia’s economic development is very important, as the country is a leader not only in the broader region but also across Europe in terms of economic growth.
The Prime Minister reported that the economic growth in April was 7.5%. Meanwhile, the average growth for the first four months was 8.8%, what makes Georgia one of the frontrunners in terms of economic growth, both regionally and Europe-wide. So, the goal is to maintain this pace of development.
The increase of the number of employed persons in Georgia between 2022 and 2024, over a span of three years, was 185,000, and the growth of the average salary was 917 GEL. Undoubtedly, a broad segment of the population feels the country’s economic growth, and it is necessary to keep moving forward at this pace. Economic growth is the key factor to eliminating poverty which is one of the primary national goals. To achieve that, it needs to ensure continued rapid economic development.
The targets of the government are very clear: the programmatic goal is to bring unemployment below 4% and to raise the average salary above 3,500 GEL by 2028. Fully accepting the responsibility, they expect to achieve them at the current pace.
Meanwhile, GeoStat published new data concerning poverty for 2024. They reported the poverty rate at 11.8% in 2023. In 2024, it decreased by 2.4 percentage points and achieved a single-digit figure of 9.4% for the first time since the 1990s. Kobakhidze reminded that in 2012, when Georgian Dream came into power, more than 1.1 million people in Georgia were living below the poverty line. Today that figure has decreased below 350,000.
Recognizing the evidence of the progress, the Prime Minister highlights that the government’s ultimate goal is to eliminate poverty entirely in Georgia. They are moving rapidly in that direction, having an absolutely realistic specific programmatic goal in this area — poverty reduction below 4% by 2028. Irakli Kobakhidze promised that at this pace, it is possible to eradicate poverty in Georgia in the medium term.
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Read moreVučić: Pension increase possibly before December, Kragujevac factory needs workers
“I will try to have pensions increased a month or two before December,” Vučić said. When asked by journalists how that would be possible since the current law does not allow for it, Vučić responded, “We will change the law.” He could not specify the percentage by which pensions would be raised, especially while a […]
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 […]
Read more3.1% of employed in Georgia earn more than 9,600 GEL – PMCG
In April 2025, the number of persons receiving a monthly salary of 9 600 GEL and more increased and stood at 3.1% that is 0.7% more compared with the corresponding period of 2024, and 1.2% more than in the corresponding period of 2023, as per PMCG employment tracker. The document states that in April 2025, […]
Read moreBy 2028, the programmatic goal is to bring unemployment below 4% and raise the average salary above 3,500 GEL- PM
One of our key national goals is to eliminate poverty once and for all, and of course, economic growth is crucial for achieving this — by 2028, the programmatic goal is to reduce unemployment below 4% and raise the average salary above 3,500 GEL,” said Prime Minister Irakli Kobakhidze during a government meeting. According to […]
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