Georgian Prime Minister Irakli Garibashvili says that 300,000 Georgians fit to work are dependent on state social assistance, even though the government is able to create jobs for them and ensure stable income in the long run. Garibashvili also stated that existing drug policy in Georgia was “too liberal” and that the government had plans…
The unemployment rate in Georgia increased by 2.5% in the third quarter of 2021 compared to the same period of last year, amounting to 19.5%, the National Statistics Office of Georgia (Geostat) reported. In urban areas, the unemployment rate grew by 1.9%, while in rural areas it increased by 3.5%. The economic activity rate, or…
Georgia ranks 29th of 194 counties in a Business Bribery Risk Index 2021, while in 2020 the country ranked 28th in the list, Trace International reported. The country risk score is calculated based on four domains: business interactions with government, anti-bribery deterrence and enforcement, government and civil service transparency and capacity for civil society oversight…
French Business Confederation (MEDEF) members have been introduced to Georgian business environment and investment opportunities by Georgian officials. Prime Minister Irakli Garibashvili, who welcomed the MEDEF members at the Administration of the Government of Georgia, discussed Georgia’s unique location, strategic partnerships and free trade agreements with the EU, the Commonwealth of Independent States, China and…
Georgian Prime Minister Irakli Garibashvili has met with Managing Director at Rothschild & Co Arielle Malard de Rothschild and discussed the “favourable investment environment” in Georgia, the Georgian government administration reports. Garibashvili stated that the Georgian government was working intensively on large tourist, logistic and industrial investment projects, that were planned to be offered to…
The Asian Development Bank (ADB) has approved a EUR 101-million loan to build and upgrade infrastructure and enhance services in urban centers to boost regional development and economic opportunities in Georgia. The project aims to support the country’s recovery from the pandemic and “make its cities more livable, inclusive, and climate-resilient”. ADB reports that the…
The United Airports of Georgia reported that in October passenger traffic at Kutaisi International Airport was restored by 48% compared to the same period of 2019. Kutaisi International Airport serviced 42,777 passengers. 65% of flights were resumed at Kutaisi International Airport in October (195 flights). A total of 298 flights were launched in October 2019.…