As of Q1, 2021, the number of hired employees down by 108 thousand in Georgia, show preliminary data from Statistics Office of Georgia (Geostat).
According to the report, number of self-employed persons is declined by 25 thousand to 345.7 thousand. Totally, the number of employed persons down by 132.9 thousand.
Geostat reports, that the unemployment rate surged to 21.9% in Georgia.
According to a report published by the International Labor Organization (ILO), Georgia is in the top ten in the world in terms of unemployment and ranks tenth. The data of the International Labor Organization is based on the data of 2020 in the case of 7 countries, including Georgia.
Keti Bochorishvili, former Deputy Minister of Economy sees a way in stimulating the private sector by the state. Keti Bochorishvili explains that the reduction of the unemployment rate is also described in the strategic document of the government, however, the strategy has remained only on the paper. According to her, the issue is complex and can only be resolved through consistent policies.
“Decline of the investments is directly correlated with the unemployment rise, we need to consider various incentives ... Improvement of the business environment is the first sign that indicates on employment. If employment does not grow, it means that we are making some mistakes in the business environment because the business cannot employ people itself.
The state can never create as many jobs as the private sector, we must exclude this. The state should be efficient to create an ecosystem that will stimulate the private sector and then, the private sector will provide employment. We do not see any steps and projects to support the private sector amid the pandemic,” said Keti Bochorishvili.
See all the news
What regime of sanctions applies to Russian oil and what requirements Georgia has to comply?
Financial Services in CAREC
#TheCheckpoints: TIWB & Georgia - Interview with Rusudan Kemularia, Head of TIWB Secretariat
#TheCheckpoints: The Professional - Demnagram_Story of Saba Bakhia
#პროფესიონალი: საბა ბახია
Stoli® Group to Release Limited-Edition Bottle in Support of the Ukrainian People
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Aliyev replaces long-serving central bank head with loyalist
Putin imposes visa restrictions on citizens from 'unfriendly' countries
BMG-ს მედია რუბრიკა: #პროფესიონალი - გიორგი მიქაია
ყველაზე სანქცირებული რუსი ოლიგარქები
Business Leaders Council by USAID and Georgian Business
ვინ არის მსოფლიოში #1 სნაიპერი “Wali”?
ბინების ქირის ფასი 50%-მდე გაიზარდა
OECD formally terminates the accession process of Russia
"Today we are all Ukrainians"- Zurab Pololikashvili
საქმიანი დილა - 25.02.2022 - გადაცემა სრულად
Tourism is the main bridge for building understanding - ZURAB POLOLIKASHVILI