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Vazil Hud

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Investment portfolio of your European Investment Bank in Georgia plus the main priorities of the future cooperation were the topic of the conversation.

The Minister of Economy and Sustainable Development George Kobulia, after conclusion in the meeting, stated that two new priority directions, like the cooperation in promoting of the energy efficiency and attracting the direct foreign investment to the country. Reported by George Kobulia, the EIB provides financial and technical assist to Georgian companies in an effort to implement technological re-equipment of the enterprises to make the production process energy-efficient.

\”Another priority issue is attraction with the direct foreign investment. The lending company will retain the steps involved in bringing large European companies into Georgian market, which assists to advance the export potential of our country in order to develop more SMEs,\” C the Minister of Economy and Sustainable Development stated.

\”The EIB gives over the past 10 years almost 200 million Euro support. We have been dealing with local banks to distribute your little friend loans guaranties for the enterprises in Georgia. We\’ll do this again. We are going to focus mainly on the enterprises, any local companies, which might be involved, one example is, in energy efficiency, agriculture and technology-We told the Minister the European Investment Bank will attempt to assist to get the investors and also, deliver the support for such investment,\” C the Vice-President of the European Investment Bank, Vazil Hudk noted. The Vice-President from the EBI also highlighted the energy projects maintained by the Bank.

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Economy

Quantity of Hired Employees Exceeded Quantity of Self-Employed People Recently

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In line with Mikabadze, that the amount of employed workers exceeded the sheer numbers of self-employed people and share with the overall quantity of employment equaled to 50,8%, ?indicates the increase in the amount of jobs generated from the productive sectors of economy.

\”The lessing of the unemployment rate has resulted in stable economic indicators which were observed within the recent times in Georgia in line the decreased rate of economic increase this particular region. It is crucial that the unemployment rate has reached the lowest mark within the last Many years. Unemployment is decreased both among women and men,\” C Ekaterine Mikabadze said.

According towards Deputy Minister, the unemployment rate among men has decreased by 1,1% totaling to 13,9%, while among women the cell number was decreased by 1,5% and equaled to 11,2. Normally, the number of unemployed in 2018 was decreased by 30,7 thousand people plus the range of employees amounted to ?245,7 thousand person.

According to Ekaterine Mikabadze, the amount of employees in 2018 decreased by 12,4 thousand and 1694,2 thousand. \”A small decline in how many employed people as a result of a decrease in how many self-employed people, and also the quantity of employed workers significantly was increased by 35,9 thousand and amounted to 860,2 thousand people. How many self-employed people was decreased by 48,2 thousand and equaled to 833,4 thousand persons,\” C the Deputy Minister noted.

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Economy

Competition on Borjomi Park concept Announced

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Based on the official documentation, the concept includes: long-term vision with the development of Borjomi Central (historical) park, upkeep of historical-cultural function – development; Expansion of park’s perspectives; Growth and development of recreational function; Upkeep of the diversity of flora, if needed, add new species; Landscape design visions; Arrangement of paths, attractions and logistics.

Competition involves 2 stages. Applications is going to be completed on March 15. Inside first stage, the jury will select the best projects. Next the 3 winners shall be revealed by their involvement and public participation. Your second stage will end on April 5.

“Anybody or group playing competition may present the repair in?Borjomi municipality.

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Economy

237.5 So many Georgian Citizens are Unemployed

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In 2018 the annual unemployment rate decreased by 1.2 percentage points compared to 2017 and amounted to 12.7 percent.

It must be noted how the downtrend inside the unemployment rate is maintained in the last nine years, furthermore in 2018 unemployment rate reached the minimum level over the past 15?years.

In IV quarter 2018 economically active population constituted 63.6 percent from the working age population (population aged 15 and older). In comparison to the previous quarter, the efficient?activity rate and employment rate decreased by 0.7 percentage points. The employment rate in?urban settlements decreased by 0.2 percentage points compared to the previous quarter plus?rural settlements – 1.3 percentage points. As compared to the previous quarter the commercial activity?rate in rural settlements decreased by 1.6 percentage points, when it\’s in urban settlements remained?unchanged.

Traditionally, the unemployment minute rates are higher for males than women. In IV quarter 2018 the indicator was 2.6 percentage points higher for men when compared to the corresponding indicator for girls.

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