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.
Quantity of Hired Employees Exceeded Quantity of Self-Employed People Recently
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.
Competition on Borjomi Park concept Announced
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.
EIB Allocates Additional 250 million EUR for Georgia\’s Infrastructure Development
As part of two agreements under Transport Communication Project of Georgia, EIB has allocated 500 million EUR financial aspect to Georgia for constructing 14-km Grigoleti-Choloki highway and building Chumateleti-Khevi and Ubisa-Shorapani sections of the Rikoti Pass.?
Consultations on allocating 250 million EUR component has become already finished EIB.?
In water supply sector, with the EIB financial support, Kutaisi Water Raceway project is it being implemented and EIB has allocated 100 million EUR financial component with this project.
A grant agreement continues to be signed in Eastern Partnership technical assistance program on allocation of the grant of approximately 250 000 EUR. Moreover, for that project support, a further grant agreement will be signed sooner and EU will allocate 4 750 000 EUR grant.?
Two framework agreements are actually signed for municipal infrastructure development. 200 million EUR has become used fund this direction and grow municipal roads, public buildings, kindergartens, tourism infrastructure, water and solid wastes infrastructure.
About 1.3 billion EUR is allocated for improving Georgia\’s infrastructure, including 750 million EUR for road infrastructure, 200 million EUR for municipal infrastructure, and 180 million EUR for water supply infrastructure.
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