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Economy

Prime Minister Appraises New Seaport and Terminal Construction in Poti

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The agreement requires generating a new seaport and terminal in Poti while using the financial support of OPIC.

According to the Prime Minister\’s press office, it\’s an important event, because logistics is really a key factor for creating Georgia a regional economic center.

\”This will certainly be a modern terminal complex, that can bring large-scale changes towards the country and regional economy. I do believe this project might be among the many exemplar projects during the whole region. Engage of people Finance Institution additionally, the OPIC-allocated 50 million USD confirms that for that USA Georgia is usually a reliable and important partner. We have now stated sometimes that Georgia-US relations are at the greatest level. Economic contacts gain more and even more importance within our relations\”, the number one Minister said.

The Pm also stressed the special contribution that OPIC renders to Georgian economy. Right now, OPIC has invested about 600 million USD in Georgia to finance about 60 projects, Mamuka Bakhtadze said.

The Prime Minister expressed special gratitude to OPIC management and also the OPIC md Kenneth Angel, who\’s visiting Tbilisi.
\”OPIC has significant plans in Georgia. I am grateful for our American friends, because they have got decision to be expanded financial support for Georgia. I\’d like to thank Pace Group to do this important project\”, Mamuka Bakhtadze said.

The ceremony was attended by way of the President of Georgia, government officials, acting US ambassador in Georgia and representatives of Georgia-based diplomatic corps.

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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