The latest issue of Employment Tracker, produced in collaboration with Jobs.ge. The tracker produces valuable insights into the Georgian labor market as it lays out the trajectory of employment and salaries, most demanded job categories, and expectations of specific economic sectors regarding their employment plans. 

As Georgia struggles to overcome various social and economic problems, pensions remain among the country’s central issues. The following bulletin will review the key changes that have taken place in the pension system over the last five years. 

Following the easing of travel restrictions by many countries, the outbound international visits by residents of Georgia have shown a significant recovery, reaching almost half of the pre-pandemic level by Q1 2022. The main destination for outbound Georgian visitors was Turkey, followed by Russia, Armenia, and EU countries. 

PMC RC stands firmly with Ukraine, supports its sovereignty and territorial integrity, and condemns Russia’s ongoing military aggression. While the most devastating outcome of this war is the humanitarian catastrophe in Ukraine and the destroyed lives of people, it is also essential to discuss the consequences of this war on the global economy.

The purpose of the research is to assess the representation of ethnic minorities, in particular, Azeri- and Armenian-speaking groups in civil service and identify barriers that limit their active engagement in this sector. In addition, the study evaluates the practices of data collection on civil servants’ ethnic background in accordance with the indicator of Sustainable Development Goals and examines the perspectives of different stakeholders on this issue.

Financial institutions play a pivotal role in the development of the Georgian economy. Indeed, while the financial system remains dominated by commercial banks, microfinance institutions (MFIs) are the biggest non-bank lending institutions based on portfolio volume. 

The marine fishing cluster in Georgia is mainly based in Poti in the Samegrelo-Zemo Svaneti region. The primary activity for companies therein is fishing in the Black Sea. Currently, enterprises mainly deploy outdated, Soviet-era vessels in their operations, which are in acute need of upgrading. However,significant measures have been taken to tackle this pressing challenge.

The sanctions imposed on Russia are unprecedented in their scale and speed. In total, including restrictions already been in place before the 2022 invasion, Russia has been the subject of over 5,000 restrictive measures enacted by 41 countries, which makes it the world’s most sanctioned country. This bulletin provides an overview of the most important sanctions that have been imposed on Russia following its invasion of Ukraine on February 24, 2022 and an assessment of the potential effectiveness of those sanctions.

In these difficult times, we would like to express our support and solidarity to Ukrainian people, to our colleagues, consultants and partners currently in Ukraine. We condemn Russia’s military attack and aggression, which puts at risk countless civilian lives.

We have been supporting Ukraine to advance as a democratic country throughout the years and we are committed to continuing this work.