Economy

Global Employers to Cut 83 Million Jobs by 2027: World Economic Forum Report

A report by the World Economic Forum has revealed that global employers plan to create 69 million jobs and cut 83 million by 2027. The findings highlight the impact of technological advancements, with 42% of tasks expected to be automated by 2027.

Georgia's Water Resources Management Law in Need of Reform

In a recent podcast episode of "Guide to Economic Reforms," Mariam Bakhtadze, water resources management advisor of the USAID economic governance program, spoke with Soso Galumashvili, Senior consultant at Gepra.

Georgia to Introduce New Regulations for Intercity Transfers

The Georgian government is planning to implement new regulations for bus stations and passenger transport operators to improve safety, comfort, and efficiency for intercity transfers.

First Deputy Minister of Environment Protection and Agriculture of Georgia, Gela Khanishvili, Resigns from Post

Gela Khanishvili, the First Deputy Minister of Environment Protection and Agriculture of Georgia, has announced his resignation from the position. 

Georgia's Prime Minister Addresses Parents of Children with Achondroplasia, Calls for Cooperation in Accessing Treatment

Georgia's Prime Minister Irakli Gharibashvili has addressed the parents of children suffering from achondroplasia, a genetic disorder that affects bone growth, and called on the state to finance medicine for the treatment of the disease.

Georgia's Partnership Fund to be Renamed 'Development Fund of Georgia' in Ambitious Reform Plan

Georgia's Partnership Fund is set to undergo a reform that will result in the fund being renamed the "Development Fund of Georgia".

National Property Agency Exceeds Privatization Plan, Sells State-Owned Properties Worth Millions in Q1 2023

Georgia’s National Property Agency sold state-owned properties worth more than 46.3 million GEL in the first quarter of 2023, exceeding the privatization plan.

Wizz Air Expresses Interest in Expanding Presence in Georgia Beyond Kutaisi

In a recent meeting between the co-founder of Wizz Air, Jozsef Varadi, and the Georgian ambassador, Tamuna Liluashvili, both parties discussed the ways to further enhance their partnership.

EU and World Bank Release Subnational Public Expenditure and Financial Accountability Assessments for Georgian Municipalities

The European Union and the World Bank have released Public Expenditure and Financial Accountability (PEFA) assessments for three Georgian municipalities