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Monday, 24 October 2016


Saakashvili promised to reduce unemployment in Georgia to 10%

2011-11-16 11:17
Saakashvili promised to reduce unemployment in Georgia to 10%. 24501.jpeg

On the eve in the Georgian capital, the opening ceremony of the new head office of "Bank of Georgia" was held. According to Trend, during a speech at the ceremony, Georgian leader Mikhail Saakashvili has promised to reduce unemployment in the country to 10 percent in 2015.

He said that over the period 2008-2009, the unemployment rate rose from 18 percent to 20 percent, but then dropped to 16 percent. To date, it amounts 14 percent, the president said.

According to him, the negative trends occurring in the global economy, have reflected in the economy Sakartvelo. "In Europe - there has occured great economic earthquake. We naturally feel the tremors of this earthquake, but they should not cause economic damage in our country, since Georgian economy is developing in the right direction in recent years. Our economy is not based on speculation and "pyramid" schemes, in which there is fairly low budget deficit and an economy in which there is very low ratio of debt to a single national product", Saakashvili said.

Currently, Georgia's foreign debt is lower than it was in 2004, said the head of the Georgian state. "It's needless to say, we have lent, but our single national product is much larger. Georgia, of course, is not a rich country yet, but the fact that we have started to reduce unemployment for the first time during the last two years is a positive trend", Saakashvili concluded.

Recently, experts of the International Monetary Fund expressed their concerns about high unemployment in Sakartvelo. The representative of the Fund in this country Edward Gardner noted that, despite the fact that in recent years, there has been economic growth, the unemployment rate actually has not changed. And there's no downward trend in unemployment.

Gardner stressed further that in Georgia there live educated people. However, he also identified such problems as lack of specialists for certain types of enterprises.

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