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In Georgia was a rapid decline in unemployment and investment growth

Prerequisite to reducing unemployment is considered a “tourist boom”, associated, in particular, with the growth of tourist flow from Russia after the warming of Russian-Georgian relations

В Грузии отмечены резкое сокращение безработицы и рост инвестиций

The Minister of Finance of Georgia Nodar Khaduri said that in 2016 the unemployment rate in Georgia reached a record low, accounting for 11-12 percent of the workforce. Details of the reports Georgy Kobaladze.

Of course, this is still a very big number, but today the country is much less unemployed than 4 years ago, said Khaduri. According to government Agency the geostat data, in 2012 the unemployment rate reached 15-16 percent.
 
The main reasons for the increasing number of employed experts believe significant growth in investment and tourism “boom” that swept Georgia. Including a significant growth of interest in Georgia from the Russian tourists.

In a recent statement, the founder of the ruling coalition “Georgian dream”, billionaire Bidzina Ivanishvili said that in 2013-2016, foreign direct investment rose 62 percent from the years 2009-2012, amounting to one billion 351 million dollars.

A significant portion of these investments are the projects implemented through the “co-investment Fund” which billionaire Ivanishvili founded after retiring from the post of Prime Minister in late 2013.

The second main prerequisite for reducing unemployment is considered a “tourist boom”, associated, in particular, with the growth of tourist flow from Russia after the warming of Russian-Georgian relations as a result of the change of power in the country. Prime Minister Giorgi Kvirikashvili said at a session of Parliament that the number of students attending Georgia is growing annually at 7-8 per cent, reaching the absolute index of 5.9 million people with a total population of 3.6 million.

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