Our latest monthly publication, Employment Tracker, offers insights into recent developments in Georgia’s labor market. In July 2024, the share of people receiving a lower monthly salary (up to 600 GEL) decreased (-2.9%), while the share of people receiving the highest salary range (9,600 GEL and more) increased (+0.6%). In July 2024, the total number of vacancies published on jobs.ge was the highest since 2022. Over the past 6 months (from February 2024 to July 2024), the fastest growing number of vacancies category was logistics, transport and distribution. Please refer to the full publication for more insights. 

In Georgia, the average cost of a room in a 3-star hotel was 178 GEL per night in July 2024, while the average cost of a room in a 4-star hotel in Georgia was 272 GEL per night and the average cost of a room in a guesthouse was 114 GEL per night.    

Our latest publication examines youth employment in Georgia from 2020 to 2023. The successful participation of youth (those aged 15-24) in Georgia’s labor market is vital for the country’s socioeconomic development. It promotes social integration, reduces poverty, and boosts economic productivity. During 2020-2023, the contribution of youth to the Georgian labor market declined, even though during this time the proportion of youth among the total population aged 15 and older remained stable. Decreasing participation of youth in the labor market is driven by both emigration and extended education periods. In 2023, approximately one out of every five young persons in Georgia neither worked nor studied, while only 7% of them managed to work and study simultaneously. Please refer to the full publication for more insights. 

Our latest Employment Tracker publication offers insights into recent developments in Georgia’s labor market. In June 2024, the share of people receiving a monthly salary of 2400 GEL or more continued to increase (+3.6 pp). In June 2024, the number of vacancies published on jobs.ge did not change compared to June 2023.  Over the past 6 months (from January 2024 to June 2024), the fastest growing number of vacancies category was administration and management.  Please refer to the full publication for more insights. 

Amid rapid technological advancements and the widespread development of AI (specifically, the democratization of generative AI), coupled with the fraught geopolitical situation in the region, largely stemming from Russia’s ongoing war on Ukraine, it is imperative to understand the nuances of the innovation ecosystems of Black Sea countries. 

Our latest Quarterly Tourism Update offers insight into Georgia’s tourism indicators in Q1 of 2024. In Q1 of 2024, international visits to Georgia increased by 25%, compared to Q1 of 2023. For such visits, Türkiye was the leading country of origin, closely followed by Russia. In Q1 of 2024, visits to Georgia’s protected areas did not recover to pre-pandemic levels for the corresponding period.  In Q1 of 2024, average hotel prices in Georgia generally increased compared to the same period in 2023.

In Georgia, the average cost of a room1 in a 3-star hotel was 183 GEL per night in June 2024, while the average cost of a room in a 4-star hotel in Georgia was 275 GEL per night and the average cost of a room in a guesthouse2 was 126 GEL per night. The average cost of a room in a 5-star hotel in Georgia in June 2024 was 518 GEL per night. In Guria, the average price was 757 GEL, followed by Kakheti – 641 GEL, Tbilisi – 597 GEL, and Adjara – 524 GEL.  

The latest Georgian Economic Climate (Q2, 2024) publication offers assessments of various economic developments by Georgian economists. Assessment of Georgia’s present economic situation was slightly negative, while predictions for Georgia’s economic situation by the end of the next six months were also negative. Political instability and exchange rate fluctuations had the greatest impact on the Georgian economy in Q2 2024. The bill on “transparency of foreign influence” is expected to have a negative impact on the EU accession process, FDI inflows, and currency depreciation.

Our latest Employment Tracker publication offers insights into recent developments in Georgia’s labor market. In May 2024, the share of people receiving a monthly salary of 2400 GEL or more continued to increase (+5.6 pp). In May 2024, the number of vacancies published on jobs.ge decreased by 3% compared to May 2023. The labor market efficiency is returning to its pre-pandemic levels. However, further observation is needed to draw final conclusions. Please refer to the full publication for more insights.

This publication compares the position of Ukraine in relation to two fellow EU candidate countries, namely Georgia and Moldova, to understand where it stands on European integration. Specifically, it evaluates the performance of all three nations alongside that of EU member states across several key indices and rankings.  A promising trend is evident in Ukraine's Control of Corruption indicator, showing a steady increase from 2019 to 2022. Fighting corruption is a key demand of the Ukrainian people and a crucial prerequisite for EU accession. According to the European Commission, despite Russia’s full-scale invasion in February 2022 and subsequent war, Ukraine has persisted in advancing democratic and rule of law reforms. Relatedly, in December 2023, EU leaders initiated accession negotiations with Ukraine.