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March 27, 2017 #186
March 27, 2017, Issue 186 - www.cbw.ge
Econo-mix Government Town in Ortachala will Assemble almost All Ministries Pg. 4
Event Schirhofer-From Family Business to Global Brand
PR Person Nino Jibladze: Successful Writer Turned PR Manager Pg. 5
What are the Development Perspectives for Produce in Georgia Beneficiary Companies?
Pg. 8
Anatomy of Georgia’s Labor Market Economists always discuss various statistics to appraise economic state of a country. Besides gross domestic product (GDP) level, the unemployment level is one of the statistical indicators that draws attention of economists and society. Unemployment is a heavy burden on Georgian population and it leads to economic, psychological and social losses. According to various theories, a 1% growth in unemployment level results in about 2% reduction in GDP. Moreover, the Authorities lose revenues as a result of reduction of number of taxpayers. In developed countries and in some developing countries, expenditures grow more, because the Authorities have to pay higher compensations for increased unemployment. There is a different situation in Georgia, because the Authorities do not pay any compensation for unemployment and unemployment burden is laid on only unemployed citizens. Their incomes shrink and skills and experience regress in the course of time. Pg. 6
Rural Development Strategy Rural Development Strategy was developed by initiative of Georgian government, by support of EU and UN Development Program (UNDP) and UN Food and Agriculture Organization (FAO), as part of European Neighborhood Program for Agriculture and Rural Development (ENPARD). Action Plan for 2017 Agriculture Development Strategy includes quite ambitions plans. The Government-proposed document determines an action plan that should be implemented in the coming years. We introduce the action plan without changes. “Financial support will be provided to about 110 new and operating enterprises; 500 hectares of agriculture land plots will be insured; New gardens will be arranged on 700 hectares; water supply to irrigated land plots will be improved on about 7500 hectares; about 1600 hectares of spaces will be rehabilitated and dried; irrigation and drainage channels of about 800 kilometers will be cleaned and arranged; about 40 cooperatives will be equipped by Pg. 11 due inventories;