News of the day
The US State Department recently published a report lauding the investment environment in Georgia, attributing its success to economic stability and progressive reforms undertaken by the nation.
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In the second quarter of 2024, the unemployment rate in Georgia decreased by 3.1 percentage points compared to the same period the previous year, reaching 13.7%, according to data released by "Geostat."
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Other news
In the first seven months of 2024, more than 22,000 apartments were sold in Tbilisi, totaling $1.7 billion in sales, according to a report by investment bank Galt & Taggart. This marks a 1.9% increase in sales value compared to the same period last year.
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Mariam Kvrivishvili, Deputy Minister of Economy, announced the launch of a new resort development in Racha, Georgia, starting with the selection of Mravaldzali. This initiative, prompted by the Prime Minister of Georgia, aims to boost tourist traffic, generate employment, and enhance the economic landscape of the region.
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Mariam Kvrivishvili, Deputy Minister of Economy, announced the launch of a new resort development in Racha, Georgia, starting with the selection of Mravaldzali. This initiative, prompted by the Prime Minister of Georgia, aims to boost tourist traffic, generate employment, and enhance the economic landscape of the region.
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Galt&Taggart's latest analysis indicates a significant rise in tourism revenues for Georgia in 2024. As of July, the revenue from tourism surged by 23.5% year-over-year, totaling $600 million for the month.
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