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Georgian president promises to reduce unemployment by 2015

Politics Materials 16 November 2011 10:42 (UTC +04:00)
Georgian President Mikheil Saakashvili promises to reduce unemployment in the country to 10 percent by 2015. As Saakashvili said at the opening ceremony of the head office of "Bank of Georgia", the unemployment rate in 2008-2009 increased from 18 to 20 percent and later dropped to 16 percent, and today the figure hits 14 percent.
Georgian president promises to reduce unemployment by 2015

Georgia, Tbilisi, Nov.16 / Trend, N. Kirtskhalia /

Georgian President Mikheil Saakashvili promises to reduce unemployment in the country to 10 percent by 2015. As Saakashvili said at the opening ceremony of the head office of "Bank of Georgia", the unemployment rate in 2008-2009 increased from 18 to 20 percent and later dropped to 16 percent, and today the figure hits 14 percent.

President Saakashvili also talked about the current difficult economic situation in the world and stressed that the existing negative processes can not have a significant impact on the Georgian economy.

"Great economic earthquake hit Europe. We naturally feel the tremors of this earthquake, but they should not cause economic damage to us, as Georgian economy develops in the right direction in recent years," Saakashvili said.

He said now Georgia's foreign debt is less than it was in 2004. "Georgia, of course, is not a rich country yet, but a positive trend is that for the first time in the last two years we see reduced unemployment," Saakashvili said.

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