Tbilisi (GBC) – According to the research of the Business Association of Georgia (BAG), in Q3 of 2024, labor shortage was cited as a hindering factor by 54% of surveyed companies. Across the covered sectors, this factor was deemed the most hindering for the manufacturing and service sectors.
In Q3 of 2024, volatility of the national currency exchange rate was cited as a hindering factor by the surveyed companies.
As of the document, in Q3 of 2024, legal and administrative barriers were cited as a hindering factor by 75% of surveyed companies.
According to the document, In Q3 of 2024, the following factors were also emphasized as the most hindering for business activity: a lack of specialists and weak demand.
The Business Association of Georgia (BAG) Index is a joint product of the Business Association of Georgia, PMC Research Center and the ifo Institute for Economic Research. The BAG Index summarizes the BAG Business Climate, BAG Employment Barometer and BAG Investment Environment, which are calculated according to the assessments of the top managers of BAG member businesses and companies in their corporate group.
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