Реферат Private sector and human-resource development in Georgia

Тема: Курсовые проекты

of the sector from the government's side.

4. Lack of professional managers and specialists with knowledge of international principles.

5. Great need of specialized trainings for the staff.

6. Harsh economic condition of scientific, projecting and architecture institutions.

7. Import of foreign construction materials and workforce.

Among other important factors, considering the importance and crucial character of the construction industry for the country's economic development, the Georgian government made several positive steps towards rehabilitation of the construction industry to create a favourable investment environment including passing the law on promotion and guarantee of foreign investment activities, and instituting a process of restructuring and privatisation. A few years ago the government of Georgia launched a process of restructuring and privatisation of large Soviet era construction enterprises. As a result, various non-efficient, illiquid and monster enterprises have changed their organizational structure and been converted into small cost and energy efficient, liquid plants. Derived from the privatisation process the majority of state construction companies have become private joint stock and limited liability companies. In addition, a huge number of uncompleted construction sites have been privatised and completed.

Main Indicators of Development in the Construction Sector . The slight revival and positive trends in the construction sector have been noticed since 1995 - the period when the Georgian national currency the Lari (GEL) was introduced.

The table below indicates the main financial flow in the construction sector during 1995-2002 (first nine months).

Year

Monetary unit

Investment in main capital

Government investment

Construction and engineering work

Personal funds of population *

Foreign investment

1990

Million Rubles

2545

2233