Abstract 

The article studies labor market challenges and unemployment trends in Georgia. Along with this, the main directions of the development of the higher and vocational education system in Georgia are discussed in the paper. The importance of the internationalization of business education and entrepreneurial training and the challenges related to them are discussed in great detail. Business education and entrepreneurship training should promote and support formation of international awareness, expertise and global competencies among students. Therefore, the development and internationalization of business education and entrepreneurship training in Georgia should be aimed at increasing the competitiveness of the workforce, both locally and in the international labor market.

Key words: labor market, unemployment, business education, entrepreneurship training