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08 June 2012 |
May Records Extreme Rise in Real Estate Transactions |
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The month of May recorded an
extreme raise in real estate transactions. Namely, the reporting period recorded
51 243 transactions, while the figure marked 55 970 transactions in March 2011.
Similar activity on the real estate market was registered in 2007 too. The
reporting period reg |
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07 June 2012 |
Reconstruction of Tbilisi "Sheraton" Suspended |
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Reconstruction of Tbilisi "Sheraton" hotel halted due to the hotel’s overcrowding. The hotel’s management announces, capacity has reached 95% in the recent period, rooms have been booked till the end of October and owners decided to stop reconstruction.
Accor |
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05 June 2012 |
Work on "Trump Tower" Design has Begun |
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"Silk Road Group" is working on the detailed design of Batumi "Trump Tower". The company explains that at the stage the exterior and interior design is specified, after that the construction works will begin. They also note that the Tower’s building will |
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30 May 2012 |
Real Estate Prices Increased in Kutaisi |
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According to the real estate agencies the radio "Commersant" talked with, after Parliament was moved to Kutaisi real estate prices have increased in the city. One of the largest local agencies "New world" announces that prices on residential and commercial areas have a |
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30 May 2012 |
Government Expects Investment Growth in Election Year |
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Georgia’s Prime Minister talks about a sharp increase in foreign investments in the light of electionyear. According to Nika Gilauri, in the first quarter of the current year in total 230 million USD entered the country in the f |
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28 May 2012 |
Georgian Government Expects Growth of Investments from Arab Countries |
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The Georgian government expects growth of investments from the Arab countries. This statement was made by Georgia’s Prime Minister after he made a speech in the 4th Regional Conference of the International Chambers of Commerce. Nika Gilauri explains, representatives of Commerce Chambers |
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25 May 2012 |
9 710 Permits on Construction and Reconstruction Issued in Georgia in 2011 |
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9 710 permits on construction
and reconstruction (on the total area of 5 682 595 square meters) were issued
in Georgia in 2011, by 46,3% more than in 2011. BLACK SEA PRESS was told it at
the Ministry of Economy and Sustainable Development of Georgia. Over the
reporting period, the num |
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