News Archive
 
     
 
08 June 2012
May Records Extreme Rise in Real Estate Transactions
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
     
 
08 June 2012
Most Rooms in Adjara Brand Hotels been Booked till the End of Season
A part of hotels located in Adjara wok at a full capacity during the summer. Per the information of "Georgia Palace" hotel, they offer innovations for tourists in summer; tennis court was added to the hotel on which there was a great demand. "Georgia Pal
     
 
07 June 2012
Reconstruction of Tbilisi "Sheraton" Suspended
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
     
 
05 June 2012
Work on "Trump Tower" Design has Begun
"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
     
 
04 June 2012
After "Center Point" and "Valencia" "Dexus" may also be Interested in Other Companies
According to the information the radio "Commersant" holds, after "Center Point" and "Valencia", the management company "Dexus" might be interested in other companies. One of “Dexus” founders Irakli Kilauridze states, there
     
 
01 June 2012
Georgian President: Five New Hotels will be Constructed in Anaklia in 2012
  The implementation of several infrastructural projects will be completed in Anaklia, the Samegrelo Region, in 2012. On May 28 Georgian President Mikheil Saakashvili visited Anaklia and saw the ongoing works. The construction of an aqua park will be finish
     
 
30 May 2012
Real Estate Prices Increased in Kutaisi
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
     
 
30 May 2012
Government Expects Investment Growth in Election Year
  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
     
 
28 May 2012
Georgian Government Expects Growth of Investments from Arab Countries
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
     
 
25 May 2012
9 710 Permits on Construction and Reconstruction Issued in Georgia in 2011
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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