News Archive
 
     
 
04 October 2013
Co-Investment Fund to Finance the Development of the Tourist Sector
Top range hotels in Tbilisi, medium range hotels in the province, and the improvement of health and leisure resorts – one of the main priorities
     
 
02 October 2013
Sales Figures on Real Estate Market
What are the sales like on the real estate market? Some developing companies have accused the State and the banking sector of trying to drive them out of the market. The head of the Association of Developers Irakli Rostomashvili has once again stated that the government does not have a clear plan, t
     
 
25 September 2013
30 Million GEL Allocated to 26 Businesses from One Billion Fund
"Commersant” reports that a loan of more than 30 million GEL was issued  by One Billion Agriculture Fund within the fifth
     
 
25 September 2013
Construction of Hotel Complex on Turkish Investment Delayed in Adjara
It became known to "Commersant" that theconstruction of the hotel complex on Turkish investments is delayed in Adjara due to changes in theproject. The owner of a famous&am
     
 
24 September 2013
Lasha Papashvili Plans to Invest 5 million USD in Hotel in Abastumani
The businessman Lasha Papashvili plans to invest 5 000 000 USD in a hotel in Abastumani. Construction of thehotel complex has already begun. Lasha Papashvili states 
     
 
18 September 2013
EBRD about the Necessity of Developing Middle-class Hotels in Georgia
The European Bank for Reconstruction and Development [EBRD] talks about the need for development of middle-class hotels market in Georgia.
     
 
12 September 2013
Number of Tourists in Adjara Increased almost by 12% this Year
Tourism Agency of Adjara  reports that compared to 2012, 11.67% more tourists have arrived in Adjara this year.According to the Agency, the data was determined by hoteloccupa
     
 
09 September 2013
Number of Foreign Visitors Passes 3.5 Million Mark
What are the National Tourist Administration’s plans for improving service and attracting more visitors to the country? Following the establishment of a hotline and the ‘mobile guide’ project, the administration is now planning to offer English language courses for taxi drivers. The head of the NTA
     
 
04 September 2013
New Enterprises Financed by Cheap Agricultural Loans Program
Which new enterprises have been financed through the Cheap Agricultural Loans program? According to a statement from the Agriculture Ministry’s P
     
 
30 August 2013
Infrastructure Works in Anaklia
What kind of work is being carried out to improve the infrastructure of Anaklia, and how much will it cost to improve the beach resort in this re
     
 
29 August 2013
15 pct more Tourists Visited Bakuriani this Summer Compared to Last Year
According to Bakuriani Tourist Information Centre, 15%more tourists arrived in  Bakuriani this summer season compared
     
 
29 August 2013
First Georgian Branch of Subway to Open in October
The first Georgian branch of the renowned global fast food chain Subway will serve the people of Tbilisi and the capital’s guests from October. Givi Ordenidze, the company’s representative in Georgia, has told TV3 that Subway will offer customers a different kind of menu and service than what they a
     
 
22 August 2013
"Inshaat" 40-storey Complex to be Completed in Batumi in January 2016
Ministry of Finance and Economy of Adjara Autonomous Republic has proved a project of construction of  amulti-functional complex which will be carried out  in Batumi by a member of International InvestorsAssociation-  Ltd.&n
     
 
15 August 2013
Two Hotels in will be opened in Tbilisi by Georgian-Kazakhstan investment
Georgian-Kazakhstan investment group “Tiflisdevelopment” will open two new hotels in Tb
     
 
13 August 2013
Hotel Brand of "Intercontinental Hotels Group” to Supposedly Enter in the Former Building of “Samshoblo” Publishing House
A nameof thehoteloperatorofthe formerbuilding of “Samshoblo” [Homeland]publishinghouseis still unknown. “Commersant” radio was told atthe objectowner "AdjaraGroup” thatnegotiations were ongoing,but itremained unclearwho would be theoperator,orwhenconst
     
 
02 August 2013
Hilton Hotel in the Vake District
Preliminary works on the construction of a Hilton Hotel branch on Chavchavadze Avenue in Tbilisi have already started.The businessman Lasha Papashvili has told TV3 that talks with the project’s main investor – the European Bank for Reconstruction and Development – are at a conclusive stag
     
 
29 July 2013
Competition on Georgian Fast Food Market
What is the competition like among the companies currently active on the Georgian fast food market? Several international brands are currently represented on the fast food market in Tbilisi, among them McDonald’s and Texas Chicken, while Subway will begin operating in September. An official spokesma
     
 
29 July 2013
Royal Batoni Hotel opens in Kvareli
The new Royal Batoni Hotel has opened in Kvareli, having been jointly financed by the Partnership Fund and the Viniveria Group. The hotel offers
     
 
25 July 2013
The Highest Complex in the Region "Tower of Babylon" to be Built in Batumi
The project of a new complex BABYLON TOWER was launched in Batumi and  will be com
     
 
22 July 2013
A Hotel to be Opened in a Former Building of Post of Georgia in Two Years
Radio "Commersant" reports  that " Park Inn" brand hotel will open in a former building of Post of Georgia located on  the Rustaveli Avenue in the third quarter of 2015. According to a brand owner "Rezidor Group" President, a 200 - room hotel
     
 
19 July 2013
What Criteria will Tourism Administration Use for Evaluation Hotels and Restaurants?
Tourism Administration begins to work on the creation of  Quality Assurance Service. Deputy Head of Tourism Administration Maya Chikvania states сommersant.ge that at this stage a work  on the evaluation system is in progress.In his words, on July 20, together with the pri
     
 
19 July 2013
New Shopping Mall
Will the new shopping mall on the Kakheti Highway rival the Tbilisi Mall? A spokesman for the latter has stated that the construction process of the new mall is in its initial stages, and therefore it cannot be regarded as a rival. Its competitiveness can only be assessed upon its completion. The sp
     
 
16 July 2013
Rixos Hotel to open in Tbilisi in 2014
The famous hotel chain Rixos Residence will open its Tbilisi branch in 2014. The construction of the five star hotel has been financed by Israeli investors, and has been ongoing since 2010. A spokesman for the Georgian-Israeli Chamber of Commerce has stated that 15 million USD have already been inve
     
 
16 July 2013
Businessman Lasha Papashvili to Build 200 - room Hotel in Abastumani
A well-known businessman Lasha Papashvili is involvedin the process of rehabilitation of Abastumani resort.The businessman explains to "Commersant" that the rehabilitation plan exists and a 200 -&
     
 
15 July 2013
Such an Availability of Agro Credits has never been in Georgia
     
 
15 July 2013
Visitors Activity Increased in Tusheti Compared to Last Year
The hotels loca
     
 
09 July 2013
Millennium Hotel to open in Tbilisi?
The Tbilisi branch of the Millennium Hotel chain is due to be constructed on the site of the former Imeli building. Initially, a five star Kempinski Hotel was supposed to be built on the site. The Abu Dhabi Group was planning to invest 160 million USD into the project, and to have it completed by 20
     
 
08 July 2013
First Organized Industrial Zone being Established in Georgia
     
 
08 July 2013
New Flight Routes between Batumi and Iraq
New flight routes will soon begin to operate between Batumi and Iraq. Georgia will welcome Iraqi visitors from the cities of Erbil and Sulaymaniyah. The D
     
 
26 June 2013
Tbilisi to Host IPO -conference Tomorrow
The Warsaw Stock Exchange [WSE], accounting and business consulting company "BDO", a local law firm “
     
 
20 June 2013
Georgian Wine to be Back in Russian Stores from Today
Russia's Chief Sanitary Doctor Gennady Onishchenko says that Georgian wine will be available in Russian stores from June 20. A bottle of wine
     
 
20 June 2013
Liquefied Natural Gas from Ukraine may be Transported through Georgia
Ukraine's government is considering a plan, according to which, the supply of liquefied natural gas for LNG-terminal will be delivered not through the Bosporus but via Georgia’s Black Sea ports.
     
 
19 June 2013
Tender for Mini Cities Construction on Highways to be Announced in 2014
Infrastructure Ministry is going to announce tenders formini citiesсonstruction onhighways in 2014. As Deputy Minister explains to radio “Commersant'', there is no need to open mini cities as soon as possible. Ac
     
 
20 May 2013
Turkey-Azerbaijan-Georgia Business Forum to be held The 3rd trilateral business forum will host businesspeople in ancient Azeri city BAKU
Turkish, Azerbaijani and Georgian businesspeople will gather at the 3rd Turkey-Azerbaijan-Georgia Business Forum on May 25 in Azerbaijan.
     
 
17 May 2013
Darren Keane, CEO of Storm International Announced that the Responsible Gaming Program to Be Implemented at Shangri La Tbilisi Casino
The management company of Shangri La Tbilisi, Storm International, announced that the Responsible Gaming program is to be implemented at the casi
     
 
10 May 2013
New modern agro-industrial complex opened in Georgia
First Deputy Minister of Agriculture of Georgia David Shervashizhe attended the opening of an agro-industrial complex in Badiauri village situated
     
 
26 April 2013
The Second Exhibition of Georgian Trade-exhibition “Choose Georgian” to be Opened Today
The second exhibition - sale - tasting “Choose Georgian Products with Goodwill” organized by “Sales Management Company'' and ''
     
 
25 April 2013
An Entertainment Center to be Opened in Tbilisi on Investments of Georgian Businessman Living in Slovakia
The entertainment center meeting international standards will be opened in the territory of the Tbilisi Sea. The Georgian businessman based in Slo
     
 
23 April 2013
“Commerzbank” Expressed Interest in Georgian Agriculture
Commerzbank” supports the government's economic initiatives.
     
 
23 April 2013
"Aldagi BCI" and "GPI Holding" Predict an Increase in Demand for Agro-insurance "GPI" introduced livestock insurance to the market
The insurance company "Aldagi BCI" expects an increase in demand for agro- insurance in the backdrop of intensified agro-lending.
     
 
22 April 2013
Number of Infrastructure Tenders Increased by 26% Compared with Last Year The Ministry to deliver information about projects and tenders this week
A number of tenders announced by the Ministry of Infrastructure has increased by 26%. Deputy Minister of Infrastructure Shota Marghulia responds to the companies, which speak about the reduction in the number of infrastructure tenders. He says that in the first quarter
     
 
17 April 2013
2012 "Golden Brand" Ceremony to be Held Today
On 17 April, 2013, at 19:30, Global Idea and The FINANCIAL, with the support of the Georgian Chamber of Commerce and Industry and American Chamber
     
 
17 April 2013
"Chevron" was Attracted by Infrastructure Projects in Georgia
“Wissol'' partner the world giant “Chevron'' explains radio “Commersant'' the reasons for the interest in the Georgian market. Recall that as a result of the agreement signed with ''Shevron”, “Wissol Group” has become the exclusi
     
 
16 April 2013
Tbilisi Hosts Forum of Budgetary Sector Representatives from Eastern European Countries
Today, April 16, the International Forum will open in the frames of cooperation of the Georgian Finance Ministry and the World Bank [WB] program &
     
 
16 April 2013
A Special Commission to Review Regulations in Aviation Market to Hold First Meeting this Week
The Ministry of Economic Development has already approved the act for the creation of a commission to revise the regulations on the Georgian aviat
     
 
11 April 2013
"Silk Road Group" Started Working on Trump Tower Major Plan
A meeting between the representatives of "Trump Tower" and "Silk Road Group" has successfully completed. At this stage a work
     
 
09 April 2013
Slovak Businessmen Interested in Agriculture, Energy and Tourism
Slovak businessmen who are visiting Georgia expressed their interest in agriculture, energy and tourism. Georgian Minister of Finance met with the Slovak business delegation today.   Nodar Khaduri familiarized the guests with the investment
     
 
08 April 2013
A Private Company may Take over Gudauri Resort's Management
Radio "Commersant" reports that a private company may take over the resort's management. Tbilisi City Hall left Gudauri
     
 
08 April 2013
Poti Metallurgical Plant’s Investor Waiting for Government’s Response
An investor is waiting for a response from the Ministry of Economy for the building a metallurgical factory in Poti. According to the Turkish company's legal adviser in Georgia, a stage of negotiations and the exchange of information is over and this time they are waiting for the rep
     
 
03 April 2013
Batumi Chacha Tower to Launch in May
Batumi Chacha Tower will be launched in May. Chacha will flow every day for 5-7 minutes. The head of Batumi Greenery and Landscape Planning Depart

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