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News Archive Choose Year 20112012201320142015201620172018201920202021202220232024   Choose Month... JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember         14 December 2012 "Arci" Forecasts Recovery of Transactions Next Year "Axis" expects 10-15% growth in real estate prices A development company "Axis" expects 10-15% growth in prices in the real estate market. As the company's Director General explains         12 December 2012 100 million GEL Planned to be Invested in Zugdidi but Details still Unknown Details of medical center creation are still unknown In total 100 million GEL will be invested in the economy of Zugdidi, at this point a work on this issue is underway. Chairman of Parliamentary Committee on Sector Economy Paata Kvizhinadze states commersant.ge that this issue has not been submitted to Parliament for consideration yet, but         10 December 2012 Lasha Papashvili Builds "Hilton Garden Inn" instead of "Novotel" Hotel A prominent businessman Lasha Papashvili will build "Hilton Garden Inn» brand hotel on Chavchavadze Avenue instead of "Novotel". Pa         10 December 2012 "Turkmall" Confirms its Interest in Construction of the Shopping Center in Tbilisi Who will build a shopping mall in Tbilisi, near "Delisi" subway? This issue has become topical after a statement made by the founder of the company implementing the project. "Niba Invest " announced about the project’s transmission to "Turkmall " at the time. However, one of the founders of the company Niko Lekishvili explained “Com         05 December 2012 More than 4 Million Tourists Visited Georgia before December 2012 More than 4 million foreign tourists have visited Georgia before December 2012. The National Tourism Administration reports based on the Informati         04 December 2012 ITALIAN BUSINESSMEN EXPRESS INTEREST IN GEORGIA'S BUSINESS ENVIRONMENT Italian Business are interested in doing business in Georgia. The statement was made after the meeting between First Deputy Economy Minister Dim         03 December 2012 Aghmashenebeli to Become Tbilisi’s Main Retail Street Georgian Retail Group is continuing its expansion on the Georgian market and intends to open new stores not only in         30 November 2012 Development Companies Preparing New Year Actions Large development companies will meet New Year holiday with special actions and proposals.         29 November 2012 Lasha Papashvili Received Funding from EBRD for Hotel Construction in Tbilisi The radio "Commersant" reports that a prominent businessman Lasha Papashvili has received funding from the European Bank for Reconstruct         27 November 2012 Gudauri Actively Preparing for Winter Season Almost all rooms in Gudauri hotels are booked for New Year.         22 November 2012 12th International Exhibition for Agriculture, Food and Drink Products to be Held in ExpoGeorgia The 12th International Exhibition for Agriculture, Food and Drink Products, Processing and Packaging Equipment will be held in "Expo Georgia" exhibition center from November 28 till December 1. The exhibition is organized by the company "Expo Georgia&quo         22 November 2012 Batumi hosts construction and building fair he Batumi Yapitex, a building, construction and technology exhibition, presented more than 70 Turkish companies to the G         20 November 2012 Music and Drama Theatre on Rike to Open Next SpringArchitects' Union Chairman: The theatre is not dropped out of Rike development plan Despite the disapproval of a part of society, construction of Music and Drama Theatre on Rike is being carried out and will be completed in the sp         19 November 2012 Georgian Union of Architects not Agrees with Assessment of International Specialist The Chairman of Georgian Union of Architects disagrees with the assessment of the world-famous real estate consulting company. A reminder: "Jones Lung Las Salle” representative Martin Canters in his interview with "Financial" newspaper notes that the sec         15 November 2012 After Several Months of Growth, Decline Observed in Real Estate Market "The market is in the standby mode after the change of gov’t" A decline has been observed in October in Georgian real estate market for the first time in recent months. According to official data, in October         09 November 2012 Presidential Residence 12,5 Prime Hectare in Tbilisi/Georgia for Sale Auction on December 12, 2012 The Krtsanisi Presidential Residence in Tbilisi was the official Georgian Governmental and Presidential Residence including its Offices Hotels an         08 November 2012 “Tbilisi New District” not to be Built “Tbilisi new district” initiated by President will not be built. Tbilisi City Hall says in response to our query. However, the reasons of the pro         08 November 2012 Roman Pipia is Required to Return a Former Building of Justice Ministry A new scandal might erupt around the former building of the justice ministry. Several companies leased spaces in the building, including "Sony Center" which was forced to leave the building in November 2006 and, as "Sony" Georgian representatives said then, the company         05 November 2012 CCEZ Construction no Longer to be Financed from the Budget Former finance minister: Three Customs Clearance Economic Zones are Sufficient Customs Clearance Economic Zones (CCEZ) will not be a priority for a new government. According to the current finance minister Nodar Khaduri, CCE         02 November 2012 Ukrainian Supermarket Chain Enters Georgian Market The Ukrainian stores network "Fourshet" plans to open a supermarket in Georgia in the near future. The new store will work on franchisi         02 November 2012 Vejini Resort to Open in December Vejini balneological resort (Eastern Georgia) will be opened in December of the current year. The Chairman of the Gurjaani Municipality Council Zakaria Iaganashvili informs commersant.ge. He says that at this time an external facade is fully completed and internal works are in progress. T         30 October 2012 Today, "Grato Passage" Commercial Center to be Opened in Tbilisi Today, October 30, a new premium-class multi-functional commercial center "Grato Passage" will be opened in the center of the capital.&         30 October 2012 Bakhmaro, Ureki and Anaklia Projects to Continue Tourism centers projects launched by the former government in Bakhmaro, Ureki and Anaklia will continue under the new government as well. Ministe         30 October 2012 Builders Association to Offer Gov’t its Own Initiatives Builders Association plans to start meetings with new economic team within one month. The Chairman of the Association, the Executive Director of the development company "Arci" informs the radio "Commersant" that developers will offer certain proposals at the meetings w         29 October 2012 President’s Attorney in Imereti Region: Demand for Land Privatization has Increased in Kutaisi The attorney does not name the companies According to President’s new attorney in Imereti region Vakhtang Balavadze, demand for land privatization has increased in Kutaisi. He says appli         25 October 2012 Hotel Rooms in Gudauri and Bakuriani Booked for New Year The hotel rooms in Gudauri and Bakuriani have been already booked for the New Year holiday. Mostly foreigners book rooms two months before the Ne         23 October 2012 After the Elections, Real Estate Market Revived a Little After the elections consumer activity has slightly increased in the real estate market, while the highest demand is observed for the         19 October 2012 International Building and Design Fair Opened in Batumi Today, "Batumi International Building and Design Fair 2012" was opened in Batumi Ice Palace.         18 October 2012 "Chacha Tower" Opened in Batumi The tower was opened by the city's Mayor Jemal Ananidze and the Chairman of the government of Adjara Levan Varsha         17 October 2012 Old Parliament Building not to be Sold Parliament employees protest working conditions in Kutaisi The building of Parliament in Tbilisi will not be privatized. Moreover, it is likely, the legislative body will move from Kutaisi to Tbilisi agai         16 October 2012 Silk Road Group Releases Special Statement over Trump Tower Project Silk Road Group has released a special statement over the Batumi Trump Tower project.         08 October 2012 Director of the National Tourism Agency Ready to Cooperate with a New Government Foreign tourists canceled the reservation in hotels and travel agencies in Georgia in the pre-election period - commersant.ge was told by Directo         05 October 2012 Georgian Construction Industry Returns to Growth Despite the pre-election turmoil in Georgia, turnover of the construction sector has increased by GEL 271 million in the second part of 2012, amo         05 October 2012 TWO NEW HOTELS TO BE CONSTRUCTED IN BATUMI Government of Ajara reported that construction of 2 new hotels was launched in Batumi, expected to complete within 2 years. “Cube Tower” will be         03 October 2012 “Goro Group" Director: After the Elections, Georgian Business will Have to Act in a Competitive Environment Giorgi Barvenashvili estimates President ‘s statement regarding "National Movement" going into opposition as a sign of democracy and a         26 September 2012 Hotel Brand Entered Former Building of Justice Ministry to be Known Soon A hotel brand entered the former building of the Ministry of Justice located on Rustaveli Avenue will be known on October 15.         25 September 2012 Park Inn to Open at former Building of Georgian Post A three-start hotel Park Inn will open in the former building of Georgian Post in Tbilisi.         21 September 2012 PARK INN TO BE LOCATED ON RUSTAVELI AVENUE Silk Road Group said that hotel Park Inn will be located on Rustaveli Avenue in Tbilisi. Respective protocol of intents         20 September 2012 50 - storey Complex to be Built in the Center of Batumi A 50 - storey multi-functional complex will be built in the center of Batumi.         20 September 2012 A 3 - star Hotel to be Located in the Former Building Georgian Post in Tbilisi. A cableway connecting Rose Square and Mtatsminda to be built According to Tbilisi City Hall, the former owner of Post Office building- “Silk Road Group” company will locate a 3 - star hotel “Park Inn” in th         18 September 2012 Government to Advertise Small-format Hotels The Georgian government will adversities small-format hotels. Georgian Prime Minister Ivane Merabi         13 September 2012 Information about the Sale of Parliament Building Stays Secret The fate of the former Parliament building in Tbilisi is still unknown. The sale of the building rose on the agenda after it was decided to move         11 September 2012 “Borjomi - Likani " Complex is Scheduled to Open in October kani medical-health hotel complex “Borjomi - Likani" will be opened in October, the exact date is still unknown. The Tourism Information Cen         11 September 2012 Number of Transactions on Real Estate Market Hits Record Figures The number of transactions on the real estate market has considerably increased. The month of August registered a total of 225 795 transactions. The figure has increased 5.2 times compared to the same period of 2011 a         07 September 2012 2nd Largest European Hotel Group “Golden Tulip” Enters Georgia “Golden Tulip” hotels to be built in Tbilisi, Telavi, Borjomi and Batumi “Golden Tulip” (part of Louvre Hotels Group) the 2nd largest hotel chai         05 September 2012 A Five-star Hotel to be Built on the Site of "Puppet Museum" in Tbilisi In Tbilisi, in Orbeliani Square, a five-star hotel is planned to be built in place of "Pup         04 September 2012 Indian Next League to Invest 10 million USD in Hotel Complex Construction in Ganmukhuri Tbilisi (GBC) - An Indian company is interested in constructing a hotel complex in Ganmukhuri, the Samegrelo Region. Th         03 September 2012 2 500 Tons of Saperavi and 500 Tons of Rkatsiteli Harvested in Kakheti “Vintage -2012” headquarters continues evaluation of the harvest outcomes. The HQ Chief informs “Commersant" that at this time 2 500 tons of         31 August 2012 Government to Rehabilitate Roads Leading to Wine Cellars and Hotels The government plans to rehabilitate roads leading to wine cellars and hotels. The project will be financed by the World Bank (WB). The project c         22 August 2012 More than 2.2 million people have visited Georgia since the beginning of the year According to the National Administration of Tourism of Georgia during seven months of 2012 the number of foreign visitors in Georgia increased by 123456789101112131415161718192021222324