Today, at the Georgian Prime Minister's instruction, Business Ombudsman Giorgi Gakharia met President of the Israel-Georgia Chamber of Business Itsik Moshe. Discussions focused on the issues relating to the widely-publicised case of the Israeli investors - Meir Shavit and his companies."We agreed that...

The FINANCIAL -- The Georgian National Tourism Administration will spend GEL 7,800,000 on the country’s advertisement abroad in 2015, up from the GEL 4,400,000 of 2014. Despite political and economic instability, Ukraine and Russia remain the target countries for the administration. The European Youth Olympic Festival...

“I would like to respond to the initiative of the President of the Israel-Georgia Chamber of Business, Itsik Moshe, to allocate a contact person in the Government of Georgia for communication between Israeli investors and the necessary departments.” – Irakli Gharibashvili...

The FINANCIAL -- Georgia has a potential to attract over USD 250 million of FDI from Israel annually. However, reaching this figure requires strengthening bilateral cooperation from both sides. Real estate and agriculture will remain the main sectors in which Israeli investors will continue to invest during 2015. The recently established Israel-Azerbaijan Chamber is alarming for Georgian officials not wanting to lose the competitiveness of the country on a regional level. According to the primary data of the National Statistics Office of Georgia...

The FINANCIAL -- Development of the commercial real estate market in Georgia remains firmly focused on the tourism and hospitality sector. The expansion of international food and beverage brands is still high on the agenda for 2015, which makes the hospitality and F&B sectors the most promising for investors. As for residential apartments - “demand exceeds supply...

Unlike most commodities that are provided by private actors competing with each other, a currency is provided by a monopolist. The only institution that is allowed to produce laris is the National Bank of Georgia (NBG). The task of the NBG-monopolist is made difficult by various peculiarities that cannot be found in other markets. First of all...

In 1995, I had the fortune and honor of being appointed country director for the World Values Survey (WVS) to coordinate public opinion polls in Armenia, Azerbaijan and Georgia. Since then, my company GORBI has conducted 3 long-term research waves in Georgia...

The FINANCIAL -- Should Georgia allow foreigners to purchase agricultural land, and, if so, on what terms? This question was posed to a panel of experts including Georgian and international investors in Georgia’s agricultural sector, government and NGO representatives as part of the first of a series of public debates organized by the International School of Economics at Tbilisi State University (ISET) and USAID’s G4G project. Held on 13 February...

Georgian Prime-Minister Irakli Garibashvili announced this decision at a government meeting today. According to the Prime-Minister, the commitments accumulated by construction companies to the state are still a heavy burden for companies, which impedes the development of this industry. საქართველოს მთავრობის დღევანდელ სხდომაზე ცნობილი გახდა...

The Georgian Ministries of Justice, Economy and Sustainable Development have proposed a new model of regulations connected to the purchase of agricultural land by foreigners.　 The Ministry of Justice says that the new model will bolster the national interest of Georgia as well as protect the rights of foreign investors. The initiators assume the decision serves to make Georgia attractive for foreign investments...