Press & Information

Hospitality and F&B Sectors to Boom on the Georgian Real Estate Market
09 March 2015
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...
What Can We Do about the Lari Depreciation?
05 March 2015
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...
Practically devoid of crime, Georgia continues to be safest place of Earth
02 March 2015
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...
Should Georgia Sell Its Agricultural Land To Foreigns?
23 February 2015
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...
სამშენებლო ობიექტები, რომელთა მშენებლობა 2008 წლის აგვისტომდე დაიწყო და არ დასრულებულა, სახელმწიფო ვალდებულებებისგან თავისუფლდებიან
19 February 2015
საქართველოს მთავრობის დღევანდელ სხდომაზე ცნობილი გახდა, რომ სამშენებლო ობიექტები, რომელთა მშენებლობა 2008 წლის აგვისტომდე დაიწყო და არ დასრულებულა, სახელმწიფოს წინაშე ვალდებულებებისგან თავისუფლდებიან. შესაბამისი გადაწყვეტილების შესახებ საქართველოს პრემიერ-მინისტრმა...
New Law for Foreigners Wanting to Purchase Agricultural Land in Georgia
12 February 2015
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...
Rixos Opening in Tbilisi Postponed until 2016
09 February 2015
"Rixos" opening in Tbilisi has been postponed for 2016.According to President of the Israel -Georgia Chamber ofBusiness (IGCB), due to the museum district, a greatimportance is paid to the facade materials. Itsik Moshe says more than 10 facade stones have been tested. Experts from Israel will arrive in Georgia in the coming days to discuss once again the facade stones issue along with the Georgian experts...
Foreign Companies Ready to Bring Renewable Energy to Georgia
09 February 2015
The FINANCIAL -- The positive impact it will have on global climate change and energy diversification are the main reasons why Georgia should switch to the implementation of renewable energy. Over 15% of Azerbaijani energy is already made up by alternative power; Armenia is also actively practicing it. The existing gap in this field in Georgia is encouraging foreign companies that operate in renewable energy to test the Georgian market. The 2nd Annual South Caucasus Infrastructure & New Energy Investment Summit organized by Euroconvention Global was held in Georgia last week. The FINANCIAL participated as the main media partner of the event. “After the success of the Summit’s pilot event in 2014 we were obliged to step up to meet the expectations of the one in 2015. We at Euroconvention Global rarely repeat events on an annual basis unless the host countries are among the most dynamically developed regions of the world. We pay great attention to the economic and political development and importance of the hosting countries and therefore the decision to repeat the South Caucasus Infrastructure & New Energy Investment Summit came very easily to us. This year we tried to hold discussions from a more global perspective. We pointed out the growing importance that the South Caucasus countries are gaining on the transportation map. We spoke about transcontinental energy corridors...
Georgian Wine Growing in Popularity in Europe
05 February 2015
After being exhibited at two exhibitions in France, Georgia wine-making companies will partake in another two exhibitions: Vini Naturali and Boston Wine Expo 2015. Georgia will be one of 82 countries to represent natural wines at the exhibitions. Vini Naturali will be held in Rome on February 14-15. The first Vini Naturali wine exhibition was held seven years ago...
The demand on Georgia’s ports has increased… Container transportation has increased significantly in recent years.
02 February 2015
On 29 November 2014, Prime Minister of Georgia, Irakli Gharibashvili, gave a speech at the International Investment Forum and introduced Georgia’s economic potential to the delegates. Mr Gharibashvili spoke about various economic and infrastructural projects in the framework of the Forum. He noted Georgia’s transport potential as well and highlighted that the demand on Georgia’s ports has significantly increased. More precisely...