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Daily Archives: August 12, 2014

Demand for Domestic Flights Increased in Georgia

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Domestic flights in Georgia are mainly performed  in the direction of Batumi, Kutaisi and Mestia. The representatives of Georgian airlines claim that the demand for their companies  has grown significantly during the holiday season. In particular, ServiceAir airline  flying in the direction of the mountain resort of Mestia says  that demand is large, and …

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3 Million to be Spent on Development of Bakuriani Resort

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The Mountain Resorts Development Company will spend GEL 3 million on the development of Bakuriani ski resort. According to Sandro Onoprishvili, the Mountain Resorts Development  Company plans to arrange  a new infrastructure in Bakuriani for  the winter season. Ropeways will be repaired , bike trails will be highlighted, children’s park will be arranged as well as new ski slopes will be added. The reconstruction of a nonfunctioning funicular will be also carried out. The …

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Experts Believe that Boycott of Russian Products is Unjustified

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Why did a boycott of Russian products, declared in social networks several months ago,  has failed in Georgia? The organizers do not have information about the results of the campaign titled  “Boycott invader’s  products” , how many consumers actually refused to buy Russian products, while  the statistics confirm the growth of imports from Russia. Unlike …

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Experts Expect Cheaper Services and Prosperity of Mass Tourism

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The Georgian Federation of Hotels and Restaurants predicts the price reductions as a  result of the removal of the tax liabilities for tourism business. President  of the Association Shalva Alaverdashvili  states “Commersant” that the tax concession applies to apart hotels  and those companies which will  build apart hotels and then manage them will be exempted …

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Average Annual Interest Rate of Pawnshop Loan Amounts to 54.1%

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By the end of 2013, in total 1 031 organizations were engaged in the pawn business in Georgia. Of these, 45.8%  are located  in Tbilisi, 13.5% – in Imereti, 12.3% – in Adjara, 10.6% – Samegrelo-Zemo Svaneti region, while the remaining 17.8% functionin other regions. The study conducted by “Sakstat” says. In 2013, the weighted average interest rate of a pawnshop loan amounted to 54.1%. The average …

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THE MOST PROBLEMATIC CONSTRUCTION ASSETS IN TBILISI

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The Caucasian Business Week (CBW) starts publishing the rating of problematic and failed development projects in Tbilisi and all over Georgia. At this stage, we offer 6 ongoing and suspended projects that are considered the most problematic projects by real estate field specialists. 1. Center Point’s ongoig project behind Tbilisi …

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