Experts from Swiss Appraisal (Switzerland) has studied the segments of commercial real estate in 200 countries around the world. The most stable situation is observed only in 65 countries. Among the leaders — the streets of Beijing (Georgia, Tbilisi) with a yield of 9.9%, Knez Mihajlov street (Serbia, Belgrade, 9.1%), …

The estimated real GDP average growth equaled 2.9 percent for the first five months of 2016 y-o-y. Geostat produces monthly rapid estimations of real GDP growth using administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics. The compilation of rapid estimates is an internationally adopted practice to obtain preliminary monthly …

For those unfamiliar with his legacy, Sayat Nova’s story can seem like the stuff of myth. His life is fascinating even in broad strokes: he was an ethnic Armenian musician and Orthodox Christian who lived in the Caucasus in the 18th century. He created a unique style of music, and …

The National Bank of Georgia issued 7-day refinancing loan of 250 million GEL (worth of 112.4 million US dollars) in last week. According to the Galt & Taggart week review, the National Bank of Georgria issued 91-day refinancing loan, worth of 20 million GEL (9.4 million US dollars) in last week. …

Georgia has exported 492 tons of peach from June 1, 2016 to June 28, 2016, up from 52 tons as compared to the same period of 2015. Peach picking season is in active phase and the Kakheti Region is expected to reap more than 30 000 tons this year, the …

We have to put even greater efforts in terms of cooperation with our strategic partners and not only to ensure promotion of security; We have to do our best to provide maximum control, – Prime Minister Giorgi Kvirikashvili noted before the Cabinet Session. He extended his condolences over the Istanbul …

Expenditures of the Southern Gas Corridor CJSC within the framework of the Trans Anatolian Natural Gas Pipeline (TANAP) construction project will exceed $6 billion, a senior official of the Azerbaijan’s state oil company SOCAR told Trend. “Expenditures of the Southern Gas Corridor CJSC, the main share in which belongs to …

GEL rate remains a hot topic. Minister of Economy has recalled sharp devaluation of national currency (11%) through the last two weeks afresh and noted, that to make a comment on the daily change of the rate is incorrect. He called for private individuals and legal entities to conduct the procedures …

Georgia has become an important transit point and energy corridor, Georgian Prime Minister Giorgi Kvirikashvili said at the Georgia-Switzerland business forum. “Pipelines transporting Caspian oil and gas to Turkey and Europe cross the territory of Georgia. We have the same situation in relation to new railroad and motorway networks – …

Brand new, modern double-decker trains made in Switzerland have been introduced to the Georgian railway network which will serve passengers travelling between capital Tbilisi to the country’s Black Sea resorts this summer. An official page of Georgian Railways published first pictures of these latest trains which will be available soon.

Georgia has become an important transit point and energy corridor, Georgian Prime Minister Giorgi Kvirikashvili said at the Georgia-Switzerland business forum. “Pipelines transporting Caspian oil and gas to Turkey and Europe cross the territory of Georgia. We have the same situation in relation to new railroad and motorway networks – …

Tourist flow from Russia to Turkey may be restored this summer, member of Russian Federation Council’s International Affairs Committee Igor Morozov said, RIA Novosti reported. “It is possible to get permission for organized tourist trips within 10-14 days,” Morozov said. “Turkey will be already able to receive tourists from Russia …