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A 7-star Presidential Hotel to be Opened in Tbilisi

“Commersant” exclusively reports  that Dhabi Group plans to open a 7-star presidential hotel behind the so-called Imeli building. Dhabi Group Executive Director told us that it would be Millennium Biltmore, which is functioning only in the United States, California, and the second hotel will be opened in Tbilisi. In an …

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Colliers International Georgia reviews different sectors in 2014

Retail Market The total amount of retail space in the three main Georgian cities amounts to around 1.1 million sqm, out of which 80% is concentrated in Tbilisi. During the last two years the total volume of shopping centre supply in Georgia grew by 28% approximately and currently amounts to …

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Real estate and property developer company,M2 summed up 2014

IRAKLI BURDILADZE Chairman of supervisory board of m2. Demand for residential real estate in 2014 has increased as compared to 2013. Numerous transactions that took place in Tbilisi this year stand as a proof to this. We predict that next year this figure will exceed last year’s by 5%. It is …

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Georgia’s top ski resort Gudauri covered with two-meter deep snow

Georgia’s leading ski resort Gudauri is covered with a massive layer of snow as heavy snowfall continues for already one day. The two-meter snow layer practically isolated the whole resort, while the roads are closed to all directions, including towards Tbilisi and Russia. The travelers from Tbilisi were not able to …

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What will Happen to the Georgian Car Market in 2015?

According to Mikheil Kharati, the Head of the Car Department of Geo Auto-  Georgian representation of Nissan,  in 2015  the company’s sales will  grow by approximately 30-40%. He notes that in 2014 the company was unable to increase sales, but maintained their   stable level. Nissan updated 3 models, which enjoy …

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Developers Look to 2015 with Optimism

Developers predict that the Georgian real estate market will become more active this year. George Kapanadze,  Axis  Director-General makes the optimistic forecast in the air of radio “Commersant” just like  Archi Group Director. According to him, in 2014 this business experienced aprogress. All objects were financed and the company will …

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Dirsi assessing 2014 and planning the year ahead

Management of Dirsi Residental complex The year of 2014 can unquestionably be considered as a successful year for construction. Signs for this were seen in the construction market, several new projects were launched, while the older construction projects were actively modified and revived. 2014 turned out to be an exceptionally …

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Businessman Anzor Kokoladze Predicts Economic Crisis in Georgia in Spring

The country will face an economic crisis in the spring. Techno Boom founder Anzor  Kokoladze told “Commersant”. According to him, the country has a difficult situation from economic and political point of view which naturally will affect the business. Kokoladze notes that  the country expects a difficult spring, it will …

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What is a Real Price of Fuel in Georgia?

Why a price of fuel in Georgia does not fall adequately to changes in the international market? Why a halved price on the international market  is not reflected in the  Georgian market? Is the price of gasoline artificially increased in Georgia? Whether we are talking about a pricing policy agreed …

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Online Gambling to be Banned in Georgia

The relevant bill has already been developed by the Ministry of Internal Affairs and will be considered by Parliament in the spring. According to the newspaper Prime Time, an initiative of the Ministry is likely to be supported by a parliamentary majority. “According to various estimates, 70% of underage play …

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