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Radisson Blu Hotel Planned to be Opened in Svaneti

The construction of Rezidor Group’s  Park Inn hotel is planned to begin in spring instead of Tori hotel. According to  the head of the  Investment Department at Block Geo Group , a Memorandum on the construction of the hotel was signed with Rezidor  last year and permits procedures should be …

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Medical Center “Lancet” Closes

Medical center “Lancet”  closes. The clinic staff told”Commersant” about   financial problems the clinic faces. In addition, the employees say that they have not even received their salaries for October 2014. According to them, the clinic has a strategy that employees operate without salaries. In their words, the hospital administration justifies …

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A New Ice Cream Factory to be Opened in Georgia

A new ice cream factory will be  opened in Georgia. In the frames of the project “Produce in Georgia”,  a total of $ 580000 will be allocated for the company, of which $ 450 000 will be spent on basic tools , $ 130 000- on  working capital. The factory  will …

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Drugs Prices to Go up

The sharp depreciation of the GEL exchange rate may be reflected in prices of certain medicines.  Kakha Okriashvili,  PSP pharmaceutical company’s founder, told  “Commersant”. However, he explains that the price will  increase by 2 -5% only if GEL passes the mark of 2.00. According to him, the pharmaceutical market is …

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WINTER RESORTS HOTEL MARKET OVERVIEW BY COLLIERS INTERNATIONAL

Thanks to its mountainous character Georgia offers various winter resorts, of which the main are: Gudauri and Bakuriani. The number of hotel guests visiting Gudauri and Bakuriani has been constantly growing. The biggest (55%) increase was in 2011. There are a total of 79 accommodation units registered in winter resorts, …

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Chain of Supermarkets Fresco Puts an Ultimatum to Importers

The supermarket chain Fresco sent an appeal to the partners from among the importers. According to  the network’s  Director Ia Saneblidze, it requires to  relatively lower prices in the case of stabilization of the national currency, otherwise, the company will cease cooperation with importers that will leave rates unchanged. “Our …

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Russian Crisis to Hurt Georgian Water Exports

In 2014, exports of mineral and spring water amounted to $ 137.1 million which increased by 28% compared to 2013. Out of this, products worth $ 66.4 million were exported to Russia, while exports to Russia increased by 97% compared to 2013. Accordingly, Russia’s share in the country’s total exports …

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Export of Georgian Wine to Russia Halted

According to Nutsa Abramishvili, the  CEO of the wine company Schuchmann Wines  10 trucks loaded with 100 000 bottles of wine stopped due to the  limited transfer of foreign currency outside of Russia because of the ruble devaluation. “We’ve received  excise stamps from Russia that have already been pasted on …

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Economic Council Ready to Meet Companies Suffered from Tenders

The Economic Council at Prime Minister’s Office  expressed its readiness to help business in making a decision in its  favor in a case of  the company’s violation of the law if it is possible. The Economic Council resounds to the materials sent by “Commersant”  which reflect the complexity in the …

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