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Wissol could Transfer Lomsia Hotel to Foreign Brand

Wissol continues to sell non-core assets. The company’s managing director Vasil Khorava confirmed commersant.ge that the sale of “Lomsia” hotel in Akhaltsikhe is on the agenda and in a case of a favorable offer, “Wissol” will alienate it. Khorava touches on the issue of  alienation of the FC “Torpedo” and says the project is in progress. As for the construction of a hotel …

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What Privileges does a Chinese Hualing Enjoy in Georgia?

The Chinese Corporation Hualing responds to accusations of Georgian Association of Developers over the fact that the company had granted unjustified benefits. According to President of the Association of Developers of Georgia Irakli Rostomashvili, we are talking about repeated cases of almost gratuitous transfer of  land to some development companies, in particular the Chinese Hualing. “It creates great difficulties for the majority of companies …

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The world’s oldest recipe is for none other than….beer!

Being one of the oldest crafted beverages in the world, beer has been enjoyed by billions throughout history and remains a favorite today. While the varieties have exponentially grown, the foundation is still there….and it’s awesome! Here are a few things to expand your knowledge for some random bar trivia. …

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Nabeghlavi – Blessing of Georgian Nature

Any company that moves from the local market to the international scene represents a face of its country, culture and traditions. This is especially true for brands from such a small country as Georgia. Products of Healthy Water (“Tskali Margebeli”) are already being exported to 27 countries. Nabeghlavi and Bakhmaro …

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Foodpanda in Georgia and foodpanda worldwide

Foodpanda, an online food ordering service which is prominent in over 40 countries, has of this year entered Georgia. The German brand has begun operating in Georgia under “foodpanda Georgia”, and despite a short amount of time, it has managed to win the interest of a large part of society. …

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Construction of “Hilton” Hotel in Tbilisi on the Verge of Breaking Down

Hilton Garden Inn brand’s project could break down and will no longer be built. Construction has been halted for more than 2 months.  The reason is a confrontation between the construction company “Redix” and residents. At this stage, the parties areattempting to resolve the issue through the court. Residents living in the area adjacent to the construction accuse “Redix” in appropriating theterritory owned by them. The company, in turn,accuses the residents of disrupting the construction. “Redix” founder Lasha Papashvili states “Commersant”  that if the court’s decision is not known in time, …

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There is a Shortage of Hotels in Georgia

There is a Shortage of Hotels in Georgia

An interview with Director of the National Tourism Administration George Sigua. Tourist season was officially opened in Georgia.Is the country ready for tourist flow?  Summer season is already in full swing. It is already July, and the summer season is approaching peak. With regard to infrastructure, the overall situation is satisfactory, although there is a shortage of hotels. An influx of tourists on the Black Sea coast is significant. On the …

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Fuel Prices Continue to Climb on the Georgian Market

Fuel price hike continues. From today, petrol price has increased by 0.05 GEL in the “Lukoil” retail network. “Euro super” price hiked by 0.03 GEL in  “LUKOIL” network and amounted to 2.30 GEL. “Euro Regular” and “Premium Avantguard” price increased  by 0.05 GEL and totaled 2.10 GEL and 2.25 GEL. “Euro Diesel …

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Association Agreement with the European Union could Increase Product Prices

Association Agreement with the European Union could Increase Product Prices

The Association Agreement signed between the EU and Georgia on June 27 concerns the creation of deep and comprehensive free trade area (DCFTA) as well. What economic effect will the Association Agreement have, and specifically, what regulations must local and foreign entrepreneurs introduce? “Versia” daily  spoke to a Chief Advisor to …

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