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A Sharp Increase in the Number of Hotels in Batumi

The number of casinos is increasing rapidly in Batumi. “Batumelebi” daily reports and writes that six casinos are operating in the city at this time. By 2017 eight new casinos are planned to open in the city. In total 230 000 visitors visited casinos last year and GEL 5 million entered …

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Chinese Company Involved in “Olympic Village” Construction not Plans to Carry out Other Projects in Georgia

The Chinese Corporation “Khualing” engaged in the construction of  the “Olympic village” project  is not going to invest in other projects. Visiting the “Olympic village”  last week, Prime Minister Irakli Garibashvili said that the company planned to invest hundreds of millions in Georgia. “Commersant” was told at “Hualing” Georgianrepresentation that  the Prime Minister spoke aboutthe continuation of a  new district on the Tbilisi Sea area  and at this …

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Demand for Domestic Flights Increased in Georgia

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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Experts Expect Cheaper Services and Prosperity of Mass Tourism

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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New Details of Offshore Industry Zones in Georgia

According to the initiator of the relevant law, the MP Kakha Okriashvili, offshore industry zones will be calculated only for those types of businesses which don’t function in the country – such as the production of consumer electronics products, precious stones grinding, etc. “While all this is at the level …

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Why a Boycott of Russian Products Failed in Georgia?

In Georgia, import of Russian products is growing  in spite of the political tensions between the two countries – respectively, a recently launched campaign to boycott Russian products has failed. The situation is different in the Ukraine, where in some regions  the sales volume of Russian products fell by 40%. “Do not …

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“Rixos” Hotel to Open in December

A  five-star “Rixos” hotel will open in Likani  in December. Irakli Kovzanadze, Director of  the Partnership Fund (PF), told “Commersant”. A 152 -room hotel will be located  in the territory of the former Fourth Division. The project is jointly carried out by the  Partnership Foundation and the Kazakh state oil and gas company “KazMunaiGas”. A  total investment volumein the complex amounts to USD 38.5 million, the Partnership Fund’s contribution is 50%. The Kazakh company acquired the  object in Likani …

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Cigarette Price Rises Again

The excise tax on tobacco will rise again in the near future, which will cause a rise in the cost of cigarettes. A gradual increase in the excise tax is envisaged in an association agreement with the European Union. When and how much the excise will increase and therefore the …

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Ambitious Plans of Belarusian Company in Georgia Failed

Belarusian computer hardware company “Tsifrovik” closes its affiliates in the Georgian  market, reducesemployees and suspends  plans about the entry  into regions. Alexander Karpitski, Director of “Tsifrovik-Georgia”  states in a conversation with commersant.ge and names the economic downturnand banks tightened credit policy as the main reason. In his words, two “Tsifrovik” shops of  7 have already closed in Tbilisi. Karpitski says that these objects have not brought proper profits and therefore, management …

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National Wine Agency Helps “Tsinandali Old Cellar” in the Search of New Markets

A company taking part in the preferential agrocredit program expands a list of exporting countries.According to Director of “Tsinandali Old Cellar Ltd.” Eldar Mildiani,  the National Wine Agency helps in planning and organizing marketing activities andthrough them the company will possibly expandexports to the Chinese market. Mildiani says  the company already sells wine in the Chinese market, but now they are talking about a much larger scale. In his …

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Another Georgian Qvevri Wine to be Exported to Europe

A company participating in the preferential agrocredit program launches to bottle a qvevri wine.Director of “Shalauri Wine Cellar Ltd. ” David Buadze says that the company will bottle qvevri wine  for export for the first time. He notes  that at this stage Italy, France, Slovenia and other European countries are in the export list. …

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“MariGroup” to Invest USD 12 Mln in Hotel Business in Batumi

“MariGroup”  company will  invest  USD 12 million in hotel business in Batumi. The company owns “Sanapiro” and “Marina” hotels and opens another four-star hotel “Marina Coliseum” in Batumi. According to the company’s Director Alexander Akhvlediani, the Coliseum- shaped  hotel will be a 10 – storey building and will consist of  107 rooms. The project is being carried out …

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