National Agency of Public Registry reports that 60 223 transactions were fixed on the real estate market in December. According to the Department, the number of registration transactions is grown by 8.7% y-o-y, while – 2.6% m-o-m. Monthly index of registration transactions has been fixed at 1.431 point in December …

Hospitable Tbilisi opens New Season of International Investment Battles – the City to Host the 73rd Startup Battle on February 21. The event will be held as part of the First Ukrainian-Georgian Investment Forum, the main purpose of which is the organization of direct governmental and business contacts of Ukrainian business …

Energy Development Fund invites investors for construction of wind power plant in Zestaponi. According to the Fund, preliminary studies have been already conducted at the selected area, proposal submission term is determined by one month from January 18 and the winner will be revealed among them. Construction of a plant …

Wind power station construction works will start in Chumateleti in late May 2017. The works will end in 4 years, Nodar Kurtanidze, head of Georgia – Urban Georgia company, told local residents at the project presentation in Surami on January 17. The presentation was attended by Khashuri district majority MP …

Alcohol isn’t just a mind-altering drink: It has been a prime mover of human culture from the beginning, fueling the development of arts, language, and religion. If you’re a beermaker in Germany, Martin Zarnkow is a guy you want to know. Students come to his department at the Technical University …

Rustaveli Boutique Hotel, which depicts scenes from Knight in Tiger’s Skin poem, will be handed over to an international company in management. Israel-Georgia Business Chamber representatives told the Business Contract that, at this stage, technical details are being agreed so as the hotel launch operation at full capacity. The hotel …

Loans larization program is underway. The program is applicable to about 33 000 loans. The mentioned loans should be converted to GEL in 2 months. About 8% of borrowers have applied to commercial banks on the first day of the larization program inauguration. The program started only a day before …

Prime Minister of Georgia Giorgi Kvirikashvili has met with Florentino Pérez, Head of ACS Group, the world’s one of the leading building companies,  and Real Madrid F.C. president. Georgian Prime Minister introduced the 4-clause government plan to Florentino Pérez, including the space arrangement component that calls for implementing large-scale infrastructural …

“It is twice more honorable for us that today,Prime Minister is with us, because when it comes to Georgia, I am being subjective. Georgia is a wonderful country, full of life and energy, where people are very beautiful, happy and smiley”- declared UN general secretary of Tourism Organization, Taleb Rifai …

Aleksandre Buadze, director general of KAMPA company, has applied to Government of Georgia to exempt Georgian entrepreneurs from imports tax. Products imported from the CIS countries are not taxed by 12%, while entrepreneurs have to pay the tax in all other cases, the company director general Aleksandre Buadze noted. “Regretfully, …

There is much demand for Georgian tea ingredients in Germany, where fruit tea is made of Georgian dried fruits. GEO-Flower company exports Georgian ingredients to Germany. Mindia Khutsidze, one of the founders and director of the company, told the Fortuna that there is demand for dried fruits of other European …

“If manat exchange rate remains so low, we will demand the government to raise prices for gas” – declared Suleyman Gasimov the vice-president of Azerbaijan Oil Company, SOCAR. According to Gasimov, because of low oil prices and inflation of Azerbaijan manat, the compnay completed 2015 with a loss. According to …