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Airbnb Accounts for 11% of Accommodation Market in Tbilisi

Airbnb supply increased 2.5x in Tbilisi over 2016-2018. Market is already oversupplied, but still continues growing – a classic case of market overreaction. Notably, 64% of properties do not get booked at all while average monthly supplied rentals was up 62.8% y/y in 2018. Oversupply is evident when compared to peers …

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Delloway – Georgia’s First Booking Platform

DELLOWAY, Georgia’s first booking platform, has been introduced. Delloway is a startup, which is to connect house owners and tenants through a different business model. The company cooperates with owners of premium-class houses and provides real estate management services for them. The Startup founder Nata Qavtaradze told BM.Ge that the …

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Ask for Georgian and Goodwill hold Georgian Traditional Product Pre-Easter Exhibition

On April 19-22, Campaign “Ask Georgian” and Goodwill organizes traditional pre-sale exhibition of Georgian products and handmade items. Exhibition-sale “”Ask for Georgian with Goodwill” is held for the tenth year, aimed at promoting Georgian products, supporting small production. More than 25 Georgian entrepreneurs and creative industry representatives participate in the …

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TBC Started Agile Transformation

TBC has begun to introduce a modern and flexible Agile system. Agile is a new method of work, which means simplifying processes, reduction of bureaucracy and increasing efficiency. It is a modern system of work adapted to the leading organizations of the world that facilitate professional growth of employees on …

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Georgian AI Company Selected Among World’s 5 Best Team

Company System Corps is an organization working in artifical intelligence and software, while team members’ average age is 20 years. They managed to get to the final at the Microsoft’s program called AI Guardian. They were among the 5 teams selected worldwide. The project, by which the SYSTEM CORP team has attracted …

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Sulkhan Gvalia Transmits E-Space Governance to Avtandil Shavishvili

Sulkhan Gvalia has transmitted the E-space governance to Avtandil Shavishvili. According to GBC news agency, the manager continues working at Bank of Georgia. He will start executing the commissions of Bank of Georgia deputy director on May 1. Shavishvili will quit the position of procurement department at Aldagi company. Sulkhan …

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A Major Association of Georgian Businessmen on the Brink of Major Changes

The position of the president of Business Association of Georgia (BAG) became vacant after Giorgi Chirakadze left the position. Currently, BAG’s first vice president, Soso Pkhakadze, will fulfill the BAG President’s duties. How do BAG members, businessmen, appraise the BAG President’s 10-year performance? Will they back Soso Pkhakadze to become …

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Registration Call for EAP CIvil Society Hackathon in Tbilisi

Civil society activists, web designers and technology professionals from Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine will have the chance to participate in the 2019 EaP Civil Society Hackathon that will take place on 14-16 June in the Georgian capital of Tbilisi.  Hosted by the Georgian Innovation …

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Tsotne Ebralidze to Head Georgian Co-Investment Fund

Staff changes is underway in the management structure of the Co-investment Fund. According to Bm.ge, Giorgi Bachiashvili, Head of the Co-Investment Fund will move to the Supervisory Board and Tsotne Ebralidze will take his place in the Fund. Tsotne Ebralidze is currently the manager of Georgian Co-investment Fund in Tourism …

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Dinner in the Sky – New Restaurant Set to Open in Kojori

A new restaurant is set to open in Georgia – guests will enjoy dinner up in the air. The concept of Dinner in the Sky is around 70 countries in the world, first opened in Belgium in 2006. According to the spread information, the restaurant will be opened in Kojori …

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