In the second quarter of 2023, Georgia's economy showed annual growth of 7.5%, with nominal GDP amounting to 19.28 billion lari (or $7.35 billion), according to information from the National Statistical Office. This growth in the second quarter was mainly due to increased value added in the following sectors: Administrative support service (+42.8%) Construction (+22.7%) Information and...
The Georgia Municipal Development Fund announced the launch of a five-year program of 1 billion lari (equivalent to $382 million) to improve and develop infrastructure in 11 localities across the country. As part of this initiative, presented by Prime Minister Irakli Garibashvili, work will be carried out to repair and develop objects and monuments in the following cities: Borjomi, Bakuriani, Kutaisi,...
Today, a lot of new real estate agencies and private realtors have appeared on the market, these are people who sell you a presentation but are not at all responsible for its implementation. What does it mean? People who do not understand developers sell everything. What can come out of this in the future, long-term construction, delay in water commissioning up to 2-3 years, lack of infrastructure in the...
Among the countries of the post-Soviet space and Europe, Georgia is one of the most dynamically developing economies. It has become a leading player in the tourism and construction sectors. Our task is to find out what are the success factors and how long-term they will be. Fact# 1. Georgia has a leading position in the world rankings in terms of ease of doing business and economic freedom. Year after...
In Georgia, the real estate market goes through its stages of development, and hotel rooms from global hotel chains are one of the pinnacles of this development. The concept of luxury residences managed by fashionable and popular hotels originated in early 20th century New York City. Today, such residences are real estate that is marketed under well-known brands of global hotel chains, such as Wyndham...
Food Supermarkets and Markets Food prices in chain-type supermarkets do not differ much. The most popular stores include Spar, Goodwill, Carrefour, Smart, Nikora, Ioli, Ibisi, Foodmart and Populi. Large cities also have a chain of Europroduct stores, where goods from Europe predominate. There are also shops with Belarusian products where you can find milk, jam, meat products and alcohol. The stores have...
Georgia is an attractive place to live permanently, and many people aspire to move here. Although the cost of rent has increased over the past year, even with this increase, expenses for expats in Georgia remain relatively low. Here is information on how much money it will take to live comfortably in Tbilisi or Batumi in 2023. Country currency In Georgia, the official currency is the Georgian lari...
