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Daily Archives: April 19, 2019

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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Georgia’s National Debt fell by 165 Million GEL in March

In March Georgia’s national debt decreased by GEL 165 million and amounted to GEL 18.5 billion. The foreign debt in dollars fell by $ 59 million, the debt in lari- GEL 173 million. In March the domestic debt increased by GEL 8 million. As of March 31, Georgia’s foreign debt …

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Georgian Capital Tbilisi to Celebrate Europe Day on May 4

On 4 May, the Georgian capital of Tbilisi will host celebrations for Europe Day. Join us on 4 May and celebrate Europe Day with us! The city’s Rike Park will be turned into a ‘Eurovillage’ for one day, taking everyone on a journey across the EU with informative and fun activities …

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Georgian Vineyard to be Planted in Cyprus

The Georgian vineyard will be planted in Cyprus. Levan Davitashvili, Minister of Environment Protection and Agriculture stated about it at the signing ceremony of the Memorandum. “It is very important to increase trade relations with Cyprus as a tourist-friendly country, in the agrarian direction. It is also important to cooperate …

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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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Natia Turnava Appointed As Minister of Economy

Natia Turnava has been appointed as Minister of Economy and Sustainable Development of Georgia.  Prior to that she was the deputy minister of economy since September 2018. Natia Turunava has been working as Deputy Executive Director of “Partnership Fund”. Prior to that, she had been in office for 20 years in …

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Georgia Joins Global Recognition of Stenocardia Month

The campaign to raise awareness of stenocardia began in Georgia with a presentation of a social project organized by the European Cardiology Society (ESC) Working Group and French Pharmaceutical Company Servie. The information campaign is being conducted locally by the Association of Cardiovascular Diseases Prevention and Rehabilitation Association in Georgia. …

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