The good news is privatization auction in Georgia will be extending to 2020 as well. For the period of two months since its launch, several attractive real estate properties have already been acquired by investors. To complement the sold lots, the Georgian government put up several other attractive properties on the auction list; one of the […]
Opening business in Georgia is quite simple; you also may accelerate the process by purchasing real estate under very beneficial terms. Here we speak of the auction held by the Georgian government, where the state property of various designations (land areas for hotels, manufacture, medical or educational institutions) is “sold out” at fair prices. These […]
In the end of November 2019, the Georgian government announced the start of mass privatization of the state property. Initially it was planned that “sellout” of the property will begin in January 2020; therefore, many investors were not ready for such rampant development of situation. Privatization is a great opportunity for most businessmen to open […]
Free access to Internet explicitly shows the level of democracy in the country. In a recently published rating Freedom House “Index of Internet Freedom 2019”, Georgia with its 75 points entered TOP-10 countries, which certifies the high level of public freedom. The report states that the government of Georgia treats digital rights of people with […]
Georgia is the country that can be proudly and honestly called the homeland of wine. Here manufacturing of the heady drink was started as long as 8 000 years ago. Wine takes a special place in the Georgian culture; drawings of grapevine and wine are found on every cultural monument, while the method of wine aging […]
The bank system of Georgia is one of the most reliable in the region. It is represented by 15 commercial banks and the National Bank of Georgia. The peculiarity of the local bank system is that all banks except one are owned by foreign shareholders, while banks with state participation are absent at all. Non-residents […]
The free industrial zone Poti allows significantly reducing costs of business due to less tax burden. Moreover, the zone provides all the conditions for effective operation, with the entire necessary infrastructure: warehouses, offices, land areas, and communications. And of course, the greatest benefit of FIZ Poti is the presence of a big sea port, which […]