Category: Business

Prices Surge as Market Activity Picks Up The Batumi real estate market has kicked off 2025 on a strong note, with rising property prices and increased transaction activity signaling renewed investor interest. According to a recent report by Colliers Georgia, January saw a notable uptick in both the cost of residential flats and overall market volume, reversing concerns of a slowdown seen in 2024. Property Prices Climb Across the Board…

Georgia’s meat industry saw steady operations in 2024, with official data shedding light on the number of active slaughterhouses, livestock processing, and production figures. The latest report from Geostat provides a clear breakdown of activity across the country, revealing regional contributions and market dynamics. Slaughterhouses and Regional Distribution Slaughterhouses remained a key part of Georgia’s agricultural sector, with 114 facilities actively operating in 2024. These were spread across different regions,…

A 75-year-old building in downtown Flowery Branch is set to take on a new life as a microbrewery, thanks to the vision of two lifelong friends. But while they’re eager to serve craft beer, preserving the site’s rich history is just as important to them. Brewing Up a Dream in Flowery Branch Josh Roberts and Adam Fiddler, best friends since childhood, have always shared a passion for craft beer. Now,…

Apple CEO Tim Cook recently found himself in an unusual situation—being just another face in the crowd. While in New Orleans for the 2025 Super Bowl showdown between the Kansas City Chiefs and the Philadelphia Eagles, Cook decided to grab a meal at Domilise’s Po-boys, a beloved local sandwich shop. But despite being one of the most influential figures in the tech world, he went largely unnoticed as the attention…

The ambitious development of the “Ambassadori Island Batumi” project has taken a significant step forward as construction on the second peninsula begins. The ongoing progress of this major venture, located in the scenic coastal region of Batumi, has already formed 25 hectares of land, marking an important milestone for the project. With the initial phase now completed on the western peninsula, work is intensifying on the second peninsula, signaling the…

Adjar Energy, a subsidiary of Turkish-based Exim Holding, has announced plans to invest $460 million in Georgia’s renewable energy sector. The investment will fund the development of five wind farms and one solar power plant, significantly boosting Georgia’s green energy capacity. Set to begin in 2025, the project will unfold in phases, with the aim of achieving a total installed capacity of 360 MW. This investment is expected to elevate…

A new era of energy collaboration is underway in Europe, as the Green Energy Corridor Power Company (GECO POWER COMPANY), a joint venture between Georgia, Azerbaijan, Romania, and Hungary, has officially been registered in Bucharest, Romania. The announcement was made by Romania’s Ministry of Economy on February 4, 2025. This partnership marks the beginning of a groundbreaking energy project that aims to connect Georgia and Romania through the Black Sea…

While the new year often symbolizes fresh starts, January brought a series of closures for restaurants across Atlanta and its metro area. Some businesses quietly shut their doors, while others openly cited reasons ranging from financial struggles to shifting customer preferences. The closures reflect ongoing challenges in the industry, with some notable departures hitting local dining hotspots. Notable Restaurants That Closed Their Doors Several well-known restaurants in Atlanta and its…

VinFast, the Vietnamese electric vehicle (EV) giant, is setting its sights on India not only as a domestic market but also as a key export hub for regions like West Asia and Africa. VinFast, already a significant player in the global EV market, has outlined ambitious plans to expand its presence in India. With a strong focus on building an EV ecosystem, including manufacturing, battery production, and charging infrastructure, the…

Godrej Consumer’s Weak Report Sends Shockwaves Through the Sector FMCG stocks took a hard hit on December 9, 2024, after Godrej Consumer Products (GCP) released a disappointing quarterly update, revealing concerns about ongoing demand weakness that could persist for months. The news sparked a sharp selloff across the FMCG sector, with major players like Hindustan Unilever (HUL), Dabur, Marico, and Britannia suffering losses of up to 9%. The Nifty FMCG…