Category: Business

The Women in Business Economic Forum recently took place in Tbilisi, Georgia, bringing together influential women entrepreneurs, government officials, and industry leaders. Organized by the local business association ‘Women for Tomorrow’ with support from Gazelle Finance and Visa, the forum aimed to address regional challenges and promote women’s economic empowerment. The event highlighted the significant strides made in women’s entrepreneurship and provided a platform for sharing insights and fostering collaboration.…

Zarapkhana, a renowned jewelry manufacturing company, is set to make a significant leap by launching a new branch in Europe. This expansion marks a pivotal moment for the company, which has been a staple in the Georgian market for years. The move aims to bring Georgian cultural heritage and exquisite craftsmanship to a broader audience, enhancing the brand’s international presence. Tornike Samkharadze, the Executive Director, shared insights into this strategic…

The Institute for Development of Freedom of Information (IDFI) has reported a significant increase in the number of Russian-owned companies in Georgia, reaching a historical maximum. As of June 1, 2024, approximately 37,400 companies in Georgia are owned by Russian citizens, including 494 Georgian-Russian dual citizens. This surge, with more than 30,000 companies registered after 2022, is attributed to the influx of Russian migrants following the Russia-Ukraine war. The presence…

McDonald’s is set to expand its presence in Tbilisi, Georgia, with the opening of two new restaurants. The new branches, located on Gotua Street and Vazha-Pshavela Avenue, represent a significant investment in the local economy and are expected to enhance the dining experience for residents and visitors alike. The Gotua Street branch, which is already welcoming customers, will officially open on October 1, the same day the Vazha-Pshavela unit holds…

The number of Russian companies in Georgia has reached an unprecedented level, according to a recent study by the Institute for the Development of Freedom of Information (IDFI). As of June 1, 2024, approximately 37,400 companies in Georgia are owned by Russian citizens, with over 30,000 of these companies registered after 2022. This surge is largely attributed to the influx of Russian migrants following the Russia-Ukraine war. The significant presence…

In the latest BAG Index report, it was revealed that 40% of surveyed companies experienced employee growth in the third quarter of 2024. This quarterly report, supported by the Business Association of Georgia (BAG), the ifo Institute of Economy, and the PMC Research Center, provides insights into the business ecosystem, employment rates, and investment trends in Georgia. The construction sector showed the most significant growth, with expectations for continued increases…

Praline is not just an ordinary café; it is a unique multifunctional space where exceptional taste meets quality. Located at Tarkhnishvili Street #2 in Tbilisi, Praline offers a delightful blend of delicious desserts, healthy lunches, and confectionery masterclasses led by nationally renowned pastry chefs. This innovative project was brought to life by three visionary individuals, each contributing their unique expertise to create a standout offering in the local market, known…

Global Auto Import, a leading automotive importer in Georgia, has recently expanded its operations by opening a new branch in Gori. This strategic move aims to enhance the company’s customer base and provide a more personalized car-buying experience. The new branch, located on Stalin Avenue, was inaugurated on September 6, 2024, and promises to deliver high-quality services and a wide range of vehicles to the residents of Gori and surrounding…

Maqro Developments is embarking on a significant strategic expansion, focusing on high-quality living spaces with two major new projects in Tbilisi and Batumi. These projects are designed to prioritize safety and comprehensive amenities, ensuring a superior living experience for residents. This strategic direction marks a broader evolution for the company, which has shifted its emphasis from large-scale infrastructure projects to specialized residential developments. This move allows Maqro Developments to dedicate…

Wissol Group has recently inaugurated its 17th Subway branch in Georgia, marking another milestone in its exclusive franchise agreement with Subway International BV. The new restaurant is strategically located at a Wissol gas station on the right bank of the Mtkvari River, complementing other facilities such as Dunkin’, Smart supermarket, and Vinto car service. This expansion is part of Wissol Group’s ambitious plan to open 80 Subway restaurants nationwide in…