News & Articles

The Ambassadori Island Batumi project has attained substantial results regarding its developmental trajectory this year, marking a decisive transition from the strategic planning stage to the active implementation phase

The Batumi real estate market is dominated by investment purchases by foreigners, the latest Galt & Taggart study has shown. As a result, the growth of the housing stock is mainly due to investment apartments, which are mainly located near the sea.

Economic growth remains stable due to large-scale activities. The current account is improving due to a significant surplus in the service sector. Firms operating in lari expect a significant influx of foreign currency

In the western part of Georgia, near Batumi, construction has begun on a unique project - Gonio Marina. According to the current concept, it is a mixed-use resort and residential cluster covering more than 260 hectares, combining apartments, villas, hotels, a yacht marina, restaurants, and a private promenade

The first phase of the Ambassadori Island project in the Black Sea, covering 26 hectares of the western peninsula, has been officially accepted into operation by the Construction and Technical Supervision Agency. This acceptance was based on an expert conclusion from the National Bureau of Expertise of Georgia