Agricultural land in one of the most prestigious spots in Georgia!
The property is situated in the village of Tabakhmela, 16 kms far from the capital city Tbilisi that is relative to 40 minutes car drive. The land is at a distance of 2 kms from the main road.
The total land area is 1500 sqm with water. Electricity is within 30 meters from the land and gas is at a distance of 600 meters from the property.
The land is recommended for building a country house.
Georgia’s reputation as a business friendly country is growing after becoming the 6th best country in the world in terms of economic development and easy of doing business.
Georgia has moved up again in the Doing Business Ranking of the World Bank to 6th place from 9th place last year.
This means that Georgia is the most credible economy of Europe and Central Asia. It has maintained its strong position in Top 10 Economies”, said the Regional Director of the World Bank, Mercy Tembon yesterday at the press conference where together with the Prime Minister of Georgia Mamuka Bakhtadze, she announced the results of the new report.
Bakhtadze said that such progress means “a tremendous step” made towards integrating Georgia’s country in the global economy and evidence that reforms implemented by the government of Georgia are successfully serving the economic development of the country.
Bakhtadze also said that Georgia already is one of the most reliable economies of the world and the government plans to further improve our results.
You may know what the vision of our Government is: Georgia should be in top 5 in all the international ratings... Our main goal is to make Georgia more effectively integrated to the world economy. It is essential to transform Georgia into a regional leader and economic hub. Otherwise we will find it hard to overcome the economic challenges that we face”, Bakhtadze said.
Tembon explained the reasons why Georgia has been consistently advancing in the rating over the years and said this is a testimony of progressive reforms and programs that improve the business environment in the country.
More precisely, reforms implemented this year and planned for future will further advance Georgia's position. It has become easier to incorporate a business by cutting or simplifying the post-registration procedures, tax registration, social security registration or licensing. Payment of taxes has become simpler by introducing new or revised tax laws, by simplifying compliance processes and decreasing the number of tax filings or payments.
At the same time, Georgia made it easy to enforce contracts by having electronic payments and automated assignment of cases to judges, which end in published judgements. It reduced its relative gap in regulatory performance of starting a business. Key reforms helping in the improvement of ranking have been carried out and entrepreneurs no longer need to make a separate visit to the Revenue Service for value added tax registration upon company registration. Similarly, Georgia has improved the one-stop-shop for business incorporation, allowing businesses to start a company through a single procedure”, she said.
A red dry wine Alaverdi Tradition’ produced by Georgian wine company Badagoni is among the top 100 wines of the world, announces Badagoni.
‘Alaverdi Tradition’ was named as one of the world’s best wines by the jury of the prestigious Sydney International Wine Competition, held in Australia this month.
In the competition, wines from the most prominent wine-making countries were presented, and the jury consisted of wine experts from Australia, New Zealand, Switzerland, the USA, Canada, France and otheer countries.
The Sydney International Wine Competition taken place annually for almost 40 years now.
“Badagoni victory is truly a huge achievement, as the competition assessment criteria and process is quite difficult. Each wine had to go through several assessment phases. Regardless of the intense competition, Badagoni’s ‘Alaverdi Tradition’ managed to receive the award of a winner,” read the press release of Badagoni.
The Georgian economy grew 4% year-on-year in the third quarter of 2018 and 4.9% in the nine months of the current year, announces the National Statistics Office of Georgia (Geostat).
The estimated real gross domestic product (GDP) growth rate in September 2018 was equal to 5.6% year-on-year, Geostat said.
Last month estimated real growth compared to the same period of the previous year was posted in manufacturing, financial intermediation, trade, real estate, transport, hotels and restaurants.
Various international financial institutions also have positive expectations for Georgia’s economic growth.
The Asian Development Bank (ADB) raised Georgia’s 2018 growth forecast to 4.9 per cent from the April estimate of 4.5 per cent reflecting strong growth in tourism and robust investment after an increase in business and investor confidence.
The International Monetary Fund (IMF) has moved its forecast up, saying the Georgian economy will grow by 5.5 percent in 2018.