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Swissôtel Kobuleti Beach Resort project confirms Georgia’s stable and attractive investment climate, growing tourism economy - Georgian PM

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Georgian Prime Minister Irakli Kobakhidze on Wednesday said that the launch of the Swissôtel Kobuleti Beach Resort construction demonstrates Georgia’s stable and attractive investment environment and strengthens its position as a secure economic hub on the international investment map.

Speaking at the official ceremony marking the start of construction of the Swissôtel Kobuleti Beach Resort, Kobakhidze emphasised the project’s significance for tourism development, regional growth, and foreign investor confidence in Georgia’s economy.

“The launch of construction of Swissôtel Kobuleti Beach Resort once again confirms that our investment environment is stable, predictable, and attractive to investors”, he said.

“The growth of tourism in our country is directly reflected in the development of the real estate market. Against this background, we are seeing a completely new dynamic - the development process is increasingly covering coastal regions, which is particularly important for the balanced development of the country. Today, our coastline has become a space of new opportunities for projects that combine high-class hospitality, leisure, and investment value in a single concept”, Kobakhidze continued.

He highlighted that Kobuleti was becoming part of a larger tourism ecosystem centred around Batumi, which he said increases the area’s strategic importance for high-value hospitality and investment projects.

“This is precisely the standard met by the project planned on the Kobuleti coastline, with a value of 300 million dollars. It is important that this project is being implemented just a few minutes’ drive from Batumi, which integrates Kobuleti into the region’s largest tourism ecosystem”, he noted.

The Prime Minister also pointed to international cooperation between Georgian and global companies involved in the project, describing it as evidence of continued investor confidence in the country.

“It is welcome that recognised leaders in the field have united in this initiative: the leading Georgian market company Archi, the international-scale Georgian developer NEXT, and a global giant - the Swiss brand Swissôtel. With this cooperation, I am confident that the project will be implemented with great success”, Kobakhidze stressed.

He further argued that recent partnerships between Georgian developers and major international brands demonstrate Georgia’s growing credibility as a destination for large-scale investment.

“The recent major international partnerships established by the project partner company Archi - such as cooperation with The Trump Organisation and with BI Group, a global leader in residential development - are another clear signal of trust in our country. Georgia is firmly establishing itself on the international investment map as a transparent and secure economic centre,” he concluded.

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Economy
image Business sector turnover increased by 10.7% in Q1 2026, reaching GEL 62.0 Billion - Geostat

04.06.2026.17:34

In the I quarter of 2026, compared to the same quarter of the previous year, the volume of business sector turnover increased by 10.7 percent and amounted to 62.0 billion GEL.

The increase was observed in the production value of the business sector as well. In the I quarter of 2026, production value equaled 23.3 billion GEL, which is 12.4 percent more year-on-year.

In the I quarter of 2026, large businesses generated 70.8 percent of total turnover, while medium size businesses generated 11.2 percent, and 18.0 percent was generated by small businesses.

A distribution was different in case of total production value: 48.9 percent — large businesses, 23.6 percent — medium, and 27.5 percent — small businesses.

In the I quarter of 2026, total purchases of goods and services carried out by enterprises equaled 29.5 billion GEL (year-on-year 2.5 percent more), while the purchase of goods and services for resale amounted to 17.9 billion GEL (year-on-year 4.0 percent more).

In the I quarter of 2026, the average number of persons employed in business sector equaled 799.4 thousand, which is year-on-year 3.7 percent more. Out of the total number of persons employed, 44.2 percent were female and 55.8 percent were male.

Large businesses employed 43.6 percent of total number of persons, while 19.4 percent were employed by medium, and 37.0 percent — by small businesses.

The total number of employees amounted to 743.7 thousand (year-on-year 3.5 percent more) and the total personnel costs of enterprises equaled 5 319.0 million GEL (year-on-year 11.4 percent more).

In the I quarter of 2026, average monthly remuneration of employees equaled 2 335.9 GEL (166.3 GEL increase year-on-year), while remuneration specifically for women employees was 1 837.6 GEL (126.1 GEL increase year-on-year). Average monthly remuneration by size of enterprises was as follows:

Large business - 2 513.5 GEL;

Medium size business - 2 786.5 GEL;

Small business  - 1 787.2 GEL.

In the I quarter of 2026, the arts, entertainment and recreation had the highest share (36.8 percent) in the total turnover in business sector, followed by trade sector (including repair of motor vehicles and motorcycles) with 31.4 percent share, manufacturing – with 7.4 percent, construction – with 4.5 percent, transportation and storage – with 4.5 percent, information and communication – with 4.4 percent, and other sectors – with 10.9 percent share.

In the I quarter of 2026, manufacturing (19.5 percent), trade (16.7 percent), construction (13.6 percent), information and communication (11.7 percent) and transportation and storage (9.5 percent) held the top five places in business sector by production value. The rest of the sectors had 28.9 percent share combined.

In the I quarter of 2026, trade (wholesale and retail trade; repair of motor vehicles and motorcycles), manufacturing, and human health and social work activities led business sector by number of employed persons with 29.3 percent, 11.4 percent, and 9.4 percent shares, respectively. Enterprises engaged in transportation and storage (8.1 percent), construction activities (7.5 percent), information and communication (6.3 percent), and accommodation and food service activities (5.5 percent) also had a significant share though.

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