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Swissôtel Kobuleti Beach Resort project demonstrates Georgia’s dynamically growing tourism sector, healthy investment environment - Minister of Economy

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“Today’s date is symbolic and significant since it clearly demonstrates our country’s predictable, reliable and friendly environment for investors, giving them the stimulus to implement large-scale projects,” said Mariam Kvrivishvili, Georgian Minister of Economy and Sustainable Development, during the ceremony of Swissôtel Kobuleti Beach Resort construction commencement and the project’s official presentation.

According to the Minister, the Swissôtel Kobuleti Beach Resort project demonstrates how dynamically the tourism sector is growing in Georgia and how healthy the investment environment is in the country.

“The investment of USD 300 million is a very important decision for the Adjara region in general. It is especially welcome that this will be a multifunctional complex – accommodation facilities, as well as residential spaces. Entering such a high-class brand will contribute to Adjara’s tourist potential and improvement of tourist services and their quality,” she said.

Mariam Kvrivishvili further noted that the project’s operation will ensure jobs for locals and increased revenues for the country.

Through collaboration of Georgian market leader company Archi, Georgian developer NEXT, and global giant Swiss brand Swissôtel, a large-scale project will be implemented in Kobuleti, on the Black Sea coastline. The project will comprise an international-standard hotel and multifunctional residential complex. Its value is USD 300 million and is being implemented several minutes from Batumi, integrating Kobuleti into the largest tourism ecosystem in the region.

A symbolic capsule-laying ceremony was held at the Swissôtel Kobuleti Beach Resort site with the participation of Prime Minister Irakli Kobakhidze, Minister of Economy and Sustainable Development Mariam Kvrivishvili, Adjara Autonomous Republic Government Chair Zurab Pataradze, investors and representatives of the state and private sectors.

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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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