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Construction

Georgia’s GDP Declined by 12.3% in Q2 of 2020

3 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Gross Domestic Product of Georgia (2020 II quarter, preliminary data). In Q2 2020 the nominal GDP amounted to GEL 11 210.0 million. The real Gross Domestic Product (GDP) declined by 12.3 percent YoY, while the GDP deflator increased by 6.3 percent. Geostat also released data on the number of decreases in the real value-added of various activities: repair of motor vehicles and motorcycles – 13.2% decrease; construction – 24.5% decrease; accommodation and food service – 40% decrease; transportation and storage – 22.6% decrease; manufacturing – 12.1% decrease; professional, scientific,…

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Georgia’s GDP Declined by 12.3% in Q2 of 2020

3 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Gross Domestic Product of Georgia (2020 II quarter, preliminary data). In Q2 2020 the nominal GDP amounted to GEL 11 210.0 million. The real Gross Domestic Product (GDP) declined by 12.3 percent YoY, while the GDP deflator increased by 6.3 percent. Geostat also released…

Construction Company Ecohouse Consolidates into Holding

5 mins read

One of Georgia’s largest construction companies, Ecohouse, has transformed itself into a holding company, and acquired ownership of Ecohouse Factory and Ecohouse FIZ. General Director of Ecohouse Davit Morchiladze and Commercial Director Giorgi Perishvili told us that the company plans to introduce new products and services soon. How has production capacity increased since the opening…

Construction of Largest Business Headquarters in the Region Started by TBC Bank

5 mins read

The FINANCIAL -- Tbilisi Business Center is a new project of TBC Bank, which will soon be constructed in the vicinity of Lisi Lake. This will be a complex where not only will TBC Bank’s head office be located, but also a laboratory of innovation, a cultural hub, restaurants, fitness clubs and special spaces available for…

Davit Jughashvili Director of Building Materials at HeidelbergCement Georgia speaks to The FINANCIAL

6 mins read

2015 was a very successful year for all the business activities of HeidelbergCement. The company has improved its results considerably in comparison to the previous year.  Although, the recent economic changes and devaluation of the national currency have influenced the construction market in Georgia, causing certain risks for the market players, however, HeidelbergCement managed to…