AGP Executive Report
Last update: 10 hours agoReal Estate & Construction: Colliers Georgia says up to 150,000 sq m of new office space is under construction in Tbilisi, with Saburtalo leading and activity also spreading to Didi Digomi, Samgori and Nadzaladevi. Education & Infrastructure: The Georgian Municipal Development Fund is rehabilitating Tbilisi Public School #50 in Mtatsminda, a cultural heritage monument. Finance & Markets: Bank of Georgia acted as custodian for Uzbekistan’s first large-scale dual listing IPO, settling $603.6m via London and Tashkent. Energy & Transport: Georgia reissued tenders for the Rustavi–Red Bridge and Algeti–Sadakhlo highway sections, a 61.2 km, four-lane project with bridges and interchanges, financed by an EIB loan plus the state budget. Corporate Moves: SOCAR completed its acquisition of 99.82% of Italiana Petroli, expanding its integrated energy footprint in Europe. Hospitality & Tourism: Archi and NEXT, with Swissôtel, officially launched a $300m Swissôtel Kobuleti Beach Resort project. Labor Policy: Hungary will stop issuing work visas to people from Georgia (along with the Philippines and Armenia) starting Friday.
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