It’s my pleasure to share with you the first release of our monthly newsletter, which aims to provide you with regular updates about our recent projects and further key interesting topics.
In our first newsletter, we are excited to share few details about the following:
- The Country of Georgia.
- Georgia 2022 Economics.
- Quick Intro about STATEYA Co.
- STATEYA recent luxurious projects.
We’ll continue issuing our monthly newsletter going forward with all our customers and interested audience, with our promise to always share valuable information and interesting updates.
Ahmed Hegazy STATEYA, CEO
THE COUNTRY OF GEORGIA
Georgia, country of Transcaucasia located at the eastern end of the Black Sea on the southern flanks of the main crest of the Greater Caucasus Mountains. It’s bounded on the north and northeast by Russia, on the east and southeast by Azerbaijan, on the south by Armenia and Turkey, and on the west by the Black Sea. The capital of Georgia is Tbilisi.
Tbilisi, Georgia’s ancient and vibrant capital city spreads out on both banks of Mtkvari River and is surrounded by mountains from three sides. The most widely accepted variant of the legend of Tbilisi’s founding says that in the mid-5th century AD, King Vakhtang I Gorgasali was hunting in the heavily wooded region with a falcon. The King’s falcon allegedly caught or injured a pheasant during the hunt, after which both birds fell into a nearby hot spring and died from burns. King Vakhtang became so impressed with the hot springs that he decided to cut down the forest and build a city. The name Tbilisi derives from the Old Georgian word “tbili”, meaning warm. Archaeological studies of the region indicate human settlement in the area early as the 4th millennium BC.
With more than 1.5 million inhabitants, Tbilisi is the largest city in Georgia, evidenced by its fervent construction efforts: rapidly developing residential complexes, shopping malls and entertainment centers have burst upon the scene and now intermingle with the city’s enduring architecture of old. Tbilisi hotels now cater to every type of budget as the city continues to attract a growing number of foreign investors, businessmen and tourists.
FACTS ABOUT GEORGIA
The state language of Georgia is Georgian, considered to be one of the oldest languages in the world. It’s original script, consonant-heavy words and status as one of the most unique languages on earth further add to its beauty and mystique. Many young people can speak English very well. If you wish to feel like a local & endear yourself to Georgian people, we advise you to learn several words in Georgian, such as gamarjoba (hello) & madloba (thank you).
The Georgian Lari (GEL) has been the national currency since 1995. Both paper bills and coins of various denominations are in circulation. Each domination of the bill portrays a famous Georgian public figure. You can easily exchange money at the airport or in the city. In Georgia, most restaurants and shops accept credit cards, but we still advise you to have cash for smaller cafes and souvenir shops.
Georgia is a warm and welcoming country, and visitors overwhelmingly report feeling safe on its streets. You can freely explore the country any time of day or evening. Georgia is equally safe at night, as police patrol the streets 24/7. Not only it’s safe to travel to Georgia, but you’ll also be greeted by some of the most kind-hearted people you’ve met. Once you land, you’ll understand why Georgians are renowned for their hospitality. Citizens welcome you with a warm smile, are quick to offer help, and will often even accompany lost travelers to the right destination. Whether traveling alone or with your family and friends, you can be confident that peace, friendship, and safety await you in Georgia’s warm and welcoming capital.
TBC capital expect the Georgian economy to grow at around 5.5% in 2022. The outlook is supported by likely very strong pre-war growth momentum at around 7.5% for the full year 2022, and continuous recovery in the tourism inflows especially when the migration impact is considered.
On the trade balance side, the growth in real exports would be difficult to achieve, however, due to the higher prices, still growth is expected at +20% in the USD terms. Stronger exports of the transportation services is also expected with an additional revenues of around 80M USD as a result of cargo redirection from the northern route. In imports, higher prices are
also a driver, however, to less extent, while the real growth should be marginally positive on the back of still strong economic activity. This looks to be the case even when imports are adjusted for likely lower investment demand due to higher uncertainties.
Other than investment component, the credit growth should still be strong. On the fiscal side, we project only slight increase in deficit, financed externally. As for the labor market, we do not expect large adverse impact, however, low real wages still should be a challenge in 2022. (Please reach out in case you are interested to have access for the full report)
STATEYA is among the top scale up real estate development companies in Georgia, offering a wide range of international standard and professional services. STATEYA’s key differentiators are facilitated by the vast experience and wealth of knowledge of its key stakeholders and professional experts in the real estate business and community planning and development.
To become the real estate developer of choice that others aspire to be. STATEYA seeks to reflect a passion for life in the field of real estate development. We see every project being undertaken as a commitment to improving people’s living standards and an opportunity to change our world for the better from aesthetic, functional and environmental.
The company’s strategy is comprised of four pillars; growth, earnings’ stabilization & diversification, improving profitability and expediting Projects’ delivery.
Customers come first; that’s why we invest appreciable time to understand our customers’ objectives and needs to be able to satisfy their requirements and meet their expectations.
Hollywood resort is located in Kaspi Municipality in Shida Kartli region, on both sides of the Mtkvari river. Kaspi is bordered by Mtskheta municipality to the east, Gori to the west, Tetritskaro and Tsalka to the south, Dusheti and Akhalgori to the northeast.
- Huge project area (up to 140,000 meters).
- Wide range of Villa types at reasonable and affordable prices.
- Elegant Villas with fabulous panoramic view at authentic location & peaceful atmosphere.
- Charming cinematic ambience with an access to Georgia’s first International Art Center.
- Glorious 5-Stars hotel (40 rooms capacity) equipped with all amenities to host celebrities and mega stars from all over the world.
- Vast green landscape with more than 60 parks and playgrounds for children.
- Modern gymnasium to exercise and maintain your health and fitness.
- Sport fields to enjoy your time and practice your favorite sports.
- Luxurious Cafes & Restaurants for memorable time with friends & family.
- Epochal Theatres to host festival and entertainment shows.
- Spacious Halls to invite and celebrate various parties with your community.
- Outdoor Cinemas to watch latest movies, while relaxing in your car.
- Unique shopping experience to a wide range of fashionable retail brands.
- Luxurious administrative units in the most appealing investment project in Georgia.
NEW BOULEVARD TOWERS
The project is located at the heart of the city of Batumi, the Boulevard area. Batumi is the leading tourist city across the Black sea coast hosting millions of visitors each year. Therefore, the tourism sector is developing rapidly resulting in increasing demand on real estate. The project has a superb location that is close to essential services with delightful view of the Black Sea shore. It’s also 5 minutes away only from the airport. The New Boulevard comprises (15) floors, with car parking in the underground, the commercial area for all essential services on the ground floor, in addition to (14) floors dedicated for residential apartments.