Forbes Georgia in English – Issue N29

Forbes Georgia in English – Issue N29

We are pleased to present the 29th English issue of Forbes Georgia. This issue features a variety of articles on topics such as business, entrepreneurship, and technology. We hope you enjoy reading it as much as we enjoyed putting it together.

Cover Story: Leading Educational Progress – Nina Chikvashvili

The education establishment, started by Nina Chikvashvili in the city of Kutaisi, today unites three schools in Georgia, with 2,000 students and a broad network of graduates. The history of American International School Progress has been more than 20 years in the making. However, the vision of the business is much more ambitious than the achievements of the past.

This edition also features the latest insights, analysis, and trends from the dynamic world of business, finance, and entrepreneurship in Georgia and around the world.

◾ Visualizing Global Attitudes Towards AI | Analytics by Marcus Lu

Artificial intelligence (AI) is one of the fastest growing and most disruptive technologies in the world today. Because it has the potential to drastically impact society, it’s important to measure how people are feeling towards it.

◾ The State of Economic Freedom in 2023 | Analytics by Avery Koop

The concept of economic freedom serves as a vital framework for evaluating the extent to which individuals and businesses have the freedom to make economic decisions. In countries with low economic freedom, governments exert coercion and constraints on liberties, restricting choice for individuals and businesses, which can ultimately hinder prosperity.

◾ The Places That Rich People Are Leaving | Analytics by Katharina Buchholz

Newly published data by Henley & Partners shows that while China and India are losing the most millionaires (or billionaires) to emigration, the United Kingdom and Russia are also expected to be left behind by a substantial number of their very wealthy residents in the years 2022 and 2023.

◾ Where Are Georgia’s Top 10 Exported Goods Being Sold? | Analytics by Beso Namchavadze

In 2022, the export of goods from Georgia increased by 32% year-on-year to $5.6 billion. However, the share of re-exports out of the country’s exports is traditionally relatively high. Re-export refers to the export of goods that have been imported to georgia. Georgia’s exports increased by 18.4% year-on-year to $3.7 billion without re-export. The share of local exports out of total exports was 66%.

◾Why Does Georgia Have Low Wages? | Opinion Piece by Beso Namchavadze

The average monthly salary of employed personnel in Georgia is GEL 1,600. However, average disposable income after tax is GEL 1,280. For comparison, even in the lowest-income country of the European Union – Bulgaria, the average monthly salary is around USD 1,500, almost three times higher than the average salary in georgia.

◾ Why Everyone Should Pay More Attention to India | OpEd by Misho Zghuladze

“As a frequent visitor and fellow developing country native, I will walk you through why you should be paying more attention to this colossus stretching from the Himalayas to the tropics. It’s simple arithmetic – if humanity is to flourish on this planet, India’s rise has to happen. So, let’s welcome it. This is the story of India, from conquering the internet to giving money to a beggar with a QR code. Trust me, it’s a journey worth taking, even if only on paper for now.”

◾ Corporate Slaves | OpEd by Giorgi Bakradze

“It is difficult to identify the cornerstone of modern capitalism. If you were to hold a survey on this topic (if indeed it would make sense to do so), respondents would most certainly mention private property, individual freedom, self-interest, competition, free markets, freedom from state interference, and more.”

◾ Georgia Stuck in the Russian Economic Trap | OpEd By Giorgi Tskhadaia

“Georgia’s growing economic dependence on Russia will complicate any peaceful change of government in our country. Moreover, even if an anti-Russian government were to come to power, it would be difficult to break the strong economic ties with Russia immediately.”

◾ A Journey on the Crypto Sea | Tech story by Tamta Nachkebia

Wealth has always been in the hands of a small section of humanity – feudal lords, kings, rulers, and their associates. The emergence of financial institutions improved the situation, but the principles of distribution remained the same – the trail of wealth led to the centers of power. The revolution started in 2008 when cryptocurrency became equally accessible to anyone who believed in it. One of the believers was Ioseb Bolkvadze. Deciding to help others in pursuit of digital treasure, he founded cryptal with his friend in 2018. CEO Khvicha Kopinadze soon joined the company. Now employing a team of 70 people, cryptal strives to pave the way to a new world and better opportunities.

◾ Leading Educational Progress | Cover Story by Davit Tsiramua

Step by step towards progress – For many years, Nina Chikvashvili has been guided by this philosophy both in her career and in her education company.

Progress in the city of Kutaisi began in the early 2000s. First, there was an English language learning club, followed by a non-governmental organization, a private school in Kutaisi, and later in Tbilisi and Batumi. Today, Nina Chikvashvili takes responsibility for the academic and personal development of more than 2,000 students while simultaneously envisioning ambitious plans, aiming to establish the prominent brand of Progress and expand its reach outside of Georgia.

◾ A New Voice in the Development Sector

To add a new chapter to the urban biography of the city, the Wissol Group founded the development firm Biograpi. The highly experienced management team entrusted the leadership of this new commercial real estate company to young Vasil Pkhakadze.

◾ A Strategic Player in the Real Estate Market | Business Story by Davit Tsiramua

Planned investments worth $300 million and a nine-project portfolio with a total construction area of more than 600,000m² – this is the development company White Square, which appeared on the market three years ago and is part of BK Holding. Forbes Georgia spoke to the Managing Partner of BK Holding, Irakli Burdiladze, about the company’s ambitious vision.

◾ The Leader in a Technological World

The past two years have demanded exceptional leadership from various global industries, including the digital and financial sectors. Diana Kiguradze has been the regional manager in Georgia and Armenia for the international digital payment industry leader Visa in the Caucasus throughout this period. In a challenging environment and at a difficult time, she has made the payment network even more innovative, reliable and secure.

◾ In Blockchain They Trust – THE BLOCKCHAIN 50 | List Edited By Nina Bambysheva and Michael Del Castillo

Crypto is in crisis, but many of the world’s biggest financial institutions are still banking on the underlying tech as the best way to build confidence with customers— and with one another.

◾ Horse-Drawn Railway – Konka | Story from the Past by Giorgi Cheishvili

In 1883, something significant happened in the history of Old Tbilisi. A new form of public transport was launched in the shape of the “Konka,” or horse-drawn railway. Prior to that, the whole town was talking about the proud horsemen of Tiflis, their speed and self-control: “Nowhere can you find such spoiled and proud horsemen as in our city.” The “Konka” became the main topic of conversation across the city.

◾ The American Friendship Club Held a Special Celebration for American Independence Day on the 4th of July

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  1. General, people find rowing machines a fantastic method to see healthy muscle progress while firming and tightening the muscles everywhere in the body. When you utilize a rower, the sliding seat forces your leg muscle tissue to engage to push off of the footboards, which makes your legs work. Your arms, in fact, are engaged by pulling on the handles, and your core and again muscle tissue are engaged to pull the handles and keep your stability and place. Nonetheless, be sure to raise light-weight weights during reverse grip bench press, as this exercise’s main goal is to construct muscle, not power. The bench press is one of the three largest lifts in bodybuilding. It is a compound motion that primarily strengthens and develops the pectoralis muscular tissues and achieves a muscular torso.
    They can repeat the entire routine twice to make it 6 days per week of intense and vigorous training. Adjust your exercise intensity or choose different workouts if needed. Adequate relaxation and recovery are equally important, so do not hesitate to include rest days into your routine to allow your physique to heal and prevent burnout. Consistent effort over time is crucial no matter whether you’re aiming for weight reduction, muscle gain, or improved cardiovascular health. Monitor your progress, rejoice small victories, and stay committed to your health goals. Remember, lasting adjustments come from persistent and common efforts. Namely, you’ll be experiencing fatigue like by no means earlier than, a burn in the focused areas, and may have awoken myriad supportive muscle tissue that may have you ever sore for days.
    As the legs are pressed outwards, the hip abductors and gluteus maximus are utilized. In line with that advice, try sprinkling in some bodyweight exercises alongside this easy, progressive health club machine workout plan. You also can do it in tandem with this newbie cross-trainer workout plan. When you’re prepared for a new problem, attempt your hand at this easy health club workout plan for novices. On the third day of our cable machine 6-day workout, we’ll transfer on to the decrease physique muscular tissues. On the opposite hand, the seated variation is best for focusing on the soleus muscle.
    It has a platform and a footrest that assist you to do a particular kind of squat that works the quadriceps muscular tissues. The Smith Machine is a health club apparatus recognized for its guided barbell system. This allows movements to be safer and extra managed than conventional free weights. Carry your legs straight up and then carry your torso to touch the dumbbell to your toes, engaging your abs. Choose a weight that’s difficult however lets you perform workouts with correct type. As you’ll quickly see, dumbbells provide a broad range of workout routines that can target different elements of the belly muscular tissues. The pull-up bar ab workouts are wonderful for many who prefer natural, equipment-free workouts.
    Maybe you hit snooze too many instances, or your couch looks further inviting after a protracted day. They point out it’s light-weight, clean, and has adjustable speed settings. Some say it could be exhausting for seniors to use, however the manual mode is useful for his or her 87-year-old. Use a relatively gentle weight until you’ve established good stability and coordination on this train.
    Begin with one foot on the box and the opposite on the bottom somewhat closer than shoulder width. We have to work on our quadriceps muscular tissues to make them larger, however it can be onerous to do it with just free weights. To ease an ab cramp, begin by resting and gently massaging your stomach muscle tissue, this should assist enhance blood circulate. You can even apply warmth, like a heat pack, to loosen up the muscle tissue. To avoid it altogether, do your greatest to stay hydrated by drinking plenty of water or electrolyte-rich sports drinks sparsely.
    If you have any pre-existing shoulder or back issues, this could presumably be a good selection. The machine works by means of a sled which runs up and down on rails following a fixed motion sample. While this does restrict the vary of movement somewhat, it could nonetheless be a good way of squatting, particularly if you want to hold any stress away from your upper body. Squats, lunges, and leg presses are effective workouts for concentrating on each groups of muscle tissue.
    Whether Or Not you are a seasoned gym-goer or a health newbie, Planet Fitness offers a singular environment for everybody. If you’ve given the traditional route a try and haven’t reaped your due rewards give the above program a attempt. You don’t have anything to lose besides possibly standing in line to the leg press. It’s virtually as if you’re beginning a completely new method of training so stay humble, take your time, and lighten the load at first. There might be loads of time to load up the bar once you’ve developed a stronger and extra secure foundation.
    Here, though, are some reasons that you simply may choose to use leg machines. A long-time various to free weights, the Smith machine squat is corresponding to a barbell version however has the advantage of having the bar fixed to a track. The Smith machine’s mounted track allows a regulated range of movement, which could be beneficial for brand spanking new customers or those that are recovering from accidents. The hack squat provides an alternative to normal barbell squats and has a variety of benefits, including an elevated range of movement and lowered compression of the spine. This precision makes leg machines notably efficient for individuals in search of to strengthen specific areas or address weak factors of their decrease physique energy. By honing in on certain muscle tissue, customers can obtain higher muscle definition and improved performance. If you’re just beginning with leg workouts, a good place to begin is eight to ten reps and aiming for two or three sets.
    Now, many people are afraid to perform this movement or are simply not fascinated as a result of it requires slightly setup and may even look a little humorous. One of the biggest benefits is that it offers a easy, managed movement, giving your muscle tissue nearly uninterrupted time under pressure and a massive pump. Aim for 2-3 occasions a week, permitting at least in the future of rest between classes to let your muscle tissue recover. Patrick Dale, PT, ex-Marine, is a Coaching Editor with 30 years of experience in Private Training and Energy & Conditioning. A former British Royal Marine, gym proprietor, and fitness skills assessor, he is devoted to delivering informative, dependable content. In addition, Patrick is an experienced author who has authored three health and exercise books, dozens of e-books, thousands of articles, and several health videos.
    For muscle progress, goal for 6-12 reps per set, focusing on moderate to heavy weights. If endurance is your goal, then larger reps (15-20+) with lighter weights may be simpler. You should see how your physique responds to what you’re throwing at it and progressively overload, as wanted. A feature of many leg machines is a set range of movement, and this will make it simpler for beginners to carry out the exercise properly. The machine guides the person via the proper kind and protects them from going too far and operating the danger of harm by overextending their vary of motion.
    The benefits of hack squats embrace decreasing the strain in your knees and fascinating the muscles that assist to help this important joint. It’s additionally extra glute-focused than normal squats, but will nonetheless construct monster quads. So, three times a week, working the legs for twenty minutes each time is an efficient objective. You can change it up or set a day to work particular leg muscular tissues like calves, hips, and thighs. To higher stability your program, try to do single-leg “unilateral” actions to ensure the working limb is totally recruited. Generally, with each feet on the footboard, we depend on working one limb over the other.
    Some leg machines might require a spotter if you finish up going very heavy. These may embody the leg press, Smith machine, and hack squat machines. If you wouldn’t have a spotter and are planning to go super heavy, you might need to avoid these machines. Isolation exercises concentrate on working a single muscle and involve motion by way of just one joint. This allows you to put one hundred pc of your effort into working that muscle group. Examples of isolation workout routines are the leg extension for the quadriceps and the leg curl for the hamstrings. The machine consists of a weight stack that has hooked up shoulder pads and a foot block.
    In this article, we establish the most effective leg machines at the health club that will help you construct the best lower-body workout to coach your quads, hamstrings, glutes, hip adductors, and calves. This workout routine combines compound and isolation workout routines to make sure the excellent growth of your leg muscles whereas minimizing the chance of overtraining. Proper execution and constant effort will help you obtain your fitness goals, whether or not you’re aiming to build muscle mass, improve athletic efficiency, or develop outlined legs. And, believe it or not, the cable machine is likely certainly one of the most versatile train machines for leg and glute workouts and incorporating the most important lifts we just talked about.
    By simply adjusting the position of your toes – straight, inwards, or pointed out, you possibly can alter the finest way the hip abductor muscle tissue are careworn. The hip abductors are sometimes forgotten about, however this essential muscle aids in our capability to rotate our legs, stand, and stroll. Even if you squat with barbells, this can be a welcome addition to your routine should you need some quad particular work. This is great for addressing muscle imbalances and maintaining you honest about coaching both sides of your physique with equal vigor. It has a seat where you sit again and use your legs to push a platform away. The machine also options adjustable resistance so you can elevate or lower the problem based on your conditioning. Basically, you sit on a bench, grip the handles, and lock your legs into the leg pads.
    Some of those variations of squats embody entrance squats, again squats, sumo squats, and chair squats. Relying on your goals, you’ll find that performing squats 2-3 times per week will enhance your squat method, energy, and energy. It will promote muscle growth and power in the hamstrings superbly, which is in a position to aid in higher squats and deadlifts.
    It was invented in the Fifties by golden-era fitness guru Jack LaLanne. Nonetheless, engineer Paul Martin modified the original design for health club owner Rudy Smith, which is where the Smith machine gets its name. Let’s reply some frequently asked questions regarding the most effective cable leg and glute workout routines. They are located at the back of the thigh, starting underneath the gluteus maximus and attaching to the tibia and affecting the hip and knee movement. The quadriceps muscle tissue are the strongest and leanest muscular tissues in the whole body. The entrance of the thighs is the major extensor, and these muscles help to extend the leg straight from the knee.
    This is particularly true for these with below-average genetics, people who find themselves older, folks with a lot of other activity or stress in their lives, or any mixture thereof. This second model of the break up is one which I typically check with as the “rotating” version. And in that case, this model of the split is a possible option to think about using. However trying new things and making room for variety will help you discover your move.
    It’s your last massive train, so make sure you give it your all, utilizing the pyramid methodology described within the workout notes. The hack squat machine is a compound exercise that emphasizes your quadriceps. With plenty of again assist, this move is simple in your backbone but powerful in your legs. Greatest of all, cable machines allow you to increase or decrease the weights in small increments (often as low as 5 or 10 pounds) so you can elevate the resistance slowly as you develop energy.
    “You will adapt to the movements very quickly and over time you’ll be capable of steadily improve the weight and the repetitions will go up as nicely. “Weights machines are very easy to execute,” says Dan Petersen, well being and health manager at Health First fitness center on Tottenham Court Road in London. For example, a chest press is a straight push away from the physique, and since it doesn’t require so much concentrate on stability compared with free weights, individuals find it somewhat simpler. A complete leg workout ought to ideally comprise of each free weight and machine-based workouts. However, all the time think about your fitness goals and abilities first.

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