The growing resistance to antibiotics has prompted the world to rediscover phages. Under the leadership of young innovator Rati Golijashvili, BioChimPharm is writing a new chapter in the history of medicine. This presents a golden opportunity for Georgia, the birthplace of bacteriophage technology.<\/p>\n
\u279c Cover Story: A Bold Vision<\/strong><\/h5>\nBeka Khoperia has made Apart Group a leader in Georgia\u2019s real estate sector, attracting multi-million-dollar investments. The company will redefine Batumi\u2019s skyline with a $250 million project.<\/p>\n
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.<\/p>\n
Opinions, Rankings, Investigations and Leaderboards<\/strong><\/h5>\n\u279c With or Without EU: Georgia\u2019s Fight for Its Soul<\/strong><\/p>\n“The Georgian people are fighting not just for their country\u2019s future but for the ideals of democracy and human dignity.”<\/p>\n
Editorial Piece by Shota Dighmelashvili, Editor-in-chief of Forbes Georgia<\/em><\/p>\n\u279c The Electoral Expenses of the Parties<\/strong><\/p>\nThe October 26th elections in Georgia saw the ‘Georgian Dream’ party winning with 53.9% of the vote, despite opposition claims of unfairness. The analysis of campaign expenses highlighted that ‘Georgian Dream’ spent the most, with 68% allocated to advertising, while ‘Strong Georgia \u2013 Lelo’ had the highest cost per vote.<\/p>\n
\u279c Elections 2024 Official Voter Turnout vs. Actual Voter Turnout<\/strong><\/p>\nThe 2024 parliamentary elections saw a 76% voter turnout, similar to the 2012 elections. However, the official turnout was inflated by unregistered immigrants, and despite high participation, no change in government occurred.<\/p>\n
\u279c In Georgia, the Majority of Visitors Come From Russia<\/strong><\/p>\nAfter the pandemic, the number of Russian visitors to Georgia increased the most.<\/p>\n
\u279c Billionaires and Their Share in the Country’s Economy<\/strong><\/p>\nThe leaderboard illustrates the proportion of Georgia’s billionaires wealth relative to Georgia’s GDP. It also compares the countries with the most individuals on the Forbes Top 1000 list and the ratio of billionaire wealth to national GDP.<\/p>\n
\u279c The Ten Largest Ongoing Projects Financed By the West<\/strong><\/p>\nIn 2025, Georgia will invest \u20be4 billion in infrastructure projects, with \u20be19.7 billion already spent and \u20be14.7 billion to be spent by 2028. Of the 70 projects, 49 are funded by Western countries through preferential loans, totaling \u20be13 billion.<\/p>\n
\u279c Ivanishvili’s Russian Ties<\/strong><\/p>\nFor over a decade, Georgian oligarch Bidzina Ivanishvili and his ruling party have sought to convince the world that he has no ties to Russia. However, a piece of investigative journalism has revealed that Ivanishvili\u2019s family expanded their real estate holdings in Moscow this year.<\/p>\n
\u279c The Forbes 400<\/strong><\/p>\nThe 400 richest people in America are having a rollicking time in the roaring 2020s. In all, they are worth a record $5.4 trillion, up nearly $1 trillion from last year. A dozen have $100 billion\u2013plus fortunes, also a record. And admission to this elite club is pricier than ever: A minimum net worth of $3.3 billion is required, up $400 million since 2023. Despite the high bar, 23 newcomers managed to break into the ranks, having grown their fortunes in everything from mundane plastic pipes to cutting-edge artificial intelligence.<\/p>\n
\u279c Ukraine\u2019s Kharkiv: Fortress of Solitude<\/strong><\/p>\n“As the end of a third year of all-out war approaches, and facing a difficult winter without heat and electricity, Ukraine is in dire need of F-16 fighter jets and anti-aircraft missiles to protect its cities and civilians.”<\/p>\n
Piece by Katya Soldak, Editorial Director of Forbes Media\u2019s International Editions<\/em><\/p>\n\u279c The Georgian Economy Over the Last 12 Years<\/strong><\/p>\nFrom 2013 to 2023, Georgia’s economy grew by 70%, but socio-economic issues like high unemployment, poverty, and emigration persisted. Despite promises from Georgian Dream, wage increases were limited, and inflation surged. Migration has worsened demographic challenges, while corruption and reliance on Russia have hindered more substantial progress.<\/p>\n
\u279c What Drove the Growth of Georgia\u2019s Economy in the First Half of 2024?<\/strong><\/p>\nIn 2024, Georgia’s economy grew by 9.1%, driven by sectors like education, transport, and public administration. Key contributors included increased tourism, domestic consumption, and service exports, while goods exports fell. Economic growth was also supported by money flowing from Russia due to the Ukraine-Russia war.<\/p>\n
Interviews, Profile Features and Business Stories<\/strong><\/h5>\n![\"\"](\"https:\/\/forbes.ge\/wp-content\/uploads\/2024\/12\/N35-DEC24-ENG-ALL-PAGES-63-scaled.jpg\")
<\/p>\n
\u279c The Age of Phage<\/strong><\/p>\nThe growing resistance to antibiotics has prompted the world to rediscover phages. Under the leadership of young innovator Rati Golijashvili<\/strong>, BiochimPharm is writing a new chapter in the history of medicine. This presents a golden opportunity for Georgia, the birthplace of bacteriophage technology.<\/p>\n\u279c A Bold Vision<\/strong><\/p>\nBeka Khoperia<\/strong>, the ambitious leader behind apart group, has transformed the company into a frontrunner in Georgia\u2019s real estate sector. Within just five years, the company has attracted multi-million-dollar investments, positioning itself as a gamechanger in the market. Now, the company is poised to redefine Batumi\u2019s skyline with a landmark $250 million project.<\/p>\n![\"\"](\"https:\/\/forbes.ge\/wp-content\/uploads\/2024\/12\/n35-engCover2-insert-1-scaled.jpg\")
<\/p>\n
\u279c Building the Settlements of the Future<\/strong><\/p>\nMetropol\u2019s managing partner, GIORGI MKHEIDZE<\/strong>, is shaping the future of the Georgian real estate market through a variety of residential and investment projects. Metropol\u2019s projects exceed 545,000 square meters in total construction area, while the total investment amounts to 1.05 billion lari. The company\u2019s current undertakings include the Shindisi holiday home project, which is designed to meet the growing demand for private houses in the Tbilisi area. Forbes Georgia spoke to Giorgi Mkheidze about the company\u2019s history and development strategy.<\/p>\n\u279c The Producer of Video Masterpieces Up Close<\/strong><\/p>\nEstablished in Kyiv in 2019, shelter.film now collaborates with some of the world\u2019s largest brands and renowned musicians. ALBERT ZURASHVILI<\/strong>, the visionary Georgian producer behind the company, aimed to make shelter.film a significant player in the creative industry, establishing Georgia as a sought-after filming location for global brands.<\/p>\n\u279c The Marketing Time Machine<\/strong><\/p>\nGeorgian startuppers Roma Gujabidze<\/strong> and Gabriel Meliva<\/strong> have found an effective way to remind people of the joys of taking and printing photos. They have created a device called Printomato, which offers customers free photos and unique advertising opportunities.<\/p>\n\u279c Driving Digital Innovation<\/strong><\/p>\n22-year-old GIORGI SHONIA<\/strong> is the founder and director of the tech firm Moncero. The Swiss-Georgian firm creates convenient digital products tailored to people\u2019s needs for large domestic and foreign companies. One such product is the crypto platform Nordom, which, according to Giorgi, will change the global landscape of the crypto industry.<\/p>\n\u279c Onwards and Upwards<\/strong><\/p>\nFor the first time in its 30-year history, Tegeta Holding is led by a woman. Ekaterine Kavtaradze<\/strong> has a wealth of management experience. Two months after taking up her position, she spoke to Forbes Georgia about customer experience, personnel-related plans, and the company\u2019s development strategy.<\/p>\n\u279c The New Luxury: Craftsmanship and Timeless Design At Berhasm<\/strong><\/p>\nGeorgian fashion designer BESO TURAZASHVILI<\/strong> on the power of culture and creativity.<\/p>\nHistory<\/strong><\/h5>\n\u279c Sparta and Athens: Oligarchy Versus Democracy<\/strong><\/p>\nTwo of the great ancient Greek city-states, Sparta and Athens, were fierce rivals throughout much of their history. The former was an oligarchic republic run by the aristocracy and an elite minority, while the latter was the world\u2019s first democracy. This contrast lies behind the great rivalry between the two cities.<\/p>\n","protected":false},"excerpt":{"rendered":"
We are pleased to present the 35th English issue of Forbes Georgia. This issue features a variety of articles on topics such as business, entrepreneurship, and economics. We hope you enjoy reading it as much as we enjoyed putting it together. \u279c Cover Story: The Age of Phage The growing resistance to antibiotics has prompted […]<\/p>\n","protected":false},"author":615,"featured_media":192123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1782],"tags":[],"class_list":["post-192105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive","has-thumb"],"yoast_head":"\n
Forbes Georgia in English \u2013 Issue N35 • Forbes Georgia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.forbes.ge\/en\/forbes-georgia-in-english-issue-n35\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forbes Georgia in English \u2013 Issue N35 • Forbes Georgia\" \/>\n<meta property=\"og:description\" content=\"We are pleased to present the 35th English issue of Forbes Georgia. This issue features a variety of articles on topics such as business, entrepreneurship, and economics. 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\u279c With or Without EU: Georgia\u2019s Fight for Its Soul<\/strong><\/p>\n “The Georgian people are fighting not just for their country\u2019s future but for the ideals of democracy and human dignity.”<\/p>\n Editorial Piece by Shota Dighmelashvili, Editor-in-chief of Forbes Georgia<\/em><\/p>\n \u279c The Electoral Expenses of the Parties<\/strong><\/p>\n The October 26th elections in Georgia saw the ‘Georgian Dream’ party winning with 53.9% of the vote, despite opposition claims of unfairness. The analysis of campaign expenses highlighted that ‘Georgian Dream’ spent the most, with 68% allocated to advertising, while ‘Strong Georgia \u2013 Lelo’ had the highest cost per vote.<\/p>\n \u279c Elections 2024 Official Voter Turnout vs. Actual Voter Turnout<\/strong><\/p>\n The 2024 parliamentary elections saw a 76% voter turnout, similar to the 2012 elections. However, the official turnout was inflated by unregistered immigrants, and despite high participation, no change in government occurred.<\/p>\n \u279c In Georgia, the Majority of Visitors Come From Russia<\/strong><\/p>\n After the pandemic, the number of Russian visitors to Georgia increased the most.<\/p>\n \u279c Billionaires and Their Share in the Country’s Economy<\/strong><\/p>\n The leaderboard illustrates the proportion of Georgia’s billionaires wealth relative to Georgia’s GDP. It also compares the countries with the most individuals on the Forbes Top 1000 list and the ratio of billionaire wealth to national GDP.<\/p>\n \u279c The Ten Largest Ongoing Projects Financed By the West<\/strong><\/p>\n In 2025, Georgia will invest \u20be4 billion in infrastructure projects, with \u20be19.7 billion already spent and \u20be14.7 billion to be spent by 2028. Of the 70 projects, 49 are funded by Western countries through preferential loans, totaling \u20be13 billion.<\/p>\n \u279c Ivanishvili’s Russian Ties<\/strong><\/p>\n For over a decade, Georgian oligarch Bidzina Ivanishvili and his ruling party have sought to convince the world that he has no ties to Russia. However, a piece of investigative journalism has revealed that Ivanishvili\u2019s family expanded their real estate holdings in Moscow this year.<\/p>\n \u279c The Forbes 400<\/strong><\/p>\n The 400 richest people in America are having a rollicking time in the roaring 2020s. In all, they are worth a record $5.4 trillion, up nearly $1 trillion from last year. A dozen have $100 billion\u2013plus fortunes, also a record. And admission to this elite club is pricier than ever: A minimum net worth of $3.3 billion is required, up $400 million since 2023. Despite the high bar, 23 newcomers managed to break into the ranks, having grown their fortunes in everything from mundane plastic pipes to cutting-edge artificial intelligence.<\/p>\n \u279c Ukraine\u2019s Kharkiv: Fortress of Solitude<\/strong><\/p>\n “As the end of a third year of all-out war approaches, and facing a difficult winter without heat and electricity, Ukraine is in dire need of F-16 fighter jets and anti-aircraft missiles to protect its cities and civilians.”<\/p>\n Piece by Katya Soldak, Editorial Director of Forbes Media\u2019s International Editions<\/em><\/p>\n \u279c The Georgian Economy Over the Last 12 Years<\/strong><\/p>\n From 2013 to 2023, Georgia’s economy grew by 70%, but socio-economic issues like high unemployment, poverty, and emigration persisted. Despite promises from Georgian Dream, wage increases were limited, and inflation surged. Migration has worsened demographic challenges, while corruption and reliance on Russia have hindered more substantial progress.<\/p>\n \u279c What Drove the Growth of Georgia\u2019s Economy in the First Half of 2024?<\/strong><\/p>\n In 2024, Georgia’s economy grew by 9.1%, driven by sectors like education, transport, and public administration. Key contributors included increased tourism, domestic consumption, and service exports, while goods exports fell. Economic growth was also supported by money flowing from Russia due to the Ukraine-Russia war.<\/p>\n \u279c The Age of Phage<\/strong><\/p>\n The growing resistance to antibiotics has prompted the world to rediscover phages. Under the leadership of young innovator Rati Golijashvili<\/strong>, BiochimPharm is writing a new chapter in the history of medicine. This presents a golden opportunity for Georgia, the birthplace of bacteriophage technology.<\/p>\n \u279c A Bold Vision<\/strong><\/p>\n Beka Khoperia<\/strong>, the ambitious leader behind apart group, has transformed the company into a frontrunner in Georgia\u2019s real estate sector. Within just five years, the company has attracted multi-million-dollar investments, positioning itself as a gamechanger in the market. Now, the company is poised to redefine Batumi\u2019s skyline with a landmark $250 million project.<\/p>\n \u279c Building the Settlements of the Future<\/strong><\/p>\n Metropol\u2019s managing partner, GIORGI MKHEIDZE<\/strong>, is shaping the future of the Georgian real estate market through a variety of residential and investment projects. Metropol\u2019s projects exceed 545,000 square meters in total construction area, while the total investment amounts to 1.05 billion lari. The company\u2019s current undertakings include the Shindisi holiday home project, which is designed to meet the growing demand for private houses in the Tbilisi area. Forbes Georgia spoke to Giorgi Mkheidze about the company\u2019s history and development strategy.<\/p>\n \u279c The Producer of Video Masterpieces Up Close<\/strong><\/p>\n Established in Kyiv in 2019, shelter.film now collaborates with some of the world\u2019s largest brands and renowned musicians. ALBERT ZURASHVILI<\/strong>, the visionary Georgian producer behind the company, aimed to make shelter.film a significant player in the creative industry, establishing Georgia as a sought-after filming location for global brands.<\/p>\n \u279c The Marketing Time Machine<\/strong><\/p>\n Georgian startuppers Roma Gujabidze<\/strong> and Gabriel Meliva<\/strong> have found an effective way to remind people of the joys of taking and printing photos. They have created a device called Printomato, which offers customers free photos and unique advertising opportunities.<\/p>\n \u279c Driving Digital Innovation<\/strong><\/p>\n 22-year-old GIORGI SHONIA<\/strong> is the founder and director of the tech firm Moncero. The Swiss-Georgian firm creates convenient digital products tailored to people\u2019s needs for large domestic and foreign companies. One such product is the crypto platform Nordom, which, according to Giorgi, will change the global landscape of the crypto industry.<\/p>\n \u279c Onwards and Upwards<\/strong><\/p>\n For the first time in its 30-year history, Tegeta Holding is led by a woman. Ekaterine Kavtaradze<\/strong> has a wealth of management experience. Two months after taking up her position, she spoke to Forbes Georgia about customer experience, personnel-related plans, and the company\u2019s development strategy.<\/p>\n \u279c The New Luxury: Craftsmanship and Timeless Design At Berhasm<\/strong><\/p>\n Georgian fashion designer BESO TURAZASHVILI<\/strong> on the power of culture and creativity.<\/p>\n \u279c Sparta and Athens: Oligarchy Versus Democracy<\/strong><\/p>\n Two of the great ancient Greek city-states, Sparta and Athens, were fierce rivals throughout much of their history. The former was an oligarchic republic run by the aristocracy and an elite minority, while the latter was the world\u2019s first democracy. This contrast lies behind the great rivalry between the two cities.<\/p>\n","protected":false},"excerpt":{"rendered":" We are pleased to present the 35th English issue of Forbes Georgia. This issue features a variety of articles on topics such as business, entrepreneurship, and economics. We hope you enjoy reading it as much as we enjoyed putting it together. \u279c Cover Story: The Age of Phage The growing resistance to antibiotics has prompted […]<\/p>\n","protected":false},"author":615,"featured_media":192123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1782],"tags":[],"class_list":["post-192105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive","has-thumb"],"yoast_head":"\nInterviews, Profile Features and Business Stories<\/strong><\/h5>\n
<\/p>\n<\/p>\nHistory<\/strong><\/h5>\n