Batumi is the second largest city of Georgia and the capital of the Adjara, located on the coast of the Black Sea in Georgia’s southwest. It is situated in a subtropical zone at the foot of the Caucasus. Much of Batumi’s economy revolves around tourism and gambling (it is nicknamed “The Las Vegas of the Black Sea”), but the city is also an important sea port and includes industries like shipbuilding, food processing and light manufacturing. Since 2010, Batumi has been transformed by the construction of modern high-rise buildings, as well as the restoration of classical 19th-century edifices lining its historic Old Town.
The city is served by Batumi Airport, one of three international airports in the country. A bike-sharing scheme named BatumVelo allows you to rent a bicycle on the street with a smart card. The port of Batumi is on one of the routes of China’s proposed Eurasian Land Bridge (part of the “New Silk Road”), which would see an eastern freight link to China via Azerbaijan and the Caspian Sea, and a western link by ferry to Ukraine and on to Europe.
Batumi today is one of the main port cities of Georgia. It has the capacity for 80,000-ton tankers to take materials such as oil that are shipped through Georgia from Central Asia. Additionally, the city exports regional agricultural products. Since 1995 the freight conversion of the port has constantly risen, with an approximate 8 million tons in 2001. The annual revenue from the port is estimated at between $200 million and $300 million.
Since the change of power in Adjara, Batumi has attracted international investors, and the prices of real estate in the city have trebled since 2001. In July 2007, the seat of the Constitutional Court of Georgia was moved from Tbilisi to Batumi to stimulate regional development. Several new hotels opened after 2009, first the Sheraton in 2010 and the Radisson Blu in 2011. The city features several casinos that attract tourists from Turkey, where gambling is illegal.
[responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, f...
