European Best Destinations: “The 10 Best Destinations to Invest in Europe”

European Best Destinations, a travel platform developed to promote culture and tourism in the continent, has named Georgia's Black Sea city of Batumi third among its best places to invest.

The outlet listed 10 select locations in the list, with Batumi mentioned alongside cities like Monaco, Geneva, Nice, Paris, Warsaw and Milan in the selection.

Opening a business in Batumi is as easy as opening a door”, the article said.

Adjara Region offers many tax benefits to attract investors. In particular, it guarantees the right for investors to repatriate their income once taxes are due, guaranteeing total freedom to do business”, the piece also noted.

The website provided information based on criteria including tax advantages, price per square metre, days of sunshine, proximity to university, airports and transport infrastructure, area of green space per square metre, entrepreneurial freedom index and happiness index.