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Daily Archives: May 31, 2016

Turkey Accelerates Construction of Baku-Tbilisi-Kars Railway

Turkey Accelerates Construction of Baku-Tbilisi-Kars Railway

Turkey will accelerate Baku-Tbilisi-Kars Railway construction, – Ahmet Arslan, minister of Transport, Navigation and Communications has declared to the local media. He noted, that today should visit Kars province and see ongoing construction. “The project is important for Turkey and whole region. Baku-Tbilisi-Kars Railway will provide transformation of Kars province …

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Partnership Fund Finished Construction of Greenhouse of Imereti Greenery

Partnership Fund Finished Construction of Greenhouse of Imereti Greenery

Partnership Fund finished construction of greenhouse of Imereti Greenery. The greenhouse is located in Samtredia and Partnership Fund started its expand in January, 2016. The fund has extended greenhouse industry on 1,6 ha in additional within the frame of the project. Partners of the project are Dutch companies Georgian Freshholding …

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Francois Hollande Fully Supports Visa Liberalization of Georgia

Francois Hollande Fully Supports Visa Liberalization of Georgia

President of France fully supports Visa Liberalization of Georgia, – Francois Hollande stated in Bordeaux during his face-to-face meeting with Prime Minister of Georgia Giorgi Kvirikashvili. President of France positively assessed the reforms implemented by government as well as progress achieved by Georgia in the Visa Liberalization process. The head …

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Khachapuri Index of ISET is Increased by 7% y-o-y

Khachapuri Index of ISET is Increased by 7% y-o-y

ISET published Khachapuri Index of May. In May 2016, the average cost of cooking one standard Imeretian khachapuri declined to 3.08 GEL, which is 2.7% lower month-on-month (that is compared to April 2016), but 7% higher year-on-year. According to ISET, the main khachapuri ingredient is Imeretian cheese, and, naturally, its price …

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Georgia to Promote Trade Advantages of its Electricity

Georgia to Promote Trade Advantages of its Electricity

The Cross-Border Electricity Trading Summit was opened today by Georgia’s Energy Minister Kakha Kaladze and the United States Agency for International Development’s (USAID) Caucasus Mission Director Douglas H. Ball. The main objective of the Summit is to bring electricity suppliers together to discuss how to create a competitive trading environment for …

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Insurance Sector Ends First Quarter in Profits

The Georgian insurance sector finished the first quarter of 2016 in 4.4 million GEL profits, while the sector’s losses in the same period of 2015 marked 3.3 million GEL. At the same time, the insurance sector ended the previous year in 2.6 million GEL profits. In the reporting period, the …

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Interest Expression Announced on Airport’s Construction-Rehabilitation in Zugdidi

Interest Expression Announced on Airport’s Construction-Rehabilitation in Zugdidi

It was announced the expression of interest towards Zugdidi’s airport construction-rehabilitation and management. According to LLC “Georgian Airport Union”, the department is interested to carry out airport’s construction-rehabilitation and its further operation in Zugdidi. “In terms of the agreement, we express our desire to transfer the real estate to the …

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