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Daily Archives: June 6, 2016

SOCAR Working to Increase Own Oil, Gas Production

Azerbaijan’s state oil company SOCAR plans to build nine infrastructural bases for drilling of 81 oil and gas wells in the Azerbaijani sector of the Caspian Sea in 2016-2017 as part of the company’s development strategy, and that will give impetus to hydrocarbon production growth in the country, SOCAR President …

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China to Allocate Georgia over $9Mln for Healthcare Development

Healthcare

The Chinese government will allocate Tbilisi $9.1 million to improve the health infrastructure, the Georgian Finance Ministry said in a statement on Friday. Earlier in the day, Georgia’s Prime Minister Giorgi Kvirikashvili and Chinese Vice Premier Zhang Gaoli signed an agreement on economic and technical cooperation. “Under the agreement, Beijing …

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Georgia Keeps 45th Position in Good Country Index

Georgia Keeps 45th Position in Good Country Index

In recently released Good Country Index (GCI), Georgia has been placed at 45th position among 163 countries around the world. The Good Country Index is a measure of what each country on earth contributes to the common good of humanity.  Ratings are published annually and it assess the countries based on seven broad criteria such as: Science and Technology, …

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ProCredit Bank Loses Case against Employee

In the previous week Ana Machitadze, the former employee of ProCredit Bank, won a legal dispute against ProCredit Bank. Her interests were defended by Archil Kaikatsishvili, head of the Association of Young Barriers. The dispute has lasted for more than 2 years. On May 27, 2016 the Chamber of Civil …

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Cultivation of Ancient Meskhetian Vine Begins in Samtskhe-Javakheti

Cultivation of ancient Meskhetian vine begins at the territory of so-called Khizabavri Meskhetian Terraces, region Samtskhe-Javakheti. Prime Minister of Georgia Giorgi Kvirikashvili took part in the planting of ancient varieties of grapes in the village of Aspindza. Founders of the terraces rehabilitation project are Mamuka Khazaradze and Badri Japaridze [owners …

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China, Georgia Eye Greater Cooperation on Silk Road Economic Belt Initiative

China and Georgia agreed to conduct deeper cooperation on China’s initiatives of building Silk Road Economic Belt, vowing to speed up FTA negotiation. The consensus was reached during Chinese Vice Premier Zhang Gaoli’s respective meetingswith president and prime minister of the Trans Caucasian country. In the meeting with Georgian President …

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