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Daily Archives: December 12, 2016

IFC and EBRD to Allocate 18 million EUR to Aversi

IFC and EBRD to Allocate 18 million EUR to Aversi

International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) will allocate 18 million EUR financial resources to Aversi Pharma. By this decision, intrnational organizations will assist the company to broaden public access to high-quality medical services in Georgia. IFC will allot 13 million EUR loan to enables …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: ADB approved two funding channels for Azerbaijan amounting to US$ 1.5bn Asian Development Bank (ADB) will provide US$ 1.0bn in private and public sector assistance to expand Azerbaijan’s Shah Deniz II gas field. The assistance comprises …

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The MP Discussed Cooperation Prospect with China Tianchen Engineering Corporation

The MP Discussed Cooperation Prospect with China Tianchen Engineering Corporation

Georgian Prime Minister Giorgi Kvirikashvili met today with representatives of the China Tianchen Engineering Corporation (TCC). The parties discussed Georgia’s investment potential and prospects of cooperation. At the meeting, the growing dynamics of the economic and investment relations between Georgia and China were emphasized, and the importance of the free …

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Georgia Receives Financial Aid From Asian Development Bank

After ratification of signed agreement between Georgian Parliament and Asian Development Bank, Ministry of Finance of Georgia received financial aid totaling 98,7 million USD. According to Deputy Minister and head of Fiscal department, Tsotne Kavelashvili, aid which is 255 million GEL, will be converted into national currency, at the end …

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Georgia Wine Exports to China Reach Historic High

Georgia’s wine exports to China registered the highest growth rate among all countries in the first 11 months of the year, the strongest sign yet that the eastern European country’s push into one of the world’s biggest wine markets is paying off. According to the latest figures released by Georgia’s …

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Construction of Marneuli-500 Substation Has Completed

Marneuli 500

The construction of the Marneuli-500 Substation, equipped with modern technology, is completed to improve significantly the provision of power supply to Tbilisi and Kvemo Kartli. This project is implemented by the Georgian State Electro System under the Transmission Grid Strengthening Project financed by the Asian Development Fund (ADB). The value …

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Georgia: EU Monitoring Mission’s Mandate Prolonged for Two Years

The Council prolonged the mandate of the EU Monitoring Mission in Georgia, EUMM Georgia until 14 December 2018. It also allocated a budget of €18 million for the period from 15 December 2016 to 14 December 2017. The EUMM contributes to stabilisation, normalisation and confidence building between the conflict parties …

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EU-Georgia Visa Deal Expected This Week

Member states and MEPs will agree to grant visa-free travel to Georgians at a “trilogue” meeting, expected to take place on Wednesday, Slovak foreign minister Miroslav Lajcak said on Monday in Brussels. “We really see no obstacles” to clinching an agreement on the same day, he said. “They will get …

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