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Monthly Archives: October 2017

Development of Road Infrastructure to Rehabilitate 100 Km. Road

Development of road infrastructure continues within the spatial arrangement of the 4-point plan. ► The World Bank starts rehabilitation of 15 local roads in Kakheti, Shida Kartli, Kvemo Kartli, Mtskheta-Mtianeti, Samtskhe-Javakheti, Racha and Samegrelo, with total length of 100 km. ► These roads have not been restored within 25-30 years. …

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Baku-Tbilisi-Kars Railway Line Launches Today

The ceremony on departure of first train from New Baku International Sea Port will be attended by Azerbaijani President Ilham Aliyev, Turkish President Recep Tayyip Erdogan, Georgian Prime Minister Giorgi Kvirikashvili and Kazakh President Nursultan Nazarbayev, AzVision reports. During a meeting in Tbilisi on February 7, 2007, the President of …

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Biosafety Point of Driving Out Road is Opened in Kvareli

Biosafety Point of Driving Out Road is Opened in Kvareli

One more biosafety point of driving out road is opened in Kakheti region. After Dedoplistskaro and Sighnaghi municipalities, the biosafety point equipped with modern standards is launched in Kvareli. The Ministry of Agriculture notes that the main purpose of driving out road is to prevent movement of diseased cattle and …

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EU is Helping Businesses Grow in Georgia

Strengthening businesses, developing digital economies and building relations between entrepreneurs from the European Union and its Eastern partner countries are at the heart of the discussions at the 4th Eastern Partnership (EaP) Business Forum in Estonia on 26-27 October 2017. The event brings together more than 450 business leaders, politicians …

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KFW to Allocate New Grant for Georgia

The German Bank for Reconstruction Credit (Kfw) will allocate 1 650,000 euros to Georgia, according to the Ministry of Regional Development and Infrastructure of Georgia. According to the Ministry, this amount will be spent on Mtskheta-Mtianeti and Imereti regions in preparation of tourism and utility infrastructure improvement project. The agreement …

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Turkish Envoy to Georgia Talks BTK, South Caucasus Pipeline

Turkish Ambassador to Georgia Zeki Levent Gumrukcu in an interview with Georgian First Channel (1TV) said implementation of significant economic projects will be completed in the region in 2017-2018, Georgia Online reported. The ambassador spoke about the Baku-Tbilisi-Kars (BTK) railway and the expansion of the South Caucasus Pipeline. “On October …

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The Number of Visitors of Protected Areas has Increased

The number of visitors at protected areas has increased by 33% compared to the previous year and reached 860 thousands, – Prime Minister Giorgi Kvirikashvili responded to the government today’s positive trend. According to the head of the government, he’s glad that half of them are citizens of Georgia, which …

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State Program for Protection and Development of Abkhazian Language

The Government of Georgia creates state program for protection and development of Abkhazian language, – Prime Minister Giorgi Kvirikashvili said at today’s government session. Prime Minister congratulates October 27 – The day of Abkhazian language to everyone, especially Abkhazian brothers and sisters. ”I would like to introduce our initiative – …

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Aircraft Manufacturing Enterprise to Launch in 2018

The Partnership Fund along with Israeli Company ”Elbit Sysyems- Cyclone” established construction of a Civilian Aircraft Manufacturing Enterprise, in September 2015. According to Partnership Fund, construction is underway at this stage, which will be completed in the first quarter of 2018. Next stage is to equip the enterprise technically and …

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Rating of Commercial Banks in terms of Crediting Portfolio, TBC is Leader

Rating of Commercial Banks in terms of Crediting Portfolio, TBC is Leader

Crediting portfolio of commercial banks accounts for 20.2bln GEL as of October 1 (Q3/2017), including loans and credits issued to nonresidents. According to National Bank of Georgia (NBG), Larization coefficient is 42.42%(Q2/2017 – 40.1%). At the October 25 briefing dedicated to the Larization campaign, NBG president discussed the 2016 trends, …

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