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Daily Archives: August 24, 2018

Germany will Build Energy Terminal to Reduce Dependence on Russia

‘We cannot suspend cooperation with Russia in the field of oil and gas”, Chancellor of Germany Angela Merkel noted at her meeting with Georgian Students at Tbilisi State University. Today, Russia supplies cheaper natural gas compared to other countries, Merkel said. “We keep economic relations with Russia for tens of …

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Ukraine Marks Independence Day

Independence Day of Ukraine is celebrated annually on August 24 to commemorate the Declaration of Independence from the Soviet Union in 1991. It is a day for remembering the country’s heroes who fought and died to gain their country’s sovereignty. Among the usual activities held to mark the day are parades, concerts, …

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German Investors: Georgia Provides Favorable Business Environment

Thomas Bareiss , the parliamentary secretary of Ministry of Economy and Energy of Germany, positively appraises perspectives for development of Georgia-Germany economic relations. The German official made this statement at the Ministry of Economy and Sustainable Development of Georgia, where he met with Deputy Minister Genadi Arveladze and Enterprise Georgia …

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Germany to Finance Water Supply Project for Adjara Region Villages

As part of German Chancellor Angela Merkel’s visit to Georgia, German and Georgian officials will sign loan and grant agreements on financing water supply and sewage system program for Adjara Region villages. The agreement will be signed by Georgian Finance Minister Ivane Machavariani and Olaf Zimelka, head of KfW department …

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Thomas Bareiss: Deutsche Bahn is Interested in Cooperation with Georgia

Parliamentary Secretary of the Ministry of Economy and Energy of Germany Thomas Bereiss made a special emphasis on the visit of the executive director of “Deutsche Bank” to the prospect of cooperation between “Georgian Railway” and “Deutsche Bank” . ”This will be very important move as Georgia, with its location, …

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Reuters Says After Trump Attack on Russia ties, Merkel Eyes Azeri Gas

“Castigated by U.S. President Donald Trump as relying too much on Russian gas supplies, German Chancellor Angela Merkel heads to Azerbaijan this week to discuss the development of a southern pipeline to deliver gas to Europe from the Caspian,” Reuters reports. The visit underscores Merkel’s openness to finding alternative sources …

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Georgia and Germany to Sign Agreements of 193 million EUR

Angela Merkel

“I paid my last visit to Georgia 10 years ago, when the ceasefire agreement was signed. 10 years have passed and I reaffirm my support to the territorial integrity of Georgia”, Chancellery of Germany Angela Merkel noted at the briefing of Government of Georgia. It is important that Georgia and …

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Georgia Capital Buys Rest of Winemaker Kindzmarauli Marani

Georgia Capital (BGEO Group) announced the buyout of the remaining 39.5% equity stake in Kindzmarauli Marani on Wednesday. The London-listed firm said that, following its acquisition in April, it held a 60.5% indirect interest in Kindzmarauli through a locally-established special-purpose vehicle. “Georgia Capital expects that the purchase of the minority stake …

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