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Monthly Archives: August 2018

JSC Nenskra Hydro to Cooperate with Mestia Municipality in a New Format

On August 23, the Memorandum of Cooperation was signed in Mestia between the Nenskra Hydropower Plant Project company JSC Nenskra Hydro and the City Hall of Mestia municipality. According to the document, a joint Action Plan will be presented within 3 months after its signing, which includes an implementation of …

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World Banks Issues First Blockchain Bond Raising a $100 Million

The World Bank launched bond-i (blockchain operated new debt instrument), the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. The two-year bond raised A$110 million, marking the first time that investors have supported the World Bank’s development activities in a …

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Georgia’s PM Mamuka Bakhtadze to visit Azerbaijan

Prime Minister of Georgia Mamuka Bakhtadze will visit Azerbaijan on August 30. Mamuka Bakhtadze will hold a number of meetings with Azerbaijani officials in Baku. Further strengthening of the strategic partnership between the two countries, the processes taking place in the world and the region and the prospects for the …

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Georgian Greens Producer Accesses EU markets

Thanks to the EU’s Deep and Comprehensive Free Trade Area (DCFTA) and support from the EU4Business–EBRD Credit Line, a company from Tskaltubo region has become the first producer in Georgia to export Georgian herbs to the EU market. Herbia Ltd expanded its greenhouse farming and renewed its packaging equipment after …

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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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