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Government Prepares Special Presentation for EBRD’s Annual Meeting

Government Prepares Special Presentation for EBRD’s Annual Meeting

Georgian government prepares presentation of investment opportunities for EBRD’s annual meeting, which will be held in Cyprus in May, 2017. Finance Minister Dimitri Kumsishvili has declared about that at the meeting held with Bruno Balvaner, Regional Director of EBRD. According to Bruno Balvaner, merely several countries will be given presentation …

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SOCAR: we Hope, Investments Made by us Will Reflect on the Rate

SOCAR: we Hope, Investments Made by us Will Reflect on the Rate

SOCAR Georgia Gas hopes that tariff review process will not prolonged by Georgian National Energy and Water Supply Regulatory Commission. Azer Mamedov, general director of  the company told the reporters that the company is demanding  revising tariff of the distribution segment, while he did not specify whether the gas tariff …

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EU4Business-EBRD Credit Line to Support free trade with the EU in Georgia

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The EU4Business-EBRD credit line has provided several workshops for Georgian entrepreneurs, including nut farmers, wine exporters and meat processors, to explain how to use financing from the EBRD and EU for purchasing relevant equipment, modernising production and improving their services. “The grant component provided by the EU under the credit …

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Southern Gas Corridor Important for Europe’s Energy Security

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The Southern Gas Corridor project has strategic importance for the energy security of Europe, said Maros Sefcovic, European Commission vice-president for Energy Union, Feb. 23. He was addressing the Southern Gas Corridor (SGC) Advisory Council Third Ministerial Meeting in Baku. Sefcovic said the progress in the Southern Gas Corridor’s construction …

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We will Make Focus on New Energy Sources in 2017

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BGEO Group plans to make focus on wind power generation in Georgia. BGEO Group director general Irakli Gilauri told BusinessContract. BGEO will make accents on energy projects, including the group is interested in wind power potential and feasibility studies will be carried out to this end. “This year we will …

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Why To Invest In Agriculture: Agro Solutions

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Georgia is traditionally an agricultural country, which has 22 micro-climates varying from cool to dry, warm to humid. These diversified micro-climates allow for a longer than normal harvesting season and a wide range of growing conditions. Soils are of volcanic origin located in the river valleys. They tend to be …

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Arab Investors Visiting Georgia

Arab Investors Visiting Georgia

Arab investors are visiting Georgia to receive information on Georgia’s investment environment. Keba Keinde, founder and chairman of Millennium Finance Corporation (MFC) is leading the group of investors. Minister of Finance Dimitri Kumsishvili updated Arab investors on current situation in various sectors of economy, including transport-logistics, tourism, bank-financing sectors. Arab …

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