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Prime Minister: EU Allocated 3.4 billion EUR for Georgia

Georgia will receive 3.4 billion EUR credit from EU as part of the Trans-European Transport Network initiative. The mentioned investment portfolio has been approved and the funds will be spent on developing new roads, bridges, seaports and other projects, Prime Minister Mamuka Bakhtadze noted. ‘European Union has allocated 3.4 billion …

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New methodology for natural gas transmission tariffs presented in Georgia

On 16 January, the EU4Energy Governance Project presented the first draft of the gas transmission tariff methodology and calculation tool during a stakeholder meeting in Georgia. The new methodology will enable Georgian Gas Transmission Company to calculate the applicable tariffs and implement the entry-exit tariff system in practice, in line …

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EU Committed to Finance The Construction of Anaklia Port

The European Union is planning to finance major infrastructure projects across the Eastern Partnership countries (EaP) the European Commission and the World Bank have co-authored a Trans-European Transport Network (TEN-T) Investment Action Plan that identifies priority projects across the EaP countries. The combined amount of investment projects is about €12.8 …

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Innovation and Technology Agency Appointed New Chairman

Innovation and Technology Agency of the Ministry of Economy and Sustainable Development has a new chairman. Avtandil Kasradze was chosen as a result of the competition announced by the Ministry of Economy for the position of the head of the Agency. He started his job on January 16. Avtandil Kasradze …

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Year on year Change in Mandaine Exports Structure

According to the Ministry of Agriculture, as of January 15, 2019, the mandarin exports constituted 28 855 tons, up from 22 306 tons year on year. “Russia remains a key exports country (19 267 tons), Ukraine ranks second ( 6 280 tons), Armenia (2 690 tons), Uzbekistan (261 tons), Kazakhstan …

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Georgian Airways to Convey Two New Boeings in 2019

Georgian Airways plans to enlarge its fleet and covey two new Boeing airplanes in 2019, the company director general Givi Davitashvili told BM.Ge. Currently, the airline owns 8 various airplanes. The airline has taken decision on the fleet expansion due to growing passenger turnover, Davitashvili noted. In 2018 the airline …

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Wizz Air Turns Leader in Georgia in terms of Passenger Turnover

For the first time in the history of Georgian aviation market, Wizz Air has become the market leader. According to the 2018 indicators, this airline handled 597 179 passengers. This is the highest figure on the Georgian air market and this figure has made Wizz Air an owner of 12% …

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Wizz Air’s Expected New Routes from Kutaisi

The Government of Georgia and Wizz Air are negotiating new flights, Minister of Economy and Sustainable Development Giorgi Kobulia said. Giorgi Kobulia talks about the lauch of direct flights in 2019-2020 on 10 additional directions: Kutaisi – Madrid Kutaisi – Nice Kutaisi – Marseille Kutaisi – Bordeaux Kutaisi – Stuttgart …

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6,6 Million GEL Allocated for Georgian Wine Popularization on International Market

6,6 million GEL is planned to be spent for Georgian wine popularization on international market. National Wine Agency is waiting for consent from the Procurement Agency. In this regard, in 2019, an international tasting, competitions, international conferences, exhibitions and press tours will be arranged in 15 countries. Besides, conducting media campaigns, advertisements and market …

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