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Economy

Uniform Visual Standards of Taxis to be Launched from 2019

Within the framework of the taxi reform, Tbilisi City Hall works on the uniform visual standards of the taxi, which will come into action from October 1, 2019. Tbilisi Mayor Kakha Kaladze said about it at today’s government meeting. “Mentioned reform is very important. This is one of the directions …

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Public-Private Partnership Law – New Opportunity for Energy Sector Projects

Energy sector (excluding oil & gas) is one of the strategically important sectors under newly adopted PPP legislation – which, among others, envisages the possibility of granting longterm guaranteed purchase agreement to the investor. The law on Public-Private partnership was approved by the Parliament of Georgia in May 2018. Later …

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ADB and Anaklia Consortium Sign MOU to Develop Port in Georgia

 The Asian Development Bank (ADB) signed a memorandum of understanding (MOU) to explore the development of the Anaklia Deep Sea Port and Special Economic Zone (SEZ) in Georgia. Strategically located between Europe and Asia, the Anaklia project is expected to be the driver for an integrated regional development program worth …

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Georgian Business Ombudsman Introduces Its Representative in Adjara Region

Tornike Rizhvadze, head of Adjara Government, and Business Ombudsman of Georgia Irakli Lekvinadze met with about 200 representatives of private sector of Adjara Region and officially introduced the Business Ombudsman’s representatives in Adjara Region. Tariel Giorgadze has been appointed as a representative of Georgian Business Ombudsman in Adjara Region. Tariel …

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Summarizing a Three-year Initiative to Promote Open and Secure Borders Between Azerbaijan and Georgia

The governments of Azerbaijan and Georgia, together with the European Union (EU) and United Nations Development Programme (UNDP), summarized their joint project at the Red Bridge Border Crossing Point. The project assisted both countries to raise standards of sanitary, veterinary and phytosanitary border control, improve border management infrastructure and equipment, …

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Baku-Tbilisi-Karsi Route to Drive Cargo Turnover Growth in Georgia

As part of ARGUS Caspian and Black Sea Transport Corridor 2018 Forum the agency analyst talks about Georgia’s transit potential with BM.GE. Key interest is related to dry cargo transportation from Asia to Europe via BTK railroad, he said. Krishtalov noted that the Caspian-Black Sea transport corridor is especially interesting …

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Natia Turnava Appointed As Deputy Minister of Economy

Natia Turnava

Natia Turnava has been appointed as deputy Minister of Economy and Sustainable Development of Georgia. Since 2013 Natia Turunava has been working as Deputy Executive Director of “Partnership Fund”. Prior to that, she had been in office for 20 years in private and public sectors; Turnava was also the member of the …

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Economic Effect From Marijuana Export

 Following legalization of marijuana consumption, Government of Georgia has decided to legalize medical marijuana production and exports  and reaping economic benefits. Government of Georgia has already discussed the bill for cannabis cultivation and exports. At the Government meeting Prime Minister Mamuka Bakhtadze noted that government aims to neutralize marijuana-related risks. …

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Tbilisi Hosts International Conference of Argus Media

“Argus Caspian Black Sea Transport Corridor 2018” – the event was opened at Hotel “Biltmore” today. Davit Peradze, General Director of Georgian Railway, made a speech at the conference about following topics: * Cargo dynamics in the Caspian and Black Sea region; * Multi-modal international corridors, including so-called Middle corridor …

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Airplanes Technical Maintenance Center to Open in Tbilisi

A parking shelter will be built on the territory of Tbilisi International Airport to serve any types of Boeing airplanes and Airbus A-320/330. Airplane Technics company will construct the parking shelter and invest 30 million USD in the project implementation. The company director Vincenzo Morelli told BM.GE that the parking …

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