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Opening Ceremony of the Baku-Tbilisi-Kars Railway (BTK) Will be Held in June

Opening Ceremony of the Baku-Tbilisi-Kars Railway (BTK) Will be Held in June

The opening ceremony of the Baku-Tbilisi-Kars railway (BTK) will be held in late June, Turkish media cited the country’s Minister of Transport, Maritime and Communication Ahmet Arslan as saying. Arslan added that Turkish President Recep Tayyip Erdogan will attend the ceremony. The minister stressed that diesel locomotives will transport cargo …

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Leader of Georgian Aviation Market is Turkish Airlines


Turkish Airlines is still the leader by travelers’ flow through January-February, but the annual figure is declined to 11.3% (01.03.16 – 24%). The richest company is Fly Dubai, travelers’ flow is grown by 78% y-o-y. However, traffic of two Turkish companies, along Turkish Airlines, is declined in the rating: Pegasus …

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GEL-Denominated Loans Grow in Value

Lari loans

Ratio of consumer loans in retail loans portfolio (9.363 billion GEL) does not exceed 20%. The dollarization coefficient is 20%. Only 25% of long-term loans (2.3 billion GEL) has been issued in foreign currency. The figure makes up 6.4% in short-term loans (469 million GEL). Interest rates have increased on …

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Electricity Consumption Grows by 13% in February


Domestic consumption of electricity has increased by 13% in February 2017, the monthly report on electricity market by Galt&Taggart reads. According to the report, electricity consumption increased mainly because of Abkhazia region and direct consumers. Consumption of distributing licensees rose by 9.1% in February: TELASI electricity consumption rose by 8.3%, …

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International Conference to Take Place at GITA


 International Conference “Technologies Commercialization and Innovations: Challenges and Opportunities in Georgia” will take place at GITA on March 29-31. The organizers are: Technologies Commercialization office of Ilia State University and Innovations agency of Ministry of Economy and Sustainable Development. 3-day-long conference includes innovations and technologies and analyzing current challenges in …

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ADB Investment in Batumi Bypass to Improve Logistics, Transport


The Asian Development Bank (ADB) has approved a $114 million loan to help improve regional connectivity and road transport efficiency in Georgia, while strengthening the country’s bid to become a regional transport and logistics hub. ADB is also expected to manage and administer up to $114 million in additional financing …

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FlyUIA to Launch Zaporojie-Batumi Flights


Ukraine International Airlines (FlyUIA) plans to add a new flight o the direction of Georgia. According to Ukrainian media agencies, in summer 2017 FlyUIA will perform flights to Batumi International Airport from Zaporojie. State Commission of Flights of Ukraine has already passed the due decision concerning the mentioned direction. FlyUIA …

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Agro Solution Submitted to Market New Agricultural Consulting Product

Agro Solutions

“The aim of project is not only the increasing the productivity of hazelnut orchards, but also the quality of the harvest “. The company Agro Solution has started implementation of new project, which means consultancy services for hazelnut orchards at various stages of vegetation. Under the project, the company Agro …

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Construction of New Highway to Khashuri to Complete in June


Construction of the 12 km long part of the highway road will be completed in June. 7 km long road was opened since June; 2016 and construction works are being implemented on the part which has not been completed yet.  The Ministry of Infrastructure and Regional Development reveals the information. The project …

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