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Development of Fiber Optic Cable of Europe-Asia is Considered via Georgia

Development of Fiber Optic Cable of Europe-Asia is Considered via Georgia

Georgia and Turkey will discuss development of Europe-Asia fiber-optic cable highways. Dimitri Kumsishvili raised the initiative with the Turkish counterpart. “Development of fiber-optic cable networks of Europe and Asia via Georgia and Turkey is one of the priority issues in our countries’ agenda”, – Ahmet Arslan, First Vice Prime Minister …

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Ukraine, EU to jointly finance new Silk Road transport corridor

Ukraine and the European Union (EU) will jointly finance the “Go highway” project, which would establish a new transport corridor on the Silk Road, Ukrainian Infrastructure Minister Volodymyr Omelyan said on Tuesday. “The EU is ready to partially finance our ‘Go highway’ project that will connect the Baltic Sea and …

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Flydubai to Carry out Daily Flights to Batumi

Flydubai, the low-cost airline in the United Arab Emirates, will carry out daily flights to Batumi on the navigational season of the current year. In particular, between 16 June and 30 September, the aviation traffic will be performed on Dubai-Batumi-Dubai air line 7 times a week instead of 3 frequencies. …

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Switzerland has just ratified the EFTA-Georgia Free trade agreement.

We have the pleasure to announce that Switzerland has just ratified the EFTA-Georgia Free trade agreement. It will enter into force, for the relations Georgia- Switzerland, on May 1st, 2018. The Free Trade Agreement between Georgia and European Free Trade Association (EFTA) allows Georgian producers to export majority of their goods …

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Wind Power Plant to be Constructed in Georgia by Large Turkish Holding

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The largest Turkish energy company “Chalik Enerji” will construct 50 MW wind power plant in Shida Kartli and will invest 75 million dollars. Dimitri Kumsishvili, the Minister of Economy and Sustainable Development, stated it after meeting with Turkish company’s founder and chairman Ahmet Chalik. According to the first Vice Premier, …

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Wizz Air to Fly to 13 New Destinations from Kutaisi

In Spring 2017 Wizz Air will launch several new flights, namely, to Paris, Rome, Prague, Barcelona, Athens, Riga and Vienna. Wizz Air communication manager Sorina Ratz told BM.Ge that new frequencies will be added to the direction of Schoenefeld and Dortmund. Wizz Air will add 12 new flights to the …

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SOCAR Exports More than 219,000 Tons of Oil Products to Georgia

Azerbaijan exported to Georgia more than 219,336 tons of oil products in 2017, azernews reports. Moreover, 2.203 billion cubic meters of natural gas were transported from Azerbaijan to Georgia, according to SOCAR Energy Georgia. SOCAR Energy Georgia was established in 2006. In the Georgian market SOCAR carries out wholesale and …

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Inflation Declines – General Price Level Rose by 4.3% in January

In January 2018, as compared to December 2017, inflation level constituted 0.6%, while annual inflation rate made up 4.3%. In December 2017 the annual inflation rate marked 6.7%,  averaged inflation level (comparison of 12-month averaged indicator with the previous 12-month averaged indicator) made up 6.1%, while National Bank of Georgia …

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