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Economy

Tender of Anaklia City Management will be Announced in Spring

According to TBC Bank president Mamuka Khazaradze, tender of special economic zone management will be announced in Spring. He shared the news, before Silk Road Forum took a start. “As you know, except for Anaklia port construction, we cultivate special economic zone. Complete detailed study of which industries will be …

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Georgia Should Be Important Player in One Belt One Road Initiative

According to the president of TBC Bank, Georgia should become important player in the Silk Road initiative, bm.ge reports. Today Tbilisi hosts highly important forum which takes places for the second time. This once again underlines the fact that Georgia is an important player for One Belt One Road initiative. …

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170 Mln USD to Be Invested in Tekhuri HPP Cascade Construction

The Ministry of Energy in the Samegrelo-Zemo Svaneti region has announced the  interest in conducting, building, owning and operating of Tekhuri cascade. Expressions of interest were announced on the basis of JSC “Tekhuri Energy” application. The installed capacity of “Tekhuri Cascade” is 112.39 MW, and the estimated annual output is …

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Who Will Participate in Tbilisi Belt & Road Forum?

Tbilisi hosts one of the largest events Belt & Road Forum, gathering more than 2000 participants on November 28. Day 1 will provide opportunities to discuss a full spectrum of issues related to trade in five panel discussions, while Day 2 will focus on private sector dialogue and investment opportunities …

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Passenger Turnover Between Ukraine and Georgia Might Be Possible by IDs

According to Prime Minister of Georgia, Giorgi Kvirikashvili, Passenger turnover between Ukraine and Georgia might be possible by IDs. “I would like to point out the strategic partnership of our countries, which, in addition to the close, friendly interpersonal relationships, is based on our common interests and striving to be …

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SOCAR Buys Natural Gas from Gazprom

“We buy natural gas from foreign countries too, including from Russia”, SOCAR PR office representative Ibrahim Ahmedi told APA news agency. The purchased natural gas is sold either on both domestic market or is re-exported to foreign markets, he said. We remind you that Gazprom and SOCAR agreed on gas …

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State Budget to Transfer 60 million GEL to Tbilisi City Hall

Tbilisi City Hall will receive additional 60 million GEL from the state budget in 2018. The budget parameters were discussed by Tbilisi Mayor Kakha Kaladze and Minister of Finance Mamuka Bakhtadze at the Ministry of Finance. “Today we met with Tbilisi Mayor. The City Hall plans to implement many important …

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Georgia’s External Debt Rises by 0.545bn USD Year on Year

Georgia’s external liabilities are growing. Over the past year Georgia’s foreign liabilities rose by 0.545bln USD and equaled to 5.01bln USD as of October 31, 2017. According to Ministry of Finance, monthly reports have recorded a slight contraction in debts, down from 5.005bln USD as of September 2017. The figure …

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