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Economy

Iran, Georgia discuss ways to boost trade ties

Iranian Deputy Labor Minister Mohammad Taqi Hosseini and Georgian Economy and Sustainable Development Minister George Kvirikashvili discussed ways to boost trade ties between the two countries. In the 5th joint economic committee meeting, which was held in Tehran, the two sides referred to transit and energy as the two fields …

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EBRD Allocates about $200m for Nenskra HPP

EBRD Allocates about $200m for Nenskra HPP

The European Bank for Reconstruction and Development (EBRD) is teaming up with a Georgian state-owned shareholding company Partnership Fund (PF) to provide a support in the Nenskra Hydro Power Plant (HPP) project earmarked for the upper Svaneti region.  EBRD President Sir Suma Chakrabarti announced this news today at the EBRD …

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Azerbaijan to Buy New Carriages For Using on BTK Railway

Azerbaijan will buy 30 carriages from the Swiss Stadler Rail Group for use on the Baku-Tbilisi-Kars railway, Javid Gurbanov, Azerbaijani Railways CJSC head, told reporters May 13. He said that these carriages are equipped with an automatic change of wheels (depending on the width of railway track). “The wheels of …

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The Greek tragedy may last longer than we think

We need to make it clear that a final agreement with Greece won’t happen soon. The situation keeps deteriorating but a default is very unlikely in the coming weeks. No one is ready to take this risk. The ECB proved it when it raised ELA ceiling for Greek banks at …

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Armenia Enticed Iranian Visitors

Armenia Enticed Iranian Visitors

Plans to restore direct flights between Iran and Georgia have failed – in the wake of stricter visa regulations , the number of tourists from Iran to Georgia has further reduced and, therefore, a question of the flights restoration was not on the agenda. Even the Iranian New Year couldn’t …

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Global Energy Policy Against Georgian Interests

Growing Perspectives of Shale Gas in the USA Inauguration of US liquid gas exports to Europe becomes more and more relevant to shrink Brussels’s dependence on Russian energy resources. US liquid gas export to Europe is considered a main leverage for maintaining the global security. At the end of 2013, only …

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Oil Retreats on Speculation Global Crude Supply Glut to Endure

Oil dropped a third day in London amid speculation that a global oversupply will persist. An excess of oil around the Atlantic may curb rallies, according to Morgan Stanley and Barclays Plc. Unsold exports from West Africa, Azerbaijan and the North Sea are piling up, resembling conditions last summer when …

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Turkish Investors Show Snterest in Georgia’s Adjara Region

Turkish Investors Show Snterest in Georgia’s Adjara Region

Turkish investors are showing an interest in Georgia’s western Adjara region. About a dozen investors are in Georgia to learn more about the country’s investment climate, with a particular focus on the Adjara region. Today Georgia’s Minister of Finance Nodar Khaduri met the Turkish guests and learnt more about their investment …

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Ex-finance Minister: Speculative Investments Come into Georgia

Ex-finance Minister: Speculative Investments Come into Georgia

An interview with a former Finance Minister Mirian Gogiashvili Many regulations adopted by the Government in recent years spooked investors. How would you appreciate the investment climate in Georgia? I can say that real investments practically don’t come into Georgia and mainly speculative investments dominate in the country. Many countries …

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