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Economy

Sheikh Nahayan Wants to Enter Management of Georgian Airports

Sheikh Nahayan plans to enter the management of Georgian Airports, according to the Business Course. The Member of the cabinet of Ministers of United Arab Emirates says that UAE will double investments in Georgia in the coming years. Negotiations are underway with Government of Georgia too. “We are conducting negotiations …

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Silk Road will to Replace the Kars-Akhalkalaki Railway

Dimitri KUmsishviliDimitri KUmsishvili

“The Silk Road will not replace the Kars-Akhalkalaki Railway,” – the First Vice Prime Minister, the Minister of Economy and Sustainable Development of Georgia stated at the Tbilisi Belt & Road Forum. “The Kars-Akhalkalaki Railway represents one of the branches of the Silk Road. It is the line that will …

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EIB to Allocate 8 Billion Euros for the Eastern Partnership Countries

The Vice-President of the European Investment Bank has addressed the Silk Road Forum of Tbilisi. Vazil Hudak talked about the importance of the Forum held in Georgia and introduced the society with the completed and future projects. According to the Vice President of the European Investment Bank, EUR 8 billion …

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Georgian Industrial Group Enters Uzbekistan

Georgian Industrial Group to enter market of Uzbekistan, CEO of GIG Zurab Gelenidze announced during his speech at Tbilisi Belt& Road forum, bm.ge reports. He talked about the company’s expertise on the panel and noted that the company’s main activity is electricity generation. According to him, the GIG group operates …

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China-Georgia FTA Takes Effect From January

The China-Georgia Free Trade Agreement will take effect on January 1, 2018, according to a post on the website of China’s Ministry of Commerce (MOFCOM). Signed in May this year, the agreement has completed the examination procedures in both countries, enabling it to come into effect at the beginning of next year, …

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PASHA Bank Supports the Silk Road Regional Trade Finance Forum

November 30th, 2017, Tbilisi Marriott Hotel – The International Chamber of Commerce (ICC-Georgia) in cooperation with ICC China will hold the Silk Road Regional Trade Finance Forum. PASHA Bank being the sponsor of the event will also be represented on the trade finance panel discussion. “PASHA Bank is a Baku-based …

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President of Venice Port: Georgia has a Lucrative Location

President of Venice Port Pino Musolino said at the Silk Road Forum in Tbilisi that the port plans to take active part in the “One Belt One Road” initiative. Port management is going to hold meetings with government agencies and private sectors. “Venice is the destination of the western region …

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