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Economy

Georgia’s Economic Competitiveness Shrink

Georgia Loses 8 Positions in Global Competitiveness Index World Economic Forum (WEF) has published the 2017-2018 report for Global Competitiveness Index. The document explores competitive capacity of 137 countries and Georgia ranks 67th among them. According to the 2016-2017 report, Georgia ranked 59th, that is the country has lost 8 …

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Baku-Tbilisi-Kars, on Verge of New Transport Revolution

Baku-Tbilisi-Kars, on Verge of New Transport Revolution

The land transportation corridors linking Asia and Europe are on the verge of re-awakening following centuries of neglect. Silk Road, one of the greatest sagas of human endeavor is being revived in the view of the fast changing world order. The regional neighbors and strategic partners – Azerbaijan, Georgia and …

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Lianyungang Port and Trans-Caspian International Transport Route Signed Strategic Cooperation Agreement

September 26, 2017, Lianyungang, China, International Port and Shipping Development Forum was held in the frame of the 4th China International Logistics LYG Expo. The exhibition was organized by China International Chamber of Commerce, the relevant departments of Jiangsu Province, Lianyungang Municipal People’s Government and LYG Port Holdings Group. Within …

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Georgia Earned 391 mln USD From Tourism in August

Revenues from tourism increased by 33.6% in August, – Deputy Economy Minister said. According to Nino Javakhadze, the country received 390.9 million USD from tourism in August, the figure is more by 92.9 million comparing to the last year. It is noteworthy that 1080449 visitors crossed Georgian border, increase is …

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Georgia is Ranked as the 8th by Economic Freedom Index in the World

Georgia is Ranked as the 8th by Economic Freedom Index in the World

Georgia is ranked as the 8th among 159 countries in the “World Economic Freedom” index of Fraser Institute, and granted the status of mostly free. The Deputy Minister of Economy estimates achievements in the rating. “According to 2017 Report, Georgia occupies the first place in 4 components among 159 countries worldwide. …

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Free WiFi at Public Schools – Microsoft’s Program in Georgia

Thirty-two public schools in Georgia will enjoy free WiFi connection, thanks to the support of Microsoft. The project will was fully funded by Microsoft Georgia and the Ministry completed the working process on August 20. Public schools in Tbilisi and regions were equipped by free internet, Microsoft Georgia director general …

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Working Group on BTK to Convene in Georgia

The next meeting of the working group on the Baku-Tbilisi-Kars (BTK) railroad will be held in Georgia on September 27. An Azerbaijani delegation headed by chairman of Azerbaijan Railways Javid Gurbanov has arrived in Tbilisi to participate in the meeting. The heads of railway departments of Azerbaijan and Georgia will …

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Ferry Shipments Between Ukraine and Georgia Increased by 62.5%

Ferry shipment increased by 62.5% between Ukraine-Georgia, – administration of Ukraine’s Maritime Port publishes 6 months’ report. According to the agency, the railway-ferry line – Ilychevsky-Poti / Batumi transported 165, 6 thousand tons of cargo, which is 63.6 thousand tons i.e. which is more by 62.5% comparing to the same …

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NenskraHES Project will Continue at an Accelerated Pace

The Partnership Fund discussed construction of Nenskra Hydroelectric Power Plant at the meeting held between the Executive Director of the Fund and delegation of South Korean K-Water. Von Cheol Park, Vice-President of K-Water, Hiang Chin Kain, General Manager of Business Department and General Manager of Nenskra Hydro Business Division are …

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Iranian Trade Delegation to Visit Georgia

Iranian trade delegation will visit Tbilisi, the Georgian capital, from October 8 to 11 to attend the sixth session of Iran-Georgia Economic Commission. Hossein Salahvarzi, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture, will lead the trade delegation. Iran’s Minister of Cooperatives, Labor and Social Welfare …

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