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Economy

Georgia’s Electricity Balance Value Exceeds Turkish Balance Value by 16%

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In April 2017 Georgia’s electricity balance value exceeded Turkish market price by 16%, but the price saw annual 5.2% contraction after Lira depreciation. As a result, the price of one kilowatt/hour electricity made up 4.1 Cent. According to G&T information, Georgia’s electricity balance value has not changed in practice (+0.7% …

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The Third Georgian Farmers’ Congress Held in Tbilisi

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The 3rd Farmers’ Congress was held in Tbilisi, Georgia. 141 farmer delegates throughout Georgia met with the official decision-makers in the field of agriculture to discuss the challenges of agrarian sector in the country. The Farmers’ Congress was preceded by the regional meetings, which took place in April 2017 in …

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New Iranian Airline Launches Tehran-Tbilisi Flight

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Iran Aseman Airlines has launched Tehran-Tbilisi-Tehran regular flights. The airline will perform flights by Airbus A-320 airplane twice a week, Tuesdays and Fridays, up to October 27. The company performed the first flight on June 2. Civil Aviation Agency of Ministry of Economy of Georgia issued a flying license to …

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Natural Disaster Annihilates 20-25% of Hazelnut Crop in 2017

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This year natural disaster annihilated 20-25% of hazelnut crop, Shota Janjghava, head of Geo Demo company, told Business Course. Similar problems arose in 2016 too and a major part of crop was lost, while the survived part was low-quality product, he said. Last year Georgian hazelnut industry was seriously damaged. If …

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Roughly 11M tons of Azerbaijani Oil Transported via BTC

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Roughly 2,237,140 tons of Azerbaijani oil was transported via the BTC main export pipeline in May 2017. Over 10 million tons of oil was transported via this pipeline in January-May. In general, more than 332 million tons of oil has been pumped to BTC since the start of pipeline exploitation …

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Turkish Section of BTK Railway to Be Ready by Late June

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The Turkish section of the Baku-Tbilisi-Kars (BTK) railway will be ready by late June 2017, Ahmet Arslan, Turkey’s minister of transport, maritime affairs and communications, said. He made the remarks during the inspection of the BTK railway, which is being built in Turkey’s Kars province, the country’s Ministry of Transport, …

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Georgian CSOs will Promote Free Trade with EU in Rural Areas

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A new project in support of economic development in rural areas in Georgia was launched. The project ‘Regional Civil Society Organisations as Vectors of Rural Economic Development’ is implemented by the Czech NGO People in Need with financial support of the European Union. The launching event was the occasion for …

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Building an Export-grade Power Distribution Grid in Georgia

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New high-voltage facilities like the Marneuli 500 kV substation near Tbilisi are preparing the ground for Georgia’s planned boost in hydropower generation and green energy exports to neighboring countries. Georgia’s power development plan includes 60 energy transmission projects across the country over 10 years. Hydropower provides more than 80% of the country’s electricity. And …

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