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Tag Archives: EU

Benefits From Free Trade Regime with EU are Miserable

Georgia-EU

Georgia’s exports to the EU market have grown by only 1% after the country signed the Deep and Comprehensive Free Trade Agreement (DCFTA) with the EU. The Authorities expected the agreement to boost Georgia’s exports and investments inflows, but the results are pitiful, the Rezonansi newspaper reads. According to GeoStat, …

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EU Launches € 1.1 million Project to support Employment Service

The objective of the € 1.1 million project is to provide complex institutional and capacity building to empower the ESS and the Ministry of Labour, Health and Social Affairs of Georgia and other relevant staff to effectively fulfil its mission and duties and deliver well-targeted, high-quality, gender-sensitive and cost-effective services …

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Georgia Has Double Fatal Car Accidents Compared to EU Standards

In Georgia, the number of fatal automobile accidents is twice the amount of average car crashes of the European countries, says the minister of Regional Development Nodar Javakhishvili. As the signatory of the EU Association Agreement Georgia took on the responsibility of improving its indicators in many different sectors. Minister …

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Iran to boost Ties with European Union

Iranian President Hassan Rouhani in a meeting with President of the European Council Donald Tusk  on late Saturday voiced Iran’s readiness to considerably boost cooperation with the European Union. ‘We should plan for creating a considerable development in all-out relations between Iran and European Union based on mutual interests in …

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European Commission Proposing to Increase Energy Community’s Budget

The European Commission is proposing to increase the budget of the Energy Community for the year 2016-2017 by 30 percent, Vice-President Maroš Šefčovič said at the Celebration Ceremony of 10th Anniversary Energy Community in Vienna. His speech is published on the European Commission’s official website. The Energy Community is an …

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Georgia Joins EU Sanctions against Russia

Georgia has officially joined the EU sanctions against Russia, a declaration posted on the European Council’s webpage informs. The declaration refers to annexation of Crimea and Sevastopol. As reported, six countries aside from Georgia have also joined the economic sanctions on Russia.  On 19 June 2015, the Council extended the …

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Ilham Aliyev Talks EU Trade with Donald Tusk

After visiting Georgia, the President of European Council Donald Tusk arrived to Azerbaijan today where he and the country’s president Ilham Aliyev held a joint press conference. According to the local news agency News.Az, Azerbaijan’s president touched upon the economic ties between the country and the EU. “We are very …

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EU Antitrust Regulator Accuses MasterCard of Excessive Card Fees

EU antitrust regulators accused MasterCard on Thursday of over-charging non-European cardholders to process their purchases in Europe, the second time the EU has taken on the world’s No. 2 credit and debit card network. “We currently suspect Mastercard is artificially raising the costs of card payments,” said the EU statement. …

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Tbilisi Flood: EU Offers €3m Financial Aid

The European Union (EU) is offering Georgia financial aid to provide durable housing solutions and address humanitarian challenges in the aftermath of severe flood that devastated Tbilisi on June 13. The European Commission said it would provide up to €3 million (about 7.5 million GEL) financial aid to the Georgian …

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Estonia’s President: Georgia Should Fight for Its European Future

Estonia’s President: Georgia Should Fight for Its European Future

Estonia’s President Toomas Hendrik Ilves has begun a two day official visit in Georgia. Georgia’s President Giorgi Margvelashvili hosted his Estonian counterpart yesterday in the Presidential Palace. The sides discussed the situation in Georgia and in the region, as well as the challenges facing the region and in Europe. Future prospects …

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EU Agrees 1.8bn-euro Loan to Cash-strapped Ukraine

EU Agrees 1.8bn-euro Loan to Cash-strapped Ukraine

The EU has agreed a €1.8bn (£1.3bn; $2bn) loan to Ukraine – described as a landmark deal for a non-EU member. The agreement was signed at an EU summit in Riga, Latvia, with the leaders of six post-Soviet nations. The loan aims to help cash-strapped Ukraine implement economic reforms, as fighting …

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