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Tag Archives: georgia

Georgia Gets Green Light for EU Visa-Free Travel

Georgia Gets Green Light for EU Visa-Free Travel

EU states have agreed to grant Georgian nationals visa-free travel to the Schengen zone, once new safeguards are in place to suspend the deal in case of abuse. “The council takes the view that the entry into force of visa liberalisation for Georgia should be at the same time as …

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Georgia: America’s Strategic Partner

Georgia: America's Strategic Partner

As American voters ponder which candidates can best manage their foreign-policy challenges, they should rejoice that they have some strong foreign partners equally committed to liberal democratic values. On October 8, the approximately three million voters of the former Soviet republic of Georgia will hold their own national elections, choosing …

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EBRD Supports first Wind Farm in Georgia

EBRD Supports first Wind Farm in Georgia

The European Bank for Reconstruction and Development (EBRD) and the government of Georgia are inaugurated the first wind power plant in Georgia, the bank reported. The EBRD has arranged a $22 million syndicated loan to the company Qartli Windfarm LLC for the development, construction and operation of the wind farm. …

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Southern Gas Corridor Excellent Example of New Energy Source

Southern Gas Corridor Excellent Example of New Energy Source

The Southern Gas Corridor is an excellent example to a new source of energy for Europe, said Vice-President of EU Commission in charge of Energy Union Maros Sefcovic. He made the remarks at the Inter-Parliamentary Meeting of the European Forum for Renewable Energy Sources (EUFORES). The Southern Gas Corridor is one …

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Reuters: China, Georgia Sign Preliminary Trade Pact

China and Georgia on Wednesday signed a preliminary free trade agreement that is expected to take effect from the end of 2017. The deal is expected to see Chinese firms building ports and railways in Georgia, and will boost Georgian wine exports to the world’s No.2 economy, according to a …

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Georgia to Export 94% of Goods to China Without Customs Duties

Georgia to Export 94% of Goods to China Without Customs Duties

Under the free trade agreement with China, Georgia will be able to export 94% of products without customs duties, including wines, mineral waters, fruits, juices, cables, plastic products, nitric fertilizers and so on,  Minister of Economy Dimitri Kumsishvili noted. After the agreement comes into force, ships under Georgian banner will …

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Free Trade Agreement Negotiations with China Finalized

Free Trade Agreement negotiations with China have been successfully finalized in a record-breaking 7 months, – relevant Memorandum between the Ministry of Economy and Sustainable Development of Georgia and the Ministry of Commerce of the People’s Republic China was signed at the Administration of the Government today. The first Vice …

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Competitive Capacity of Georgian Economy Grows

Over the past 5 years Georgia has moved to 59th position from 88th place in Rating of Global Competitiveness. Georgia has occupied 59th position with 4.32 point among 138 countries in the 2016-20167 Global Competitiveness Rating published by the World Economic Forum (WEF). The country has improved positions by 7 …

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Tourism Sector Revenues Hit Record Figures in 2016

Tourism Sector Revenues Hit Record Figures in 2016

In September 2016 the quantity of international visitors rose by 11% and the inflow of tourists increased by 34.2%. The statistical indicators were introduced by Giorgi Chogovadze, Head of the National Tourism Administration of Georgia. Only in September, 631 302 international visitors arrived in Georgia, up 62 615 ones compared to …

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September Records Inflation Slowdown

September Records Inflation Slowdown

In September 2016 the monthly inflation rate amounted to 0.3 percent in Georgia. Compared to the same month of previous year the Consumer Price Index change (annual inflation rate) posted a 0.1 percent increase. Compared to 2010 average the index rose 16.5 percent. The monthly inflation rate was mainly influenced …

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Gazelle Finance Fund Starts to Invest in Georgia

Gazelle Finance Fund Starts to Invest in Georgia

JSC Partnership Fund will partner with the Canadian investment fund – the Gazelle Finance Fund. Gazelle Fund focuses on supporting small and medium-sized enterprises (SMEs) in Georgia, which have potential of fast development. According to the agreement, alternative source of financial resources will appear in Georgia, which should be guarantee of new …

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