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Tag Archives: georgia

Dutch Insurance Company Invests GEL 7 Million in Georgia

On November 8, 2016, the “International Insurance Consortium”, a Dutch insurance company, signed an agreement to invest GEL 7 million into the Georgian “IC Group Insurance Company”.   The investment agreement was signed by the General Director of “IC Group”, Tengiz Mezurnishvili and the Founder and Director of “International Insurance Consortium” (Netherlands), …

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Direct Flights Between Georgia and India will Promote Tourism

Indian Civil Aviation Minister Gajapat Raju had a meeting with Vice Prime Minister, Dimitri Kusrashvili in the frame of business visit in Georgia. They discussed Georgian-Indian economical collaboration issues in trade, transportation, investments, tourism, information technologies and etc. Prime Minister positively evaluated Georgian-Indian trade-economic relations and noted that there is …

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Stunning Georgian Valleys

We’re continuing to collect most stunning and interesting places,things and facts about Georgia. Here are most stunning Georgian valleys,canyons and gorges you have to see. Dashbashi Canyon Dariali Gorge Dzama Gorge Truso Valley Pankisi Gorge Tedzami Valley Okatse Canyon Martvili Canyon Gudamakari Valley Tana (Ateni) Valley Pankisi Valley Dashbashi Canyon Source: skigeorgia

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Friendship Bridge to Be Built between Georgia and Armenia

Friendship Bridge to Be Built between Georgia and Armenia

The construction of the Friendship Bridge linking Georgia and Armenia will start in 2017. Today Georgian Prime Minister Giorgi Kvirikashvili and Armenian President Serzh Sargsyan visited the territory allocated for the construction of the new bridge. The construction of the bridge, expected to be completed in under two years to …

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EBRD Predicts Revitalization of the Region

EBRD Predicts Revitalization of the Region

European Bank for Reconstruction and Development (EBRD) predicts revitalization of the region despite the sustained high risks. TOP- 7  (2016●2017) Georgia 3,4% ●3,9% Azerbaiajn (3,0) ●1.0% Aremnia 2.0 ●2,0% Ukraine 1,5 ●2.0% Belorussia (3.0) ●1.0% Russia (0.6) ●1.2% Turkey 3.0 ●3.0% According to European Bank, South-Eastern Europe improves rating at the …

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Azerbaijan, Romania Discuss AGRI Project

Azerbaijan, Romania Discuss AGRI Project

The Azerbaijan-Georgia-Romania Interconnector (AGRI) project was mulled by Azerbaijan’s Energy Minister Natig Aliyev and Romania’s ambassador Dan Iancu in Baku, Azerbaijan’s Energy Ministry said Nov. 3. “Important steps are being taken as part of energy cooperation to implement the AGRI project, designed to supply Azerbaijani gas to Europe via Azerbaijan-Georgia-Romania-Hungary …

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New Electronic Monitoring System to be Introduced into Georgia

Georgia’s electricity markets attempt to integrate with European markets as new legislations are introduced and implemented. As Georgia moves up the development line, it modifies its markets to abide by the laws of the European Union. In June 2016, the Georgian government introduced a new law concerning energy and water …

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IMF Does Not Approve Launch of Estonian Model in Georgia

IMF Does Not Approve Launch of Estonian Model in Georgia

IMF does not approve government’s decision to launch Estonian Model in order to attract investments. Francois Painchaud, resident representative of IMF in Georgia noted, while submitting regional report that the income tax reform would increase the budget deficit and as of their prediction, it should be 6% by the next …

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Savino Plans to Export First Georgian Wine-Bottling Machine

Savino

Georgian wine-bottling machines will be exported to Ukraine, Belarus and Kazakhstan. We also think of Norwegian and Czech markets too, Savino director Gia Tandashvili told Savino company. “Our equipment is in great demand. As to Georgia, currently, our bottling machine produces only one variety of wine, but after the New …

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On November 3-5 The Japan External Trade Organization will Visit Georgia

On November 3-5 The Japan External Trade Organization will Visit Georgia

On November 3-5 The Japan External Trade Organization (JETRO) will Visit Georgia. JETRO delegation, invited by the Georgian National Investment Agency (GNIA), will pay a visit to Georgia. In the frame of the 3-day visit, the Japanese delegation will conduct business meetings with the government officials and private sector representatives. …

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Istanbul to Host Azerbaijan-Turkey-Georgia Business Forum

The fifth Azerbaijan-Turkey-Georgia business forum will be held on November 16 in Istanbul, said a message posted October 29 on the Turkish Foreign Economic Relations Board’s website. The forum will be attended by Azerbaijan’s Economy Minister Shahin Mustafayev, Georgia’s Minister of Economy and Sustainable Development Dimitry Kumsishvili, Turkey’s Economy Minister Nihat …

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