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Tag Archives: trade

Medef International Company Meets with Georgian Government and Business Officials


A delegation of 28 representatives of MEDEF International company will pay a working visit to Georgia. The delegation of directors and representatives of various companies, major groups, small and medium businesses represent 10 various sectors: banking, housing and infrastructure, telecommunications, transport, urban and outdoor, defense, energy, consulting, agriculture. The delegation …

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Turkey, Azerbaijan May Soon use National Currency in Trade


Turkey and Azerbaijan continue technical discussions on the draft of the preferential trade agreement, Turkish Minister of Science, Industry and Technology Faruk Ozlu said at the 5th Turkey-Azerbaijan-Georgia business forum in Istanbul. Ozlu expressed hope that the volume of mutual trade in the national currency between Azerbaijan and Turkey will …

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Major Deal Made on Nikora Trade Bonds


A major deal has been made on Nikora Trade bonds. About 200 bonds were sold through the so-called fixing instrument.  Price for each bond marked 1040.55 USD. Total value of the deal constituted 208 110 USD. This is the largest deal made ever on Nikora Trade bonds. Bonds coded as …

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Georgian Honey with No Perspective on European Market

Georgian Honey

Georgian Honey has been admitted to EU market after EU completed all formal procedures and included Georgia in the list of third countries, from where honey imports are admitted to EU space.  Ministry of Agriculture of Georgia has carried out important measures for developing beekeeping field and stimulating exports of …

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Iran-Azerbaijan-Georgia Corridor to Launch in 1 Month


Iran, Azerbaijan and Georgia are carrying out a plan to make operational a long-overdue corridor that will carry shipments from the Black Sea – between Eastern/Southeastern Europe and Western Asia – to the Persian Gulf in the southeastern Middle East. The announcement was made by Deputy Head of the Islamic …

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Armenia-Georgia Trade Relations: Getting close or Distant?


PMC Research together with the Konrad-Adenauer-Foundation (KAS), hosted a presentation and public discussion of the research findings “Armenia-Georgia Trade Relations: Getting close or distant?”. Armenia’s decision to join the Eurasian Economic Union (EEU) exempted traders from union member countries from paying value added tax (VAT) and excise tax, thus putting …

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In January-October Exports Slip 16% with EU, Drops 19% with CIS

European Union flag made of colorful splashes

In January-October 2016 Georgia’s foreign trade turnover (excluding non-declared trade) made up 9956 million USD, up 22% year on year; According to Geostat, National Statistics Service of Georgia, exports marked 1701 million USD, down 7% year on year, and imports constituted 8256 million USD, up 31% year on year. It …

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