Economy

Cargo Shipment: Georgian Airways is Developing a New Line of Business

Georgian Airways Cargo will perform the first cargo air flight Boeing B737-800 in China. The exact date is still unknown. At this stage, the aircraft is already at Tbilisi International Airport and is undergoing the certification process.

Baku-Tbilisi-Kars Railroad Turnover Grows

Cargo turnover of Baku-Tbilisi-Karsi railroad has nearly doubled, Anadolu news agency reports referring to the Ministry of Transport and Infrastructure of Turkey.

Inert Materials Complex to Invest GEL 1 Million in Mining Works

Inert Materials Complex Company plans to invest around GEL 1 million in mining sand-gravel materials. The investments will be carried out in 2021.

Andria Gvidiani: Black Sea Underwater Transmission Cable will Transform Georgia into Transcaucasia Electricity Hub

The Black Sea underwater high-voltage transmission cable as the new Baku-Tbilisi-Ceyhan project and Georgia as Transcaucasia electricity hub – Economic Analyst Andria Gvidiani analyzes these issues for Commersant LIVE.

Agreement on Redistribution of Enguri Resources at 60/40 Parity must be Strictly Adhered to - Zurab Noghaideli

Abkhazia's consumption will naturally be less than 40% of the manufacture of Enguri and Vardnili HPPs in the period of May-August 2021.

Black Sea Transmission Cable Project Georgia as Transcaucasia Electricity Hub

The Black Sea Bed High-Voltage Transmission Cable as New Baku-Tbilisi-Ceyhan Project.

Insurance Industry Ends Pandemic Year in Net Profits of GEL 47.6 Million

Despite the COVID-19 challenges, the Georgian insurance industry has finished the year 2020 in net profits of GEL 47.6 million, up 90% year on year.

EU Allocates EUR 20 Million for Georgia’s Environment Protection Projects

European Union (EU) has approved a grant of EUR 20 million for implementing environment protection projects in Georgia in 2022-2027, the Environment Protection and Agriculture Ministry of Georgia reports.

Kazakh – Georgian Economic Union established under the Initiative of Companies Operating with Kazakh Capital Share

It is noteworthy that the founders of the organization are business companies and corporations operating with Kazakh Capital share on the Georgian market