Economy

Zurab Noghaideli: Growing Domestic Generation is the Fundament for Georgia’s Energy Security

Today, electricity imports from Azerbaijan essentially exceed the imports from Russia. Though, we cannot yet replace Russian electricity imports entirely

AFBA discloses ESCO for violating the rules of issuing public information

The Association of Young Financiers and Businessmen (AFBA) has accused the electricity market operator (ESCO) of violating the rules for issuing public information. According to the non-governmental organization, legal actions will be taken.

Georgia to Receive $107 Million in Exports to EU in Last Two Months

In the months of January and February in 2021, $107 million worth of goods were exported from Georgia, which is $1.4 million less than in 2020.

Georgian Wool to Export Mattresses to Foreign Markets

Georgian Wool Company plans to launch exports of mattresses to foreign markets, including in Greece, where the first test batch will be sent in 2 weeks.

WizzAir Cancels Part of Summer Season Flights from Kutaisi

Hungarian airline Wizz Air has canceled part of its 2021 summer flights from Kutaisi Airport. According to the company, flights to Germany and Italy have been canceled.

AYFB: It’s Unclear why ESCO Abstains to Publish Differentiated Tariffs of Imported Electricity

“I doubt that ESCO has been involved in questionable deals”, Giorgi Kapanadze, head of the Association of Young Financiers and Businessmen (AYFB) noted.

Zurab Noghaideli: Azerbaijani Electricity Imports Cheapened in February Again

Azerbaijani electricity imports were the cheapest in February again, Zurab Noghaideli, member of the supervisory board of Elgreen, Azerbaijani electricity importer company.

Economy Minister Divulges Plans for Laying Black Sea High-Voltage Transmission Cable to Europe

The high-voltage electricity transmission line will be laid on the Black Sea bed to connect Georgia-EU power grids, Georgian Economy Minister Natia Turnava noted.

Electricity Import from Russia Grows by 94.2%

In February 2021, electricity imports from Russian Federation increased by 32.6%.