Economy

Japanese Energy Company TEPCO Implements First Investment Project in Georgia

Energy security and energy independence are very important aspects for Japan because the economy and human progress largely depend on energy resources, the Japanese Ambassador to Georgia Imamura Akira noted.

Georgia to Negotiate Free Trade Agreement with UAE

As the first country in the Region, Georgia will negotiate the free trade agreement with United Arab Emirates (UAE) without special studies,

Arab Investment Funds to Implement New Investment Projects in Georgia

Investment Funds of United Arab Emirates (UAE) plan to implement investment projects in Georgia.

SOCAR Loads First Tanker with Bitumen from Kulevi Oil Terminal

The State Oil Company of Azerbaijan (SOCAR) has loaded the first tanker with bitumen from its own oil terminal in Kulevi on Georgia’s Black Sea coastline.

Five Chinese Companies Bid for Building 575-Million-GEL Highway in Kakheti Region

The Road Department of the Ministry of Regional Development and Infrastructure has announced two tenders for building the Tbilisi-Sagarejo highway. The project comprises 3 lots and their total length is 35.2 kilometers.

Economy Minister: We Contracted Feasibility Studies of $277 million for Building 46 Energy Facilities

"We have contracted feasibility studies worth $277 million for building 46 hydropower plants, Georgian Economy Minister Natia Turnava noted when congratulating the Georgian energy sector professionals on the Energy Sector Day.

Government to Reform Partnership Fund into Development Fund of Georgia

The Partnership Fund will be transformed into the Development Fund of Georgia and the new organization will be financed from the state budget.

Adjara’s Agro Service Center Set out for Auction at GEL 13.8 Million

Adjara’s Agro Service Center has been put out for auction. The starting price of the 100% stake is GEL 13.8 million.

Negotiations Underway with TAP Air to Launch Direct Flights to Portugal

The Government of Georgia plans to launch direct flights to Portugal. Negotiations are underway with Portuguese national air company TAP Air Portugal.