Economy

Irakli Gharibashvili Appointed as an Advisor to the Chinese CEFC Supervisory Board

TBILISI(BPI)- Irakli Gharibashvili was appointed as n advisor to the Supervisory Board of Regional Projects Management Company at China’s leading conglomerates CEFC Energy Company Limited. The conglomerate is involved in various fields of energy, finance and industry. The company’s interests are also securities, asset management and transborder terminals construction. As of 2017, CEFC Energy Company Limited was named China’s 8th largest ...

Read More »

Foreign Trade Turnover Increased by 20.1% In January

TBILISI(BPI)- In January 2018, foreign trade turnover in Georgia (excluding undeclared trade) amounted 815.8 million US dollar , which is 20.1 percent more than the corresponding period of the previous year. According to the statistics service, exports amounted to 222.2 million US dollars (25.7 percent more) and import 593.6 million US dollars (18.1 percent more). Negative trade balance in January 2018 was 371.3 ...

Read More »

JSC Nenskra Hydro Delivers Equipment to the Schools and the Kindergartens in Svaneti

TBILISI(BPI)- JSC Nenskra Hydro, Project Company for the Nenskra Hydropower Plant, has handed over various educational equipment to the local schools and kindergartens in the Nenskra and Nakra River Valleys in Mestia municipality of Svaneti. Namely, 3 schools and 4 kindergartens from the two valleys, have received TV sets, DVD players, audio systems, PCs and so on. According to analysis ...

Read More »

Dimitri Kumsishvili: EU will Allocate Two Budget Support Tranches to Georgia

TBILISI(BPI)- Georgia and EU will sign a new agreement on allocation of new budget support tranches in 2018, Minister of Economy and Sustainable Development of Georgia Dimitri Kumsishvili noted. Namely, 47 million EUR will be allocated for business and economic development promotion, while 50 million EUR will be directed for vocational education and trainings programs (about 50 million EUR). The ...

Read More »

Tamar Alavidze Appointed Acting Director of Anaklia Deep Sea Port Development Agency

TBILISI(BPI)- Tamar Alavidze was appointed acting director of Anaklia Deep Sea Port Development Agency. The agency was created by a resolution issued in March 2017. Its purpose is to monitor an investment agreement on construction, operation and conveyance (BOT) of Anaklia drainage port signed on October 3, 2016 between the coordination of the Anaklia Drainage Port Development Project, the Government of ...

Read More »

Circular Economy-Mapping Session at Impact Hub

TBILISI(BPI)- During the Circular Economy Mapping Week CEC Organizers will voluntarily set up group sessions to map the circular initiatives in their cities (60+city). The overall objective of the session is to bring together circular enthusiasts to discuss and learn about the latest circular initiatives happening in their cities, as well as to map out circular initiatives taking place globally ...

Read More »

CENN Hosts First Steering Committee Meeting and LAG Networking Event Under the EU Supported ENPARD Program

TBILISI(BPI)-On January 31- February 1,in Bulachauri Green Center, CENN organises the first meeting of the Steering Committee established within the ENPARD project and the networking event of the representatives of LAGs in Georgia. The event is taking place under the ENPARD supported project “Optimising the Potential of Local Assets for Rural Development of Keda Municipality”. As a result of intensive ...

Read More »

Giorgi Kvirikashvili – “Georgia Enters the Phase of Practical Implementation of Trade Agreements Signed by the Country”

TBILISI(BPI)- Georgia enters the phase of practical implementation of  trade agreements signed by the country, “Georgian Prime Minister Giorgi Kvirikashvili said at the government session today, summarizing the results of the World Economic Forum in Davos. According to the Prime Minister, Georgia is considered by more and more  companies as a place of  regional representation in the South Caucasus. “We ...

Read More »

Deputy Minister of Economy about the contract with Gazprom

TBILISI(BPI)- According to Giorgi Chikovani, the Deputy Minister of Economy of Georgia, in 2018 Georgia has  no plans to purchase gas in Russia, since Azerbaijan entirely meets the country’s demand. He stated this in response to accusations of the opposition who argued that Georgia does not buy gas in Russia because the government does not have enough money to purchase ...

Read More »

To Catch up and Surpass Belarus

TBILISI(BPI)- According to IMF Forecast, by 2022 Georgia will Go Richer of Albania and Bosnia and Catch up Belarus. According to International Monetary Fund (IMF), Georgia’s GDP per capita will exceed 4.123 USD in 2017. As a result, for the first time in the 21st century, Georgia will move to the first place in the South Caucasus Region and surpass ...

Read More »