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Monthly Archives: March 2016

U.S. Says to Expand Military Cooperation with Georgia

Soldiers Georgian

The United States will increase participation in joint military drills with Georgia this year, visiting U.S. European Commander Philip Breedlove said here on Wednesday. “This May the Noble Partner 2016 military exercise will bring Georgian, U.S., and UK soldiers together for three weeks to test our respective NATO Response Force …

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Revenues from Shah Deniz Project Revealed

Shah Deniz

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the implementation of the project for developing the country’s Shah Deniz gas and condensate field from 2007 to March 1, 2016, totaled $2.457 billion. SOFAZ received $18 million from Shah Deniz project in January-February 2016 and $14 million of …

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Southern Gas Corridor Sells $1 bln Eurobond: Reuters

Azerbaijan’s Southern Gas Corridor company has sold $1 billion in a 10-year Eurobond, the finance ministry said on Thursday. “Demand for the Azerbaijan’s Southern Gas Corridor bond was secured in a great part by investors from the United States and Great Britain,” the ministry said in a statement. The Eurobond …

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Azerbaijan Places Bonds for Southern Gas Corridor With Almost 7% Yield

Southern Gas Corridor

Azerbaijan’s Southern Gas Corridor Company printed its $1bn 10year bond on Thursday 80bp back of the sovereign curve, benefiting from an explicit state guarantee, Global Capital agency reported. Initial price thoughts for the 10 year bond were released at 7% yield area on Thursday morning, but leads UniCredit, Citi and …

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Foreign Citizens to Easier Register Businesses in Georgia

The National Agency of Public Registry (NAPR) offers simplified services to foreign citizens. Namely, the bodies engaged in production and distribution of various goods or labor migration activities will be able to fill out an obligatory questionnaire in the English language. The NAPR has already integrated the Georgian-English questionnaire in …

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Georgia Hosts Giorgi Tevzadze 2016 Cup Tournament in Drifting

Giorgi Tevzadze 2016 Cup Tournament in Drifting

On March 27, 2016 NeedForDrive.com (the social network of vehicle owners and motoring fans) and the Giorgi Tevzadze and Friends charity foundation will hold the Giorgi Tevzadze 2016 Cup Tournament in drifting. The event will be held by support of Rustavi International Motorpark. Both professional and amateur racing car drivers …

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Korean Company to Make Investments in Georgian Power Sector

Korean Company to Make Investments in Georgian Power Sector

Korea Hydro & Nuclear Power (KHNP), a Korean power company, is interested in making investments in Georgia. The company delegation has visited the Georgian Partnership Fund to receive information on the current situation in the Georgian power sector. According to the Georgian Partnership Fund, Korea Hydro & Nuclear Power (KHNP) …

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The MP Invited Belarusian Investors to Georgia

The MP Invited Belarusian Investors to Georgia

Georgia, as a reliable trade and investment partner – has been the main theme of Georgian MP George Kvirikashvili’s speech at Georgian-Belarusian Business Forum, held in Minsk. George Kvirikashvili has provided sufficient information about Georgia to the investors. He mentioned attractive investment environment of the country, FTA and GSP with …

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Textile is Considered as the Number one Exporting Product from TFZ

Textile is Considered as the Number one Exporting Product from TFZ

General director of “Georgian Technology Park”, administrator company of Tbilisi Free Zone, does not specifies interested pharmaceutical and companies of light industry, but he has accurate news on the success of negotiations. George Tabidze has declared about the interests of leading companies and stimulations of exports of the produced products …

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TBC Bank Named the Best Bank in Georgia 2016 by Global Finance Magazine

TBC Bank Named the Best Bank in Georgia 2016 by Global Finance Magazine

TBC Bank has been named the Best Bank in Georgia 2016 by Global Finance magazine in the publication’s exclusive survey, the World’s Best Emerging Markets Banks 2016. This is the fifth consecutive and eighth total win for TBC Bank in the Best Bank category. Criteria for selection included growth in assets, profitability, strategic …

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Georgia to Begin Anti-hail Rockets Production

Georgia to Begin Anti-hail Rockets Production

From the next week the anti-hail rockets production process will begin in Georgia. Military Scientific Technical Centre ,,Delta” moves on local production. As is was stated at the company till today Georgia was buying anti-hail equipment from Macedonia and Bulgaria. “Import will be replaced, as the company will itself produce the anti-hail …

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