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Tag Archives: armenia

Friendship Bridge to Be Built between Georgia and Armenia

Friendship Bridge to Be Built between Georgia and Armenia

The construction of the Friendship Bridge linking Georgia and Armenia will start in 2017. Today Georgian Prime Minister Giorgi Kvirikashvili and Armenian President Serzh Sargsyan visited the territory allocated for the construction of the new bridge. The construction of the bridge, expected to be completed in under two years to …

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EBRD to Allot 6 million EUR to Georgia for Constructing Bridge with Armenia

EBRD to Allot 6 million EUR to Georgia for Constructing Bridge with Armenia

European Bank for Reconstruction and Development (EBRD) plans to finance modernization and reconstruction of Georgia-Armenia frontier point. The loan agreement for Bagratasheni bridge construction on Georgia-Armenia border was signed on November 23, 2012. Under the agreement, EBRD will allocate 10.3 million EUR to Armenia, while EBRD is discussing issue of …

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PSP Group to Double Turnover in Armenia with 2% Market Ratio

PSP Group to Double Turnover in Armenia with 2% Market Ratio

PSP Group plans to double turnover in Armenia in 2017 and take  control over 2% of the Armenian market. Currently, Armenia’s medications turnover makes up 100 million USD and PSP’s ratio accounts for 1 million USD, the company founder Kakha Okriashvili told the Business Contract news portal. Long-term procedures should …

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Georgia is Advanced by 7 Places in the Global Competitiveness Index

Georgia is Advanced by 7 Places in the Global Competitiveness Index

Georgia improved position by 7 places in the Global Competitiveness Index and ranks as the 59th by 4, 32 points. According to Global Competitiveness Index, Georgia and Azerbaijan has improved the positions most of all in the Eurasian region. “It is expected, that both countries might fix economic growth of more …

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EU-Eastern Partnership Single Economic Zone on Horizon?

EU-Eastern Partnership Single Economic Zone on Horizon?

Foreign ministers of member states of the EU and the Eastern Partnership program are expected to discuss the prospects of creating a single economic space during an informal meeting September 3, 2016 in Bratislava, Slovakia, the Foreign Ministry of Ukraine told Trend. Earlier, Ukrainian Foreign Minister Pavlo Klimkin said that …

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Armenia’s Economic Activity Index Shows Record Decline

Armenia's Economic Activity Index Shows Record Decline

Armenia’s economic activity index decreased by 4.7 percent in July 2016 compared to the same period of 2015. This is a record figure, Aysor.am reported citing Haykakan Zhamanak newspaper. A decline in the country’s economic activity has not been observed yet in 2016, according to the newspaper. Just two weeks ago, Armenia’s …

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Number of Visitors is Increased by 19.9% Through 6 Months

Number of Visitors is Increased by 19.9% Through 6 Months

2 636 313 visitors were visiting Georgia through 6 months, the growth made up 12,9% compared to the previous year. Number of tourism visits is increased by 18,1%, which has constituted 1 011 680. International visits by the pace (January-June, 2016) Visit Type 2015: 6 months 2016: 6 months Change Change …

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Georgian Mushrooms Exported to Dubai and Armenia

Georgian Mushrooms Exported to Dubai and Armenia

The new enterprise of mushroom processing company “Tetri Qudi” will start its operations before Autumn. According to the company director Vano Ioseliani stated to “Business Press News” that at this stage according to the project the construction works are in the process. The total value of the investment carried out in …

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Armenia Airline Founded by Georgian Businessman Operated its First Flight to Tel-Aviv

Armenia Airline Founded by Georgian Businessman Operated its First Flight to Tel-Aviv

The recently-established Armenia airline operated its first flight to Tel-Aviv, Israel, on April 21. The scandal involving Armenia airline has escalated in the local  media. The creation of the new carrier by Tamaz Gaiashvili, a founder of the Georgian airline Airzena, and the Georgian citizen Robert Oganesyan  has caused the big resonance in the Armenian media …

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Chinese Tourists Set for Visa Free Entry to Georgia

Chinese Tourists Set for Visa Free Entry to Georgia

The tourist groups from China will be able to enter Georgia without a visa. This information was provided by Giorgi Chogovadze, who is the head of National Tourism administration. “With the collaboration of China’s tourism agency, we have created a group that will work for the two-year working project. We are …

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