The negotiations have been productive within the frame of Economic Commission, – Economy Minister Dimitri Kumsishvili has declared while delivering a speech at Countries Intergovernmental Commission. According to him, the sides have agreed on such issues which have been unsolved for along time. One of them is Georgia’s debt towards …
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Global Economic Prospects: Europe and Central Asia
The slump in oil prices is increasing pressure on key oil exporters, including Azerbaijan, Kazakhstan, and Russia. Recent data point to continued weakness across much of the region. Exchange rates have come under pressure, and in some countries, non-performing loans have ticked upwards or remain at elevated levels. High inflation …
Read More »Kumsishvili Expects new Kazakh Investments in Georgia
“Kazakhstan is and will be our strategic partner”, – Dimitri Kumsisishvili, Vice Premier of Georgia has declared at the opening of Kazakh – Georgian business Forum. Minister of Economy expects implementation of new investments as a result of business forum organized by Forbes Georgia and Forbes Kazakhstan. “We have discussed …
Read More »Wines of Teliani Valley Have Been Awarded With Silver and Bronze Prizes at IWC
Teliani Valley announced about the another recognition of its wines. The wines have been awarded with silver and bronze prizes at the wine content International Wine Challenge (IWC) 2016. However, Rkatsiteli Pitch 2012 and Kindzmarauli 2013 have been awarded with silver prizes, while Tsinandali 2013 – bronze prize. It should be …
Read More »Competitive Fare to be Introduced on Trans-Caspian International Route
A single competitive rate will be introduced in the framework of the of Trans-Caspian international transport route project from June 1, 2016. The Trans-Caspian international transport route (TITR), which is designed to provide transport connections between the East and West of Eurasia, will enable the countries to reduce the costs …
Read More »Countries of Trans-Caspian Route are Working on the Joint Route
Countries of Trans-Caspian transportation route are working to make effective steps in order to rise competitiveness, one of the most important, along with the infrastructure are joint competitive tariffs. Members of working group have already discussed tariff issue in Baku, – news agency Trend reports, relying on Nadir Azmamedov, head …
Read More »Azerbaijan, Kazakhstan, Georgia Creating Transportation Consortium
Azerbaijan, Georgia and Kazakhstan agreed to create the International Trans-Caspian Transportation Consortium, said Nadir Azmammadov, spokesman for the Azerbaijan Railways CJSC, speaking to Trend Apr. 13. The agreement to create the consortium was signed today in Baku during a meeting of the operator companies engaged in cargo transportation via the …
Read More »Ukraine Formally Joins Trans-Caspian Int’l Transport Route
Ukrainian Railways Company Ukrzaliznytsia is drafting a proposal for joining the project of transporting containers via Trans-Caspian International Transport Route connecting Europe with China via Azerbaijan and Kazakhstan. The company has been holding respective talks in the framework of the permanent coordinating committee of Trans-Caspian International Transport Route. The next step …
Read More »Azerbaijan, Lithuania Sign Agreement on Cargo Transportation
ADY Express LLC, which is engaged in multimodal cargo transportation in Azerbaijan, and the Lithuanian Railways JSC have signed an agreement in Vilnius on cargo transportation between the two countries, head of the press-service of the Azerbaijan Railways CJSC Nadir Azmammadov told Trend Apr. 4. He said that the agreement …
Read More »Air Astana Airline to Offer Georgian Wines to Passengers Onboard
Air Astana, the national airline of Kazakhstan, plans to include Georgian wines in its onboard services so as onboard passengers be able to taste Georgian wines. This campaign will be carried out as part of the Georgian Wine Week that is underway in the VIP Hall that was recently unveiled …
Read More »Georgia Reaps the benefits of $20 million USD
According to the data provided by National Wine Agency, in the first two month of 2016 Georgia exported 4,531,556 bottles of wine to 21 countries, which generated $10.75 million USD income for Georgia. Wine exports and brandy to markets all over the world increased the total revenues significantly in Georgia …
Read More »Georgia Might to Become Participant of Multimodal Transport Corridor
Representatives of Azerbaijan, Kazakhstan, Iran, Georgia and Turkmenistan have covered the prospects of development of multimodal transport corridor East-West. Heads of railway and maritime transport of 5 countries took part in the meeting. In particular, they discussed such issues as the reviewing of the existing transport infrastructure of the region, …
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