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Tag Archives: Kazakhstan

Agreement is Achieved on Georgia’s Debt Towards Kazakhstan

Agreement is Achieved on Georgia’s Debt Towards Kazakhstan

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 …

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Kumsishvili Expects new Kazakh Investments in Georgia

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 …

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Competitive Fare to be Introduced on Trans-Caspian International Route

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 …

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Countries of Trans-Caspian Route are Working on the Joint Route

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 …

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Azerbaijan, Kazakhstan, Georgia Creating Transportation Consortium

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 …

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Ukraine Formally Joins Trans-Caspian Int’l Transport Route

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 …

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Azerbaijan, Lithuania Sign Agreement on Cargo Transportation

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 …

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Air Astana Airline to Offer Georgian Wines to Passengers Onboard

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 …

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Georgia Reaps the benefits of $20 million USD

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 …

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Georgia Might to Become Participant of Multimodal Transport Corridor

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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