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Georgia on 7th Place in World Bank Doing Business 2020 Ranking

Georgia on 7th Place in World Bank Doing Business 2020 Ranking

Georgia ranked the 7th place in the Ease of Doing Business 2020 among the 190 countries covered by the World Bank Group annual report. Compared to the previous year, Georgia’s ranking has been worsened by one position, as the country ranked sixth in the 2019 report. In 2020 report Georgia has 83.7 scores, improved by 0.2 […]

Alexander Benard: Here is the Best Business Environment in the Region and the Opportunities are Vast as Well

Alexander Benard: Here is the Best Business Environment in the Region and the Opportunities are Vast as Well

Within the frames of the Tbilisi Silk Road Forum, representatives of the leading international organizations and private companies continue to evaluate Georgia’s investment market. At the Panel “Facilitating Impact Investment”, the Senior Managing Director of Cerberus Frontier, Alexander Benard, highlighted the company’s interest in Georgia and the country’s business-friendly sectors. The representative the American so-called […]

Trammo Senior Vice President: Georgia is Comfortable in Terms of Ease of Doing Business

Trammo Senior Vice President: Georgia is Comfortable in Terms of Ease of Doing Business

William Markstein, the Senior Vice President and the Chief Financial Officer of the Trammo, at the Tbilisi Silk Road Forum Panel Discussion: Invest2Succeed, Session I – Georgia Rising – Facilitating Impact Investment, talked about the prospects of establishing logistic hub in Batumi. William Markstein explained that he meant the freight transportation from Central Asia to […]

Natia Turnava Introduced Attractive Sectors for Business Development at Tbilisi Silk Road Forum

Natia Turnava Introduced Attractive Sectors for Business Development at Tbilisi Silk Road Forum

“Georgia’s economy is a rapidly growing economy in the region, which provides many businesses opportunities for further growth. Our advantageous geopolitical location creates many opportunities to develop transport and logistics services. Here I would like to emphasize the synergy that exists between the public and the private investments, the huge public investments allocated to improve […]

Wang Lei: Georgia Tries to Become Guaranteed and Safe Supplier of Natural Gas to European Countries

Wang Lei: Georgia Tries to Become Guaranteed and Safe Supplier of Natural Gas to European Countries

Wang Lei, Vice President of China Tianchen Engineering Corporation (TCC), within the frames of the Tbilisi Silk Road Forum, talked about modern energy supply trends, Georgia’s energy potential and joint projects that are being implemented in the country in this regard. “Next century, natural gas will be more important to the electricity sector since not […]

Infrastructure Minister on Tskaltubo Project: Revived Resort will Bring Unprecedented Effect onto Our Region

Infrastructure Minister on Tskaltubo Project: Revived Resort will Bring Unprecedented Effect onto Our Region

“I would like to welcome this initiative and stress its special importance and unprecedented scales of charity”, Minister of Regional Development and Infrastructure Maia Tskitishvili commented on the initiative that ex Prime Minister Bidzina Ivanishvili introduced for rehabilitating and reviving the resort of Tskaltubo, Imereti Region. “For decades Tskaltubo failed to return the function that […]

Two years on, Baku-Tbilisi-Kars Railway Line Carries 275,000 tons of Freight

Two years on, Baku-Tbilisi-Kars Railway Line Carries 275,000 tons of Freight

The railway line connecting Turkey, Azerbaijan and Georgia, establishing a freight and passenger link between Europe and China, has carried 275,000 tons of freight since it was launched in October 2017, Turkey’s transport and infrastructure minister said. Cahit Turhan’s remarks come on the occasion of the second anniversary of the inauguration of the Baku-Tbilisi-Kars (BTK) […]

Georgia Launches Direct Charter Flights to Bangkok

Georgia Launches Direct Charter Flights to Bangkok

Air company Thai Air Asia X is starting direct charter flights Bangkok – Tbilisi from December 28. The charter flights will be performed with Airbus 330 type aircraft three times per week for a period of three months. Today the air company representatives had their first working meeting with the managements of TAV Georgia and […]

EBRD Approves $60 Million for Kvesheti-Kobi Project

EBRD Approves $60 Million for Kvesheti-Kobi Project

The European Bank for Reconstruction and Development (EBRD) approved  $ 60 million financial resources to co-finance the construction of a 9km tunnel located on the Jinvali-Larsi Road (North-South Corridor). According to the Ministry of Infrastructure of Georgia, the Asian Development Bank (ADB) has already allocated a $415 million for construction of Kvesheti–Kobi road and tunnel, […]