BTK: A train pulling thirty 20-foot containers of wheat has arrived in the Turkish city of Mersin…
Georgia
Business news and investment opportunities in Georgia
STATS
Source: World Bank
Currency: Georgian lariGDP: 17.6 billion USD (2018)
GDP per capita: 4,717.14 USD (2018)
GDP growth rate: 4.8% annual change (2018)
GNI per capita: 11,500 PPP dollars (2018)
Gross national income: 42.91 billion PPP dollars (2018)
Internet users: 60.49% of the population (2017)
Deutsche Bahn agrees to test drive new South West transport corridor to Iran
Deutsche Bahn, one of the world’s largest transport companies, has agreed to test drive the new…
Georgian tourist industry looks to Middle East for investment
Georgian tourist industry; A combination of tax reforms, less red tape and the upgrading of the nation’s infrastructure…
Iran and Azerbaijan agree new Caucasus transit route around Turkey
Caucasus transit route: The authorities in Tehran and Baku are working on the creation of a new transit…
Regular Ukraine-China rail link due to start operating next month
Ukraine-China rail link: Freight trains will start operating a regular service between Ukraine and China next month,…
First container train leaves Odessa on Silk Road intermodal route to China
A container train was loaded onto a ferry at the Black Sea port of Odessa last week in a…
Trans-Caspian International Transport Route (TITR) tariff protocol signed
TITR tariffs: At a meeting in Baku yesterday, representatives from the the state-run railway operators from…
Ukraine to test Trans-Caspian International Transport Route to China
Trans-Caspian International Transport Route (TITR): Next Friday, a container train is due to be loaded on…
Trans Caspian transport consortium to operate TITR from China to Europe
At a meeting in Istanbul last week, major transport and logistics operators from Turkey, Kazakhstan, Azerbaijan and…
Georgia top Eurasian country in WB Doing Business 2016 rankings
Georgia has the most conducive business environment in Eurasia, according to the World Bank’s Doing Business 2016…
Turkcell contemplates further Eurasian expansion
Turkish mobile phone operator Turkcell this week confirmed that it was considering buying out its partner…
Baku ‘missing piece’ in East-West transport jigsaw
Baku will become a key link in the transport network linking Asia top Europe once Azerbaijan completes its section of…
Central Asian economies slowing down, IMF predicts
Central Asian economies: The IMF today corroborated concerns voiced by the EBRD earlier this week that…
AIIB Asian Infrastructure Investment Bank admits five new member states
AIIB, the newly formed Asian Infrastructure Investment Bank, has formally welcomed Brazil, Georgia, Finland, Denmark and…
Georgian hydroelectric power station contract put out to tender
Georgian hydroelectric power station: The contract for a feasibility study and the construction, ownership and operation of…
Turkmenistan and Georgia discuss transport corridor between Black and Caspian seas
Turkmenistan and Georgia: At a meeting in Bishkek this week, Turkmenistan’s President Gurbanguly Berdymukhamedov and his Georgian…
Saipem-Azfen JV wins $735m pipeline contract
Saipem-Azfen JV: The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium have awarded a new…
Kazakhstan to use Baku-Tbilisi-Ceyhan pipeline
Baku-Tbilisi-Ceyhan pipeline: Some of the oil from Kazakhstan’s Kashagan field is to be pumped through the Baku-Tbilisi-Ceyhan pipeline through…
Ivanishvili sets up Georgian development bank
Georgian development bank: Former prime minister and billionaire Bidzin Ivanishvili has announced that he intends to…