Press & Information

Construction of Baku-Tbilisi-Kars Railway to be Finished by the End of 2015
26 January 2015
Georgia plans to establish more than ten large-scale projects in 2015. The country currently relies on its neighbouring countries as its main donors of FDI. Meanwhile there will be an inevitable impact of the ongoing crisis in the region on Georgia. Having aEuropean political system and institutions in placeis the main strategy of the Georgian Government for neutralizing these foreign risks. “We are going to implement several huge projects thisyear. Artificial lakes will be constructed together with a biathlon track in line with ski resorts. Together with private investors the Government will be developingthe Kokhta-Mitarbi Alpine village. The introduction of artificial snowwill be carried out in Svaneti. This requires advance and accurate study and will start in 2015. Investment from the state will be provided for summer attractions as well. The selection process atAnakliaPort will be completed this year. The selected investors will then begin work from the spring or summer of 2016. Works on the Baku-Tbilisi-Kars railway will continue. The main works are to be completed by the end of 2015.The remaining large-scale projects will be in infrastructure. Competitions will be announced for the construction of a controlled-access highway at Rikoti Pass. It will be a shared project between the Government and private sector. Feasibility of the Mleta-Kobi tunnel will also be announced. And there will be additional projects in the tourism and public transportation directions...
Euroconvention Global: “Georgia has the Unique Possibility to Benefit from the Disagreements Between its Neighbours”
19 January 2015
The FINANCIAL -- “Georgia has the unique possibility to benefit from the disagreements between its neighbours and to establish itself as a regional hub and oasis of stable economic and political environment. This can only add to the geographical attractiveness of the country and attract more foreign capital and business interests...
South-South Asia-Pacific Finance Center Looking For The Opportunities In Georgia
12 January 2015
The FINANCIAL -- The South-South Asia-Pacific Finance Center is looking for potential projects that may involve investments in Georgia. Its first and the possible partner can be Rustavi Steel. The negotiations between the sides have already started. The representatives of South-South Asia-Pacific Finance Center believe that there are lots of opportunities in Georgia and they have positive feelings about the country's economical development. “We are meeting with the representatives of Georgian government to catch their views about the foreign investments and cooperation...
The New Year Charm of Georgia’s Winter Resorts
08 January 2015
Georgia’s active winter resorts of Bakuriani, Gudauri and Mestia are hosting more and more visitors every year. Their geographically favorable location, numerous peaks and mountains of the Caucasus leave unforgettable impressions on those who visit Georgia’s ski resorts. Georgia is among the small number of countries where it is officially allowed to ski from a high mountain on non-pressed snow. Those of a less extreme persuasion can conquer ski routes of different difficulty levels with quads or sledges instead...
The Georgian Holidays: What You Need to Know
25 December 2014
The long-awaited holidays are just around the corner with a sackful of new experiences, plans and surprises for us all. If you are familiar with Georgian culture, it will be no surprise to hear that the Georgians can- and do- turn any holiday celebration into a feast...
Exclusive with David Narmania: Tbilisi on the Way to the City of the Future
25 December 2014
Like the Mayor of London, David Narmania, the Mayor of Tbilisi, has also committed to planting thousands of additional trees in Tbilisi by spring 2015. He has already planted more than 20,000 trees with his co-workers and has managed to attract many volunteers for the initiative. During his first five months in service as Mayor of Tbilisi...
Corporate Governance To Help Georgian Companies Attract Foreign Investors
22 December 2014
The FINANCIAL -- Implementing good corporate governance practices can help Georgian companies attract foreign investors and partners, gain competitive advantage, increase financial returns, and provide shareholders with greater security on their investments...
Bosch Opening A Warehouse in Tbilisi
02 December 2014
The FINANCIAL -- Due to increased construction activities in Georgia, in particular in Tbilisi, Bosch has decided to start operation of a new warehouse in Georgia. The new 1,600 sq.m Bosch warehouse will be opened on 16 December. The warehouse is located near to Tbilisi International Airport on a base belonging to Gebrüder Weiss...
According to the World Bank, Georgia has the highest economic growth
24 November 2014
Nodar Khaduri: Minister of Finance of Georgia “According to the World Bank, Georgia has the highest economic growth. If we have a 6% economic growth, the country holding the second position in our category - Armenia, has a 3.2% growth.” Guram LOBZHANIDZE FactCheck According to the Minister of Fi­nance of Geor­gia...
The Potential of the Georgian Telecommunications Industry
17 November 2014
Georgia could be­come a telecom­munications hub uniting Asia and Europe. Its strate­gic geographical location has contributed to the interest of leading telecommunication companies from Azerbaijan, Germany, Ukraine and Rus­sia. From its side China is of­fering Georgia the opportuni­ty to switch to the “Silk Road Economic Belt”. Meanwhile...