In January, 2018 trade turnover with EU countries increased by 6.6 percent year-on-year and amounted to $211.5 million, shows the preliminary data from the National Statistics Office of Georgia.
Archives for Caucasus
American oil company ExxonMobil became a shareholder of BTC Co., which manages the Baku-Tbilisi-Ceyhan oil pipeline, reads BP's report on the results of activities in Azerbaijan in 2017. ExxonMobil acquired 2.5 percent of BTC shares from CIECO.
A new company will be created for implementation of the Ionian Adriatic Pipeline (IAP) project, according to a letter of intent signed by Plinacro (Croatia), Albgaz (Albania) and Montenegro Bonus (Montenegro), Azerbaijan’s state oil company SOCAR acts as one of the technical consultants for IAP.
Georgia’s economic activity performed better than expected, concludes the International Monetary Fund mission, which visited Georgia last week to discuss recent economic and financial developments and progress in structural reforms.
World leading Swiss rail company Stadler Rail AG will construct a carriage-building and repair plant in the outskirts of Tbilisi, Georgia.
Azerbaijan offers German companies to create a joint enterprise in the framework of SOCAR Polymer petrochemical project.
The United States Agency for International Development (USAID) is launching a new three-year energy program in Georgia to support the development of energy market in the country.
The United States Agency for International Development can allocate $3.6 million worth funds to Azerbaijan in 2019 for financing a range of projects, according to the draft budget of the US State Department and USAID.
On February 2, the European Union and the World Bank jointly launched the Economic Policy Support Project, which aims to boost economic growth and increase incomes for the citizens of Belarus.