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Economic relations with Russia overshadowed by renegotiation of gas transit

Economic relations with Russia overshadowed by renegotiation of gas transit

The dominant topic in Georgia’s foreign economic relations in recent months was the renegotiation of terms for Russia’s gas transit to Armenia. Moscow is using a pipeline running through Georgia north-south to supply Armenia with natural gas, with Tbilisi receiving ten percent of the gas transported through the pipeline as a transit fee since 2007. […]

Georgia strengthens Silk Road economic links

Georgia strengthens Silk Road economic links

On 16 January 2017 Georgian Economy Minister Giorgi Gakharia signed a Memorandum of Understanding (MoU) on “Strengthening the New Silk Road Initiative” with Zhang Yuzhou, CEO of CEFC China Energy Company Limited. The corporation has a business interest in energy and financial services and intends to purchase 75 percent of shares in Poti Free Industrial […]

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