Prime Minister of Georgia: Together with Azerbaijan we are developing different initiatives. For example, I want to mention the Black Sea Submarine Electric Cable

Published in Politics
Friday, 20 January 2023 12:32

Irakli Garibashvili, Prime Minister of Georgia participated in a Panel Discussion on Eurasia Middle Corridor: From Pathway to Highway, held within the scope of 2023 World Economic Forum in Davos today.

“First of all, thank you very much for organizing this panel. This is very important. You mentioned the war in Ukraine. It is catastrophic for the entire region. Of course, it affects us as well. I think this war has shown us that countries and nations need to diversify their economies. I think before the war less countries paid less attention to the Middle Corridor, but after the war the attention is growing. It is increasing. So, therefore, as President Aliyev has mentioned, I also want to repeat that we have an excellent relationship with Azerbaijan, with Kazakhstan; with Turkey we have a strategic partnership. And, I think, the chemistry is here and we have a strong foundation to work together” it was stated by Irakli Garibashvili, Prime Minister of Georgia at a Panel Discussion on Eurasia Middle Corridor: From Pathway to Highway, held within the scope of 2023 World Economic Forum in Davos today.
As the Head of Government of Georgia noted, the country is investing heavily in its infrastructure.
“We in Georgia are investing heavily in infrastructure right now. First of all, I want to mention that we are building highways, which will be completed by the end of 2024. We are spending 2 or 3 BLN USD to complete this highway. Of course, this will facilitate transportation. Secondly, I want to mention the ports.
Port capacity of the Black Sea of Georgia is quite big, but we need to increase it. Therefore, I want to mention one particular project, which is Anaklia Deep Sea Port. We have decided that the Government of Georgia will start the construction of this port. 51% of this port or consortium we want to build will be owned by Georgia – by the Government of Georgia. The rest – 49% – will be put on an international tender. We are talking with many potential investors about this. Now, why are we doing this? Why do we want to build this port? President Aliyev mentioned about the increase of capacity of Azerbaijani ports. I think Kazakhstan has the same intention. So, Georgia now has a capacity of about 550 000 TU in Poti Port, around 200 000 in Batumi Port. This is not enough. So, that is why we want to implement this project” added the Prime Minister of Georgia.
The Head of Government of Georgia focused on the Black Sea Submarine Electricity Cable, as an ambitious project, thereby referring to it as a very interesting initiative.
“Thirdly, I want to mention that we are together with Azerbaijan in developing different initiatives. For example, I want to mention the Black Sea Submarine Electric Cable, which is also very interesting. We are doing this together with Azerbaijan, Romania and Hungary. This initiative is backed by the European Union. In fact, we were in Bucharest in September, where we signed a Memorandum. All 4 countries will implement and invest in this – I would say – ambitious project. But this is very interesting. And, therefore, we must be ready for the increased flow of goods. I also want to mention that this corridor and this route is the shortest to connect Asia with Europe. For example, trains from China can come to Georgia within 15 days, maximum 20 days. Compared to transportation by sea, it takes 45 days, right? So, therefore, this is a very interesting, very important corridor. Of course, all these countries are definitely motivated and determined to develop this corridor” noted Irakli Garibashvili.
The Head of Government of Georgia, similar to other panel participants, responded to the questions posed by Mirek Dušek, Managing Director of the World Economic Forum (WEF).
According to the Prime Minister of Georgia, the country is modernizing its railway. Besides, the Baku-Tbilisi-Kars (BTK) Project is underway.
“We are talking about the highways and railways. Right now our railway capacity in Georgia is 25 million tons. We are now implementing the modernization of our railway. It will be completed by the end of 2024. Capacity will be about 48 million tons. Besides that, together with Azerbaijan, we are now building a Baku-Tbilisi-Kars railway. In fact, several months ago, Azerbaijan provided additional funds to complete this project. So it will also be ready by 2024. This is another 5 million tons of cargo. So, these are strategically very important projects.
I also want to mention the relationship between Azerbaijan and Georgia. This relationship is tested and reliable. We have implemented very important, historic projects together, such as the oil and gas pipelines. Now comes this railway project and many others which will come in the future” noted the Prime Minister of Georgia.
Press Service of the Government Administration

Prime Minister Irakli Garibashvili to participate in World Economic Forum in Davos

Published in Economics
Tuesday, 17 January 2023 11:24

Georgian Prime Minister Irakli Garibashvili, accompanied by a delegation, has departed for Switzerland where he will participate in the annual World Economic Forum to be held in Davos.

Within the scope of the visit, the Head of Government will hold high-level bilateral meetings both with global leaders and the executives of large international companies.
The Prime Minister is scheduled to deliver speeches at panel discussions.
Led by the Prime Minister, the Georgian delegation consists of Vice Prime Minister/Minister of Economy and Sustainable Development Levan Davitashvili, Foreign Minister Ilia Darchiashvili, Head of the Government Administration Revaz Javelidze, and the Prime Minister’s Special Advisor for Foreign Investments Vazil Hudak.
Press Service of the Government Administration

 

GLOBALink | WEF president optimistic about China's economic outlook

Published in CHINA
Monday, 25 July 2022 17:23

"China's role in securing global growth has been incredible ... What happens in China economically has a huge impact on the rest of the world, and that will continue because it is the second largest economy," said World Economic Forum President Borge Brende.

by Martina Fuchs

GENEVA, July 25 (Xinhua) -- World Economic Forum (WEF) President Borge Brende said on Thursday that he was optimistic about the economic outlook for China in the medium and long-term.

"We are expecting that the measures taken by China and the Chinese authorities will lead to a revival of growth" and are optimistic about the medium- and long-term economic development in China, Brende said, adding that as for the rest of the world, "the coming year is going to be a bumpy year."

The WEF president made the remarks as data from the National Bureau of Statistics (NBS) showed on July 15 that China's gross domestic product (GDP) expanded 2.5 percent year on year in the first half of 2022.

"The global recovery is slowing and it is now becoming a weaker and weaker recovery. This is also influencing the Chinese economy that is growing more slowly," Brende, a former minister of foreign affairs of Norway, said via a video conference.

According to the International Monetary Fund (IMF), global growth is projected to slow from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023, 0.8 and 0.2 percentage points lower for 2022 and 2023 than the global lender projected in January.

​Ilia Darchiashvili has met with his Finnish counterpart

Published in Politics
Wednesday, 25 May 2022 15:11

Within the framework of the World Economic Forum in Davos, the Minister of Foreign Affairs of Georgia, Ilia Darchiashvili met with his Finnish counterpart, Pekka Haavisto.
At the meeting, the sides reviewed the agenda of cooperation between the two countries.
The Ministers stressed that Georgia-Finland cooperation has been successfully developing for over 30 years since the establishment of diplomatic relations between the two countries.
Special attention was paid to Georgia's European integration as the main direction of the country's foreign policy. Ilia Darchiashvili thanked his Finnish counterpart for his strong support for Georgia's sovereignty and territorial integrity, as well as for the country's European aspirations, and stressed the importance of international support in the difficult security environment in the region and in the world in general.

MFA of Georgia

Prime Minister’s Comment

Published in Politics
Friday, 20 January 2017 16:55

Prime Minister Giorgi Kvirikashvili summarized the Georgian delegation's participation in the World Economic Forum in Davos and commended the results as successful.
According to the Head of Georgian Government, meetings were held heads of states and governments and leading global companies. Giorgi Kvirikashvili expressed hope for tangible results in the nearest future.
"During our two-day visit, we had many interesting meetings. I am pleased to inform you that, at yesterday's business launch, the President of the International Monetary Fund made a very optimistic forecast, which is very important to us. We had meetings with heads of states, prime ministers, and investors, whom we provided with information about our country. As you know, agreements are rarely signed in Davos. As a rule, information is exchanged and plans are made for further action. Georgia has very good chances of becoming a regional center of operations for many companies, which was actually pointed out by everyone we have met so far. We had meetings with service companies, manufacturers, and many are already taking interest in Georgia. We believe that we will soon have tangible results," Giorgi Kvirikashvili told the press.
The Prime Minister of Georgia continues a series of meetings at the World Economic Forum in Davos.

Giorgi Kvirikashvili met with Philipp Rösler

Published in Politics
Friday, 20 January 2017 10:45

Georgian Prime Minister Giorgi Kvirikashvili met with Philipp Rösler, Head of the Center for Regional Policies of the World Economic Forum in Davos. The parties discussed the importance of the World Economic Forum, with its participating countries, including the Georgian delegation led by the Prime Minister.
Giorgi Kvirikashvili emphasized Georgia's investment opportunities and thanked the organizers of the forum for invitation, also expressing hope that the bilateral meetings at the World Economic Forum in Davos would bring about greater foreign investments.
In 2011-2013, Philipp Rösler served as Germany's Vice Chancellor and Minister of Economics. 

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