From 28 March, Georgian citizens can travel to the Schengen Zone without a visa
On March 1, 2017, Georgians have been granted the freedom to travel to the Schengen Area member states. The signing ceremony took place in Brussels on the same day, while the regulation will come into full effect on 28 March, 2017.
From 28 March, 2017 Georgian citizens holding biometric passports can travel to the Schengen Zone without a visa for a period of 90 days within any 180-day period for purposes other than working.
The European Commission submitted a legislative proposal on the visa liberalization for Georgia to the European Parliament. It was assumed that visa-free regime would be discussed for both countries as a package, Georgia and Ukraine, but the MEPs (Members of the European Parliament) decided to divide the two countries.
The negotiations on visa liberalization for Georgia started back in 2008 as part of the Eastern Partnership Program.
Georgia took part in the EU-Georgia talks back in June 2012, as a way used by the pro-Western government to win painful EU-sponsored reforms.
In order to travel freely, the citizens of Georgia will need to provide a biometric passport. On the other hand, Georgians will lose this freedom to travel if they:
- Suddenly start making numerous asylum requests
- Stay in the Schengen Zone for more than 90 days at a time
- Cause an increase in the risk of public policy and internal security
If such problems persist, the suspension can be extended up to 18 months, were also the European Parliament will get involved and continue a more complex procedure.
Giorgi Kvirikashvili, Georgia’s prime minister called this a truly historic day for the Georgians and expressed gratitude towards the EU member states.
This has proved to be the day that will bring Georgians closer to the European Union.
A MEETING TOOK PLACE BETWEEN THE PRESIDENT OF TURKMENISTAN AND THE PRESIDENT OF THE EUROPEAN COUNCIL
On September 18, 2023, the President of Turkmenistan Serdar Berdimuhamedov held a meeting with the President of the European Council Charles Michel in New York.
As the head of state noted, Turkmenistan attaches great importance to strengthening friendly ties and constructive dialogue with the EU, which is expanding every year, covering new areas of interaction.
In this context, the successful cooperation of Turkmenistan with this international structure, both in a bilateral format and within the framework of the European Union - Central Asia Dialogue, was emphasized.
The European Union is a long-time partner of Turkmenistan in the implementation of a number of specialized projects and programs aimed at solving priority tasks for the further economic and social development of our country, including in the field of legislation, education, information and communication technologies, agriculture and water management, environmental protection, climate change, the head of state emphasized.
At the same time, it was noted that currently leading European companies are represented in many sectors of the Turkmen economy - in the oil and gas complex, transport, electricity, construction, communications and communications.
During the conversation, an interested exchange of views took place on the prospects for further interaction in the context of its key aspects and the existing diverse potential.
Visa and Rooms Hotels Partnership in Georgia Embarks on New Phase
Tbilisi, Sep 06, 2023 – Visa, the world leader in digital payments, and Rooms Hotels, world known brand in the hospitality industry from Georgia, announced a new stage in their partnership, engaging Visa Consulting & Analytics (VCA) expertise and innovative solutions to support Rooms Hotels.
The new partnership sees VCA playing a key role in providing strategic support to Rooms Hotels by allocating Visa consulting and various other Visa functions in joint projects. The partnership aims at creating exclusive offers for Visa cardholders at Rooms Hotels.
The launch of the new collaboration was marked by the special event held in the Rooms Hotel Courtyard in Georgia’s capital of Tbilisi. The happening featured the representatives of Rooms Hotels and Visa, including Valeri Chekheria, Rooms Hotels Lab CEO, Roberto De Meo, Vice President of Visa Consulting & Analytics, CEMEA, and Diana Kiguradze, Visa Regional Manager for the Caucasus Region.
“Visa Consulting and Analytics (VCA) Team is delighted to partner with Rooms Hotels, a leading hospitality brand in Georgia and a name known worldwide for its portfolio of innovative and design-oriented hotels that cater to different segments of travelers. VCA's rich global expertise, knowledge, unique insights, and local experience can benefit Rooms Hotels with a deeper understanding of the latest and emerging trends, market dynamics and customer needs in the hospitality industry - all of which are critical to further improve offerings and services to most demanding clients,” Roberto De Meo, Vice President of Visa Consulting & Analytics, CEMEA, said.
VCA represents a major source of value for Visa, with experts in strategy, product, portfolio management, risk, digital, and more with decades of experience in the payments industry.
“We are celebrating yet another great milestone in our years-long partnership with Rooms Hotels.Our companies started collaboration 3 years ago, and together, we've redefined what it means to provide remarkable experiences for guests and Visa cardholders. Customers will get more tailored offers and better customer experiences matching their travel profiles and expectations when staying at Rooms Hotels. Visa remains steadfast in fortifying the local business ecosystem in the country and fostering tourism ecosystem development,” Diana Kiguradze, Visa Regional Manager in the Caucasus Region, said.
Valeri Chekheria, Chief Executive Officer. Valeri is a business leader, hospitality consultant and dedicated philanthropist. Before joining Slow end-2021, he led Tbilisi-based Adjara Group building a diverse portfolio of renowned hotels and trend-setting entrepreneurial projects. Prior he served as Chief of Staff to the Georgian Minister of Economic Development and the Minister of Finance. He holds a Master of Public Administration from Columbia University, School of International and Public Affairs. In 2018, Valeri was appointed as Young Global Leader by the World Economic Forum.
About Visa Consulting & Analytics (VCA)
Visa Consulting & Analytics (VCA) is the payments consulting arm of Visa. We are a global team of several hundred payments consultants and data scientists across six continents. Our consultants are experts in strategy, product, portfolio management, risk, digital and more with decades of experience in the payments industry. Our data scientists are experts in statistics, advanced analytics and machine learning with exclusive access to insights from VisaNet, one of the largest payment networks in the world. The combination of our deep payments consulting expertise and our breadth of data allows us to identify actionable insights and recommendations that drive better business decisions.
To learn more about VCA, please visit https://www.visa.com.ge/en_GE/services/visa-consulting-analytics.html
Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.
Learn more at visa.com.ge
War in Ukraine: European Commission to allocate €500 million to urgently boost EU defence industry
The European Commission today adopted the Act in Support of Ammunition Production (ASAP) to urgently deliver ammunition and missiles to Ukraine and to help Member States refill their stocks.
Together with this regulation, the European Commission proposes to allocate a budget of €500 million in current prices to strengthen the EU’s production capacity in ammunition, missiles and their components.
“This will help supply more ammunition for Ukraine to defend its citizens and it will also strengthen our European defence capabilities,” said Ursula von der Leyen, President of the European Commission. “Together with the Member States, we will mobilise a further €1 billion to ramp up capacities across Europe. This is a critical part of Europe‘s strategic capacity to defend its interests and values, and help maintain peace on our continent.”
On 20 March, the European Council agreed on a three-track approach calling Member States to jointly procure ammunition and, if requested, missiles, to refill their stocks while enabling the continuation of support to Ukraine.
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European Commission releases €1.5 billion in macro-financial assistance to Ukraine
Today the European Union is providing another €1.5 billion to Ukraine under its annual macro-financial assistance package.
The European Commission made today a third payment of €1.5 billion under the Macro-financial Assistance (MFA)+ package for Ukraine, worth up to €18 billion.
This support will help Ukraine cover its immediate financial needs: to continue paying salaries and pensions and to maintain basic public services such as hospitals, schools and housing for the displaced. It will also allow Ukraine to ensure macroeconomic stability and restore critical infrastructure destroyed by Russia in its war of aggression, such as energy infrastructure, water systems, transport networks, roads and bridges.
Today’s payment comes after the Commission found that Ukraine continued to make satisfactory progress to strengthen the rule of law, enhance financial stability, improve the functioning of the gas system and promote a better business climate.
This finding will also enable the disbursement of two further monthly payments of €1.5 billion each in May and June.
Overall, since the start of the war, the support to Ukraine and Ukrainians amounts to around €68 billion.
“We will continue helping Ukraine resist Russia’s aggression, keep its institutions and infrastructure running, and conduct crucial reforms,” President of the European Commission Ursula von der Leyen wrote on Twitter.
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Visa and Emerging Europe launch the She’s Next digital community platform for female entrepreneurs
Functioning as a professional social network, the digital platform will unite women leaders from Georgia and the whole region of Eastern and Southeastern Europe, Central Asia, and the Caucasus and provide them with tools for networking, exchanging experiences, and international business expansion.
Tbilisi, 27 April, 2023 - Visa announced the launch of the She’s Next digital community platform for female entrepreneurs from Eastern and Southeastern Europe, Central Asia, and the Caucasus created in partnership with Emerging Europe, a prominent growth hub with thorough expertise in the region. The website launch was announced in Georgia and in this regard, Visa organized an informal meeting with Georgian women entrepreneurs and Visa partners.
At the meeting Visa team in Georgia introduced the opportunities and characteristics of the platform as it is intended to connect businesswomen from various countries and facilitate networking, exchanging experiences, and international business expansion.
“The She’s Next Empowered by Visa initiative is not only about empowerment but about creating a community of motivated and aspiring women,” commented Diana Kiguradze, Visa Regional Manager for the Caucasus. “Hosting events dedicated to female entrepreneurship, we noticed an interesting detail: She’s Next alumni from different countries tended to connect based on shared interests and values. The latest She’s Next research results in Georgia revealed that 82% of Georgian SMBs are eager to join the international community of entrepreneurs. So, we created it for them to share best practices, learn from each other, and grow as leaders. I believe the She’s Next digital community platform will be a real game-changer for all businesswomen from Georgia and the whole region.”
The digital platform includes all functions of a professional social network—a newsfeed, interest groups, and tools for posting and messaging—and will allow female leaders and entrepreneurs to communicate, search for business contacts, suppliers, or investors, and develop their personal brand. All potential platform users will undergo a verification process upon signing up to prevent fraud and ensure they are real persons and reliable partners for cooperation.
The She’s Next digital community platform is open to everyone interested in entrepreneurship, from those with a business idea but no existing business to startup owners and women with well-established enterprises. To learn more and join, please visit https://shesnext.emergingeurope.org/.
Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at visa.com.ge