Time in Tbilisi: May 2, 2024 15:24
Georgia, Kazakhstan, Ukraine and Azerbaijan are joining forces to increase freight turnover, ensure uninterrupted traffic, transit of goods between member countries of the Trans-Caspian International Transport Route (TMTM).
Furthermore, the four countries agreed to expand the geographical area of the routes and enter the European Union (EU) within the TMTM.
The TMTM was established in October 2016 and its activities are aimed at attracting transit and foreign trade cargo, as well as developing integrated logistics products via the Trans-Caspian International Transport Route.
The Trans-Caspian International Transport Route runs through China, Kazakhstan, Azerbaijan, Georgia and then through Turkey and Ukraine to Europe.
Yesterday heads of all four countries’ railway administrations met with the Prime Minister of Ukraine Volodymyr Groysman, where the future plans of the TMTM was discussed.
The railway authorities claim it is important to create favourable conditions for transport service consumers in order to raise the competitive advantage of the TMTM in the corridor.
Georgia will play an important transit role connecting China, Turkey and Europe via the Trans-Caspian international transport route which runs through China, Kazakhstan, Azerbaijan, Georgia and then through Turkey and Ukraine to Europe.
The first ever professionally completed map of the historic railway line linking Georgia with Azerbaijan and Turkey has been published to celebrate the anniversary of the birth of the Georgian national railway.
Georgia and Armenia are jointly looking at ways to better harmonise the international transit corridor through Georgia – the E60 Highway – to ensure swift, efficient transporting of goods via European standard rods.
Georgia is celebrating the 20th anniversary of the Baku-Supsa project with Azerbaijan – the "project of the century” that transfers oil from Azerbaijan through Georgia to Turkey and on to Europe.
After a four-year pause the mixed Georgian-Ukrainian Intergovernmental Commission for economic cooperation has resumed its work.
Two new logistic centres will be built in Georgia’s third largest city Kutaisi and in the village Kumisi, near capital of Tbilisi to cement Georgia’s reputation as logistic hub country.
Georgia’s debt to Kazakhstan has decreased by about $3 million thanks to a new deal between the countries that changed outstanding debt terms.
President of Georgia Giorgi Mrgvelashvili is paying an official visit to Kazakhstan. He met with President Nursultan Nazarbayev and discussed the prospects of further strengthening trade-economic cooperation.
A Georgian consulate has been opened in Kazakhstan, accompanied by a Georgia-Kazakhstan business forum.
Trade and economic relations between Georgia and Kazakhstan have been discussed as Georgian Prime Minister Giorgi Kvirikashvili received Kazakh Minister of Investment and Development Zhenis Kassymbek in Tbilisi today.
Policy and business leaders from the US and the Trans-Caspian corridor countries, including Georgia, will come together at Third Trans-Caspian Forum on May 17-18, 2018 to discuss opportunities and challenges in enhancing their strategic engagement and explore business, trade and investment opportunities to the benefit of all concerned.
Georgia and Kazakhstan are taking another step to develop the so-called “middle corridor” at the 10th Session of the Intergovernmental Commission on Economic Cooperation between Georgia and Kazakhstan.
Georgian and Kazakh Prime Ministers met in Nursultan earlier today, and agreed to strengthen transport ties and increase the number of flights between the two countries to benefit tourism. Both PMs stated that Georgia is able play a role of an important transport corridor.
Georgia and Kazakhstan will offer joint logistics projects to international companies, announces Georgian Prime Minister Mamuka Bakhtadze while summarising yesterday’s meetings under his official visit to Kazakhstan.
Georgian Prime Minister Mamuka Bakhtadze participated at the Astana Economic Forum held in Kazakhstan where he said that Georgia has ambitions to become the region’s multi-profile centre.
Georgian cargo turnover amounted to 42.3 million tonnes in 2019 which is 1.2 million tonnes more compared to 2018, show data from the Ministry of Economy.