Georgian Economy Minister, Bundestag MPs discuss ties
The officials also pointed out the Black Sea submarine cable project, a new transmission infrastructure to connect the South Caucasus energy grid to Europe, and noted its significance in allowing export of electricity to the EU market following its completion. Photo: Ministry of Economy
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Georgian-German relations, priority areas of cooperation and ways of further developing them were discussed on Thursday by the Georgian Economy Minister Levan Davitashvili and members of a delegation of the European Union Affairs Committee of the German Bundestag.
The meeting also highlighted Germany's assistance to Georgia in its efforts to join the EU, noting the “structural and systemic” reforms - including harmonisation of legislative foundations of economic institutions - carried out following the country’s application for EU membership in March 2022.
Georgia’s interest to expand exports to the EU market was also highlighted, with the sides stressing the statistics showing the 71 percent increase in the number of companies that exported to the EU in 2022, as well as the number of products exported from Georgia rising by 20 percent higher compared to the previous year.
The officials also pointed out the Black Sea submarine cable project, a new transmission infrastructure to connect the South Caucasus energy grid to Europe, and noted its significance in allowing export of electricity to the EU market following its completion.
The 57th annual Meeting of the Asian Development Bank will be held next year in the Georgian capital city of Tbilisi, the Ministry of Finance announced on Thursday.
Georgian Deputy Economy Minister Romeo Mikautadze and James Appathurai, the NATO Deputy Assistant Secretary General for Emerging Security Challenges, on Wednesday discussed reforms in Georgia’s energy sector at their meeting in Tbilisi.
A delegation of the European Union Affairs Committee of the German Bundestag will be on a visit to Georgia between Tuesday and Friday to discuss reforms and expanding cooperation with the European Union and Germany with Georgian officials and civil society groups.
Officials from Georgia, Azerbaijan, Romania and Hungary on Thursday met in the Georgian capital city of Tbilisi to discuss various stages of the implementation of the Black Sea submarine electricity cable project, a new transmission route to deliver green energy from Azerbaijan to Europe, the Georgian Ministry of Economy announced.
Georgian Foreign Minister Ilia Darchiashvili on Friday said the Black Sea submarine cable international project gave a “new European purpose” to Georgia, while also “significantly” increasing the country’s role in ensuring Europe’s energy security.
Georgian Prime Minister Irakli Garibashvili on Monday stressed the importance of the recently signed Black Sea submarine cable international project and said the endeavour was a “Georgian initiative", in remarks to the Ambassadors Conference in Tbilisi.
Georgian Justice Minister Rati Bregadze on Thursday briefed visiting members of the Committee for European Union Affairs of the German Bundestag on his Government’s efforts to meet the 12-point conditions outlined by the EU last year for granting its membership candidate status to Georgia.
Georgian Economy Minister Levan Davitashvili and Japanese Deputy Foreign Minister Yuumi Yoshikawa on Thursday discussed trade and economic relations between the two countries, as well as progress achieved in this regard over recent years.