Georgian Deputy Economy Minister, US Deputy Assistant Secretary discuss strategic cooperation, Black Sea submarine cable project
The meeting focused on the potential for “further” strengthening the existing cooperation in key sectors of the economy, the Georgian Ministry of Economy said. Photo: Ministry of Economy
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Strategic cooperation between Georgia and the United States and the partnership in trade, transport and energy were discussed on Saturday in a meeting between the Georgian Deputy Economy Minister Genadi Arveladze and Heidi Gomez, the US Deputy Assistant Secretary of State.
The meeting focused on the potential for “further” strengthening the existing cooperation in key sectors of the economy, the Georgian Ministry of Economy said.
The officials reviewed the current “difficult” situation in the Black Sea region on the backdrop of the ongoing war in Ukraine, and noted that the importance of the so-called “Middle Corridor” passing through Georgia had increased.
Arveladze elaborated on the actions taken by the Georgian Government in this direction and stressed the value of advancing major strategic projects like the construction of the deep sea port in country’s Black Sea town of Anaklia, aiming to create a “new, faster” maritime corridor between China and Europe, helping to restore the historic Silk Road, modernisation of railway, easter and western highway, as well as the Baku-Tbilisi-Kars railway railway route that passes through Georgia and is the logistical part of the corridor that connects Europe and Asia.
The meeting also emphasised the Black Sea submarine electricity cable project intended to connect the grids of the South Caucasus and European Union member states, involving the construction of a high-voltage underwater transmission infrastructure to connect Georgia with Romania and allow the export of green energy to Europe.
The Georgian official also mentioned that the Tbilisi Silk Road Forum would be held in capital Tbilisi between October 26-27, in the first edition since the Covid-19 pandemic, to review “factors defining regional and global trade and connectivity”, and pointed out that the country’s main strategic partner’s “high-level involvement” in the Forum would be “crucial”.
Cooperation between Georgia and World Bank and the Black Sea submarine electricity cable project intended to connect the grids of the South Caucasus and European Union member states were discussed on Friday in a meeting between the Georgian Deputy Economy Minister Genadi Arveladze and Koen Davidse, the Executive Director of the Bank.
Sebastian Molineus, the World Bank Regional Director for the South Caucasus, on Thursday said the Black Sea submarine cable project would contribute to a “very strong” economic and political connection between Georgia, the South Caucasus and European countries.
The European Union “strongly supports” the Black Sea submarine cable project, a new transmission route to deliver green energy from Azerbaijan to Europe, and hopes the South Caucasus will become a “very important” source of energy for Europe, Paweł Herczyński, the Ambassador of the European Union to Georgia, said on Thursday.
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 Government officials and professionals from the Italian consulting company CESI on Tuesday visited western Georgia's Black Sea coastal town of Anaklia to select the approximate route and locations for the Black Sea submarine electricity cable project, an international initiative to connect the South Caucasus power grid to that of Europe.
The Georgian Government has plans to hire a consulting group which will ensure aid in selection of investors and other mandatory procedures for facilitating the construction of the deep sea port in Georgia’s Black Sea town of Anaklia, Georgian Economy Minister Levan Davitashvili said on Monday.
The first test train is set to begin operating on the new Baku-Tbilisi-Kars (BTK) railway project later today.
Georgia is taking a considerable step forward by enhancing its historic role on the Silk Road route, developing its economy and taking its logistic opportunities to the next level by starting construction of the Anaklia Deep Sea Port.
Romeo Mikautadze, the Deputy Economy Minister of Georgia, featured in a meeting on the development and transmission of green energy between the governments of Azerbaijan, Georgia, Hungary and Romania, the Ministry said on Tuesday.
Trade, economic and investment cooperation between Georgia and the United Kingdom was discussed on Wednesday in a meeting between Georgia’s Deputy Economy Minister Irakli Nadareishvili and Malcolm Offord, the UK Minister for Exports.
Georgian Deputy Economy Minister Genadi Arveladze on Sunday discussed priority areas of economic cooperation between Georgia and the United States and its further development prospects with Carlos DeJuana, Managing Director of US International Development Finance Corporation and Alexander Sokolowski, Deputy Assistant Administrator in the Bureau for Europe and Eurasia at USAID.
Jubo Turashvili, the Head of the Energy Policy and Investment Projects Department of the Ministry of Economy of Georgia, on Thursday highlighted the country’s “strategic location” in comments that confirmed the Government’s “readiness” to “make a significant contribution” to Europe's energy security.
The bilateral economic relations and priority directions were discussed on Wednesday by Georgian Economy Minister Levan Davitashvili and Mamuka Tsereteli, the head of the America Georgia Business Council, as well as the US business delegation, who will participate in the upcoming Tbilisi Silk Road Forum.
Georgian Deputy Economy Minister Romeo Mikautadze on Tuesday highlighted the importance of resource efficiency in the industry sector and of promoting green growth in Georgian enterprises in comments at a national conference on the subjects.
Georgian Economy Minister Levan Davitashvili on Tuesday said the country had “all conditions” to be a net exporter of electricity, adding the Government’s “main goal” was to ensure export from local generation to the European Union.
Genadi Arveladze, the Deputy Economy Minister of Georgia, on Friday said the country had achieved “significant success” in quality infrastructure development, a system contributing to Governmental policy objectives in areas including trade competitiveness in global markets, efficient use of natural and human resources, food safety and more.