Congressman Kinzinger on terminal under construction in Batumi - I See how we can enhance multilateral relations

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The US congressmen Adam Kinzinger and Alex Mooney have visited the carbamide terminal, which is under construction at the Batumi port.   The terminal project is being implemented by direct U.S. investment.  The US congressmen were informed about the potential of the Batumi port. They emphasized the importance of American investment and the terminal.  “American investment is important...

Vice-President of Trammo on Batumi Terminal - This is a very good project you can rely on

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Senior Vice- President and the Chief Financial Officer of Trammo company, William Markstein talks about the prospect of creating a logistics hub in Batumi.  As Mr. Markstein stated at the Investment Panel on “Development of Georgia - Promotion of Targeted Investments” held in the framework of Tbilisi Silk Road Forum,  cargoes will be transported from Central Asia via Baku and by rail to...

EBRD - We are ready to get involved in implementation of Anaklia project

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We announce that we are ready to participate in the Anaklia project if we find a commercially viable solution” said EBRD First Vice President Jürgen Rijterink in an exclusive interview with Analytics. This is Jurgen Rigterink’s first official visit to Georgia in his current position. Mr. Rigterink already met Prime Minister of Georgia - Giorgi Gakharia. The importance of the Anaklia...

APM Terminals Poti on its plans and Anaklia port - There is not enough cargo for two ports in the country

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Managing director of APM Terminal Poti, Klaus Holm Lawrence and Head of APM Terminals Europe Office, Igor Van den Essen has said that APM Terminals Poti is going to invest between $ 250 and $ 300 million in Georgia.  As they told Georgian news agency BMG, their partner in this project will be Poti New Terminals Consortium (PNTC).   According to BMG, APM Terminal Poti is demanding the...

Ministry of Regional Development and Infrastructure calls on Consortium to submit plan to government on replacement of Conti International in shorter period of time

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The Ministry of Regional Development and Infrastructure of Georgia calls on Anaklia Development Consortium to submit a plan to the government on a replacement of Conti International LLC in shorter period of time. “The only company from companies of the Anaklia Development Consortium, which meets the tender requirements announced by the Georgian government,  was the U.S.-based Conti...

Conti International to Quit Anaklia Development Consortium

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The U.S.-based Conti International LLC, one of the main partners of Anaklia deep sea port project, has decided to quit the Anaklia Development Consortium.  According to the Accent, lack of agreement between the government and the international financial institutions prompted Conti International to make this decision.  Later the Anaklia Development Consortium confirmed the...

Elene Melikishvili - Khazaradze case looks like Yukos case

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TBC Bank, the leading Georgian banking company, is facing criminal investigation over money-laundering allegations involving a USD 17 million transaction that took place in 2008.  On July 26 Tbilisi City Court ruled that the founder and former Board Chair of the TBC Bank, Mamuka Khazaradze and his Deputy Badri Japaridze are to post a GEL 700,000 bail each after being charged in a money...

GD member - If Consortium fails to fulfill parts of its obligations by October 15, government will re-announce expression of interest regarding Anaklia port

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MP from the governing Georgian Dream party Irakli Mezurnishvili has said that if the Anaklia Development Consortium fails to fulfill parts of its obligations by 15 October 2019, the government of Georgia will re-announce expression of interest regarding the Anaklia Deep Sea Port project. “Our government has given the highest status to the Anaklia Deep Sea Port project. This is a really...

Anaklia Development Consortium Announces Major Changes to its Supervisory Board

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Anaklia Development Consortium Announces Major Changes to its Supervisory Board: "Mamuka Khazaradze and Badri Japaridze, the current Chairman and Vice-Chairman of the Anaklia Development Consortium’s Supervisory Board, will resign from the board. The consortium’s shareholders have scheduled a general meeting for later this month to replace them and augment the board with highly reputable...

Georgia’s Economy Minister - Any project, which will pose a threat to Anaklia, will not be supported

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The Minister of Economy and Sustainable Development of Georgia, Natia Turnava confirms that the Anaklia Deep Sea Port project is a priority for the Georgian government. "We are very hopeful that the Anaklia project will be implemented in a planned manner and the Georgian government spares no effort for it. We are involved in negotiations with the Anaklia Development Consortium as well as with...

Vinitech Innovation Tour begins from Georgia

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French delegation of science and business representatives of winemaking and viticulture sector will visit Georgia on June 12-16. Vinitech Innovation Tour is divided into three main phases: Visiting viticulture and winemaking companies, participation in Winexpo Georgia 2019 exhibition (including BtoB meetings at booth) and the conference with experts participating in it.  International wine...

Carpenter -It's important for Pompeo to keep expressing such views so Georgia's leadership understands U.S. is paying close attention to Anaklia port project

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Georgian Prime Minister Mamuka Bakhtadze, who is visiting United States, has met with U.S. Secretary of State Mike Pompeo.  In his press remarks following the meeting with  Mamuka Bakhtadze, Mike Pompeo expressed hope that Georgia completes the Anaklia Deep Sea port project.   “I communicated our hope that Georgia completes the port project. The project and others will enhance...

Kurt Walker -Pompeo wanted to stress strategic importance of completing Anaklia Port project

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Georgian Prime Minister Mamuka Bakhtadze, who is visiting United States, met yesterday with U.S. Secretary of State Mike Pompeo.  In his press remarks following the meeting with  Mamuka Bakhtadze, Mike Pompeo expressed hope that Georgia completes the Anaklia Deep Sea port project.   “I communicated our hope that Georgia completes the port project. The project and others will enhance...

Tskitishvili on Poti deep sea port – the order has been cancelled, this topic is closed

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Georgia’s Vice-Prime Minister, Minister of Regional Development and Infrastructure Maia Tskitishvili has said that “the order regarding the Poti Deep Sea port has been cancelled and this topic is closed at this stage”. According to her, it is natural that “in parallel to the construction of Anaklia deep sea port, Poti port thinks about enlargement”. “Poti port existed until the...

Georgia’s Bakhatdze: Government will postpone Anaklia Development Consortium’s obligations

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Georgia’s Prime Minister Mamuka Bakhtadze has said that the government of Georgia will postpone the Anaklia Development Consortium’s obligations.   As he said in an interview TV Imedi, this issue will be discussed at the nearest government session. “Anaklia Deep Sea Port has a special significance for us. Of course, during my visit to the United States I had meetings regarding...

Pompeo - I communicated our hope that Georgia completes the [Anaklia] port project

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U.S. Secretary of State Mike Pompeo said on Tuesday Washington hopes that Georgia completes the [Anaklia Deep Sea] port project.  In his press remarks following the meeting with Georgian Prime Minister Mamuka Bakhtadze, Mike Pompeo said:“I communicated our hope that Georgia completes the port project." "The project and others will enhance Georgia’s relationship with free economies...

The 6th annual CAMCA Regional Forum to be held on June 12th-14th in Tashkent

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The 6th annual CAMCA Regional Forum will be held on June 12th-14th in Tashkent, Uzbekistan. Since its establishment in 2014, the Forum has featured more than 160 speakers and welcomed hundreds of participants representing over 25 countries and 150 companies across the globe. The Forum is a premier opportunity to engage with prominent influencers and rising leaders in the CAMCA...

Japan's Ministry of Economy, Trade and Industry approves Japanese companies to conduct feasibility study for Anaklia Special Economic Zone project

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Ministry of Economy, Trade and Industry (METI) of Japan approved Japanese companies to conduct a Project Feasibility Study for the Anaklia Special Economic Zone (SEZ) in Georgia. Main emphasis of the study is the possibility to attract Japanese companies (manufacturing and logistics sector) as a part of Anaklia Special Economic Zone. Study should elaborate SEZ development plan and a masterplan....

Georgian Economy Minister- preliminary permit issued to deep-water port in Poti is abolished

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The Minister of Economy and Sustainable Development of Georgia, Natia Turnava has said that a preliminary permit issued to a deep-water port in Poti is abolished.  “First of all, I would like to say that the document, which was issued, is not a construction permit; it is a so-called preliminary use document of a land use, which   was issued by one of our agencies, in particular, by the...

Projecting of access road and railway to Anaklia Deep Sea Port is actively underway

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Projecting of access road and railway to the Anaklia Deep Sea port is actively underway. The project organization presented four options of this project to the Roads Department. The Technical Council of the Roads Department chose the first option. The project organization will continue its work on the selected option to present the detailed project.  Detailed geological works will be started...

Manisha Singh: Anaklia port project will strengthen Georgia's economy and its partnership with U.S.

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Acting Under Secretary of State of the United States for Economic Growth, Energy, and the Environment Manisha Singh has said that the Anaklia Deep Sea Port project will strengthen Georgia's economy and its partnership with the U.S.    “Anaklia Deep Sea Port will increase international trade relations via the Black Sea,” Singh said at the Trans-Caspian Forum held at the Foreign Committee...

PM Bakhtadze - Issue of replacement of Anaklia port’s investor is not being discussed

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The Prime Minister of Georgia, Mamuka Bakhtadze has said that the issue of replacement of Anaklia Deep Sea Port’s investor is not being discussed.  „Of course, the issue of replacement of the investor is not being discussed, this issue is within the Anaklia Development Consortium.  We spare no effort in supporting the Consortium to fulfill its obligations and mobilize financial resources...

Georgian Economy Minister - We have great hope that together with our support Consortium will successfully fulfill its obligations

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The Minister of Economy and Sustainable Development of Georgia, Natia Turnava has said that the Anaklia Deep Sea Port project is a “strategic project for the Georgian government.” “It is very important to have a deep sea port on the Black Sea to strengthen our transit role,” Turnava said in an interview with PalitraNews TV program 360 Degrees. According to her, the Georgian government...

US Embassy in Georgia – We are optimistic that meeting of investors, Consortium and Georgian government will help advance Anaklia Deep Sea project

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The United States Embassy in Georgia said on Friday that the Anaklia Deep Sea Port project is very important for Georgia’s economic growth, and the involvement of U.S. companies is part of the strong economic partnership between our countries. ‘We are optimistic that the upcoming meeting of the international financial institutions, the Anaklia Development Consortium, and the Georgian...

Australian SMEC to prepare project for access road and railway to Anaklia Deep Sea port

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Australian Multinational Company SMEC has become a winner company and it will prepare a project for access road and railway to Anaklia Deep Sea port, according to Georgia’s Roads Department. As the Roads Department said in a statement, four companies took part in the competition and from them “the best offer (both technically and financially) was made by SMEC. “SMEC’s origins date...

Carl Hartzell - Developments around TBC Bank affect stability of banking sector in Georgia

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EU Ambassador to Georgia, Carl Hartzell has responded to the developments around TBC Bank. “As for TBC Bank, it is an important issue, as it concerns the systemic bank; developments around TBC Bank affect the stability of the banking sector in Georgia. Consequently, we are following the situation,” Carl Hartzell said.  The Chairman of the Supervisory Board of TBC Bank,...

Fitch – One of the factors that contributes to investment growth in Georgia is development of Anaklia Port

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One of the factors that contributes to investment growth in Georgia is development of the Anaklia port, Fitch Ratings said on Friday. Fitch Ratings upgraded Georgia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB' from 'BB-'. KEY RATING DRIVERS The upgrade of Georgia's IDRs reflects the following key rating drivers: The Georgian economy proved resilient to negative...

Henrik Hololei - We are very keen to see Anaklia project take shape

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The European Commission's Director-General for Mobility and Transport, Henrik Hololei said on Tuesday that construction of the Anaklia Drainage Port is one of the priority projects between Georgia and European Union. “One of the important projects is the Anaklia port. Georgia needs deep sea port in the Black Sea. Today Georgia’s ports are not able to receive about 75% of the ships, because...

Ambassador McKenzie - Anaklia project is answer to ambitious challenge

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British Ambassador to Georgia Justin McKenzie spoke on Wednesday about the importance of the Anaklia project. As he told the Accent, “Georgia is located between Europe and Asia and this Geographical location gives the country a natural advantage in this direction.” “Over the years, Georgian governments have used a number of possibilities to benefit from this advantage. The Anaklia...

OPIC Managing Director - Anaklia Port poject is very important for Georgia

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Managing Director of the Overseas Private Investment Corporation (OPIC), Kenneth Angel said on Monday that the Anaklia Drainage Port poject is very important for Georgia. The construction of the Anaklia Drainage Port started on December 20, 2017. The opening of the first phase of the Port is scheduled by 2021. “We are investing in different countries around the world, we are in Georgia...

ADB – Anaklia Deep Sea Port will transform regional connectivity and trade

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The Asian Development Bank (ADB) remains committed to the memorandum of understanding (MOU) to explore the development of the Anaklia Deep Sea Port and Special Economic Zone (SEZ) in Georgia.   “In September 2018, ADB signed a memorandum of understanding (MOU) to explore the development of the Anaklia Deep Sea Port and Special Economic Zone (SEZ) in Georgia. We remain committed to...

Mariusz Maszkiewicz - Anaklia Drainage Port could be largest gateway between Europe and Asia

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Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to Georgia, Mariusz Maszkiewicz said on Tuesday that The construction of the Anaklia Drainage Port is a strategic importance project. As the Ambassador told the Accent, in parallel to the construction of drainage port, well-developed infrastructure is very important. “Georgia already has Batumi and Poti ports, but the...