construction in Caucasus

ADB to fund Georgian secondary roads project

The Asian Development Bank (ADB) will allocate $80 million to help improve the conditions of secondary roads in Georgia. An agreement aims at rehabilitating around 50km of road connecting Dzirula-Kharagauli-Moliti-Phona-Chumateleti, as …

Construction of Anaklia port starts on November 15

The first phase of construction of a deep sea port in Anaklia will start on November 15. "The beginning of construction work is scheduled for November 15. Preliminary work, within the framework of which the research was carried …

GDP of Georgia rises by 2.7%

The GDP of Georgia in 2016 amounted to $14.3 billion, exceeding the previous year’s figure by 2.7%, according to the information of the National Statistics Office of Georgia 'Geostat'. The GDP deflator was 4%. 9.9% of GDP …

Belarus to help building ice arena in Bakuriani

Belarus is ready to help Georgia to erect an ice arena and a biathlon stadium at the mountain ski resort Bakuriani, the Belarusian President Alexander Lukashenko said during the meeting with the Georgian President Giorgi …

World Bank to allocate $800 million for TANAP

The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project. The loans will be supplied through the World Bank's …

Metallurgical complex to be built in Azerbaijan

A metallurgical complex will be built in Azerbaijan’s Sumgait city. The volume of investments for the establishment of a metallurgical complex, consisting of five plants, in Azerbaijan is estimated at 1.225 billion euros, the …