Europe is pouring billions into the Middle Corridor, the transcontinental trade route linking China and Europe via Central Asia and the South Caucasus, but Georgia may be letting the opportunity slip through its fingers, warns Paata Tsagareishvili, head of the Middle Corridor Research Center in Tbilisi. In an interview with Interpressnews, Tsagareishvili said the European … Read more
TBILISI, October 20 – A new freight train service launched on October 15 shows the growing importance of the Middle Corridor transport route, linking China and Europe, via Central Asia and the South Caucasus. The route begins in Kashgar, China, and passes through Kyrgyzstan, Uzbekistan and Turkmenistan before entering Azerbaijan en route to the Caspian … Read more
TBILISI, October 19 – Georgia’s Finance Minister Lasha Khutsishvili told an international gathering of finance officials on Sunday that the country has managed to sustain solid economic growth despite global geopolitical turbulence, positioning itself as a reliable bridge between East and West. Speaking at a joint meeting of finance ministers and central bank governors from … Read more
TBILISI, October 8 – Turkey is pouring USD 1.6 billion into modernizing and electrifying its key east–west railway link from Divrigi to Kars and the Georgian border, but experts warn Georgia’s outdated infrastructure could limit the benefits of the project once it reaches the frontier. Transport researcher Davit Gochava told BPN that the new Turkish … Read more
TBILISI, October 3 – Azerbaijan’s state oil company SOCAR is expanding its fuel terminal on Georgia’s Black Sea coast, a move that will strengthen the energy link from the Caspian to Europe. SOCAR’s Kulevi terminal, which has operated since 2008, has submitted environmental documents to Georgian authorities for the addition of four new cylindrical steel … Read more
TBILISI, October 2 – Georgia and Azerbaijan will launch a new block-train linking the Black Sea ports of Poti and Batumi with Azerbaijan’s biggest cargo hubs around Baku, after the two railways signed an agreement in Almaty. The fixed-timetable service will run Batumi–Poti–Tbilisi–Absheron–Sumgait–Alat and offer shippers a simplified “terminal-to-door” product with predictable delivery times and … Read more