Georgia strengthens Silk Road economic links
On 16 January 2017 Georgian Economy Minister Giorgi Gakharia signed a Memorandum of Understanding (MoU) on “Strengthening the New Silk Road Initiative” with Zhang Yuzhou, CEO of CEFC China Energy Company Limited. The corporation has a business interest in energy and financial services and intends to purchase 75 percent of shares in Poti Free Industrial […]
Turkey accelerates the construction of Baku-Tbilisi-Kars railway
Turkey will accelerate the construction of the Baku-Tbilisi-Kars (BTK) railway project, said Ahmet Arslan, Turkish Minister of Transport, Navigation, and Communications. “Baku-Tbilisi-Kars Railway project is very important for the region. The missing link of the Iron Silk Road will be completed at the end of this year. There is a big potential of trade volume […]
Goods to be delivered from India to Europe within 14 days
With the railway corridor connecting India to Europe, we will soon be able to deliver goods along this route in no more than 14 days, chairman of Azerbaijan Railways, Javid Gurbanov said in his interview with The Business Year. He talked about the International Trans-Caspian route from China to Baku and said that Azerbaijan becomes […]
Baku-Tbilisi-Kars railway to open this year
Baku-Tbilisi-Kars railway will be ready this year, stated by Prime Minister of Azerbaijan Artur Rasizade, Azerbaijani media reports. Baku-Tbilisi-Kars railway is being constructed on the basis of an agreement between Georgia, Azerbaijan and Turkey. Its total length is 826 kilometers. After the railway will start functioning, it is expected that mutual trade between countries will […]
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