Category: NEWS
Cooperation with the Israeli Business Community: Preparations in Georgia for the Jerusalem Business Forum
Economic cooperation between Georgia and Israel is gaining new momentum. The first stage of preparations has been completed as part of the official visit of Dr. Akram Hasson, a member of the Israeli Knesset, one of whose key objectives was the organization of the upcoming Georgia-Israel Business Forum in Jerusalem. Israeli House NET hosted a […]
Read moreThe work of the Intergovernmental Commission on Trade and Economic Cooperation between Kyrgyzstan and Georgia is resumed after a ten-year hiatus
The second meeting of the Kyrgyz-Georgian Intergovernmental Commission on Trade and Economic Cooperation took place at the Ministry of Economy and Commerce of the Kyrgyz Republic in Bishkek. It marked the resumption of the Commission’s activities after a ten-year hiatus.
Also, Georgia’s Minister of Environmental Protection and Agriculture David Songulashvili attended the meeting.
Bakyt Sydykov, Minister of Economy and Commerce of the Kyrgyz Republic, and Mariam Kvrivishvili, Minister of Economy and Sustainable Development of Georgia co-chaired the Commission.
The considerable potential for cooperation between Kyrgyzstan and Georgia in the fields of trade and economic relations, investment, transport and logistics, tourism, agriculture, and cultural and humanitarian exchanges were the main topics of the meeting.
Particularly, Bakyt Sydykov highlighted Kyrgyzstan’s consistent policy aimed at economic modernization, improving the investment climate, and supporting entrepreneurship. Preliminary results show the country’s economic growth by over 11 percent in 2025. Meanwhile, growth for the first four months of 2026 reached 12.4 percent.
The Minister specified that improvements in tax and customs administration, the digitalization of public services, the reduction of the shadow economy, and stronger public-private partnerships made these achievements possible.
Georgia’s economic growth by 7.5 percent in 2025 created additional opportunities for expanding bilateral trade and investment cooperation.
Mariam Kvrivishvili highlighted that Georgia is an important transport and logistics bridge between Europe and Asia due to its strategic geographic location. It also connects the Middle East, South Asia, the Caucasus, and Central Asia.
As she emphasizes, the development of transport and logistics infrastructure is particularly important.
Another key driver of the country’s economic growth is tourism. It brought a record amount of around USD 4.7 billion in 2025. Nearly 7.8 million visitors from different countries came to Georgia, including Kyrgyzstan.
According to the participants, the Intergovernmental Commission is an important mechanism for advancing joint initiatives and ensuring the practical implementation of agreements between the two countries. The sides signed agreements in the areas of investment, avoidance of double taxation, education, and statistics following the first meeting of the Commission. Moreover, they successfully carried out a number of joint activities and reciprocal visits.
Also, the current state and future prospects of cooperation in foreign policy, trade, investment, agriculture, transport, logistics, and other areas of mutual interest were discussed by the representatives of relevant ministries and government agencies from both countries during the meeting.
Also, discussions on cooperation in information and communication technologies, environmental protection, education, culture, communications, labor, and employment were in the agenda.
Finally, they signed the Protocol of the Second Meeting of the Kyrgyz-Georgian Intergovernmental Commission on Trade and Economic Cooperation.
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Read moreMigrant Workers in Ukraine: How Many Are There, Really, and Why Is It Cheaper to Retrain Ukrainians?
In Ukraine, the issue of hiring foreign workers sparks considerable debate, yet the actual scale of labor migration remains minimal. The Ministry of Economy compared the costs of hiring a migrant worker versus retraining a Ukrainian worker and cited specific data from a survey of employers. Learn more about the situation regarding labor migrants in […]
Read moreSerbia preparing Artificial Intelligence Law
Serbia could soon adopt its first Artificial Intelligence Law, which will be largely aligned with the European Union’s AI Act, the most comprehensive artificial intelligence legislation in the world. The plan is for the new law to introduce clear rules for the development and use of AI, particularly in higher-risk areas such as healthcare, education, […]
Read moreChina, Mongolia Dominate Foreign Migration to Kazakhstan in 2026
China and Mongolia accounted for the vast majority of arrivals from non-CIS countries to Astana, Kazakhstan during the first quarter of 2026, underscoring the growing role of regional economic and educational ties in shaping migration trends. According to official data, 394 people from countries outside the Commonwealth of Independent States (CIS) moved to Kazakhstan’s capital […]
Read moreOn a Mission to Accelerate Regional Transformation: Global Tech Weekend Tbilisi Returns on June 19-21
This summer, Georgia will host a wide range of technology, cultural, educational, and business events. Global Tech Weekend Tbilisi 2026 stands out as the platform where all of these worlds intersect. Returning for its biggest edition yet, the region’s leading technology movement is expected to welcome more than 20,000 international attendees across three days. From […]
Read moreThe EBRD and EU are increasing their business support program in Ukraine by €2B.
The European Bank for Reconstruction and Development, with funding from the European Union, is boosting its aid for small and medium-sized enterprises (SMEs) in Ukraine, allowing them to secure €2B in new funding via EBRD partner banks. This additional EU assistance is part of the Ukraine Investment Framework and includes €200M in guarantees, €105M in […]
Read moreSafety, Jobs, Quality of Life: Kazakhstan Tops CIS Migration Index
Kazakhstan has been named the best country in the CIS for people considering a move abroad. The study ranked Kazakhstan 53rd out of 82 countries worldwide, making it the highest-performing nation among CIS countries in the Immigration Index 2026, compiled by the US-based company Remitly. The result places Kazakhstan ahead of Moldova (56th), Azerbaijan (66th), […]
Read moreSerbia’s business environment is driving its integration into the EU
On the geographic and political frontier of the European Union lies the Western Balkans: Serbia, Albania, Montenegro, and Bosnia and Herzegovina. Almost three decades after the wars that defined a generation, these are states still in the midst of determining their respective future identities and positions within Europe: some are readily aligning with the EU […]
Read moreBusiness support program of the EBRD and EU in Ukraine is increasing by €2B.
The aid for small and medium-sized enterprises (SMEs) in Ukraine from the European Bank for Reconstruction and Development, with funding from the European Union, is growing. It will allow them to secure €2B in new funding via EBRD partner banks. This additional EU assistance includes €200M in guarantees, €105M in grants, and €10M for technical support as part of the Ukraine Investment Framework.
At least 3,000 businesses will get loans from this new funding, which will help preserve 180,000 jobs. EU grants and other investment incentives will cover 10% to 30% of Ukrainian companies’ essential capital investments, mainly in energy-efficient and green technologies. Enterprises with assets that have been damaged or destroyed by the war or located in frontline zones will be the target of over half of these grants.
Also, the Revival of Ukrainian Small and Medium-sized Enterprises program is being launched by the EBRD and EU. They expect it to provide €135M in funding and advisory services for businesses and startups. €46M will come from EU support. At least 15 Ukrainian projects will get financing from this initiative.
Source https://nh-consulting-services.com/2026/06/12/ukraine-support/
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