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White House: SGC Provides new hope for Stability

The Southern Gas Corridor provides new hope and opportunity for stability and prosperity, said the statement released on the website of the White House Nov.15.

As Greece moves forward on the path to economic recovery, the United States will advocate policies to promote and foster economic growth and further opportunities for US investment,” said the statement.

To further these goals, the United States has pledged its support for energy diversification in Greece through the Trans-Adriatic Pipeline and Greece-Bulgaria Interconnector, which reduce Europe’s dependence on Russian gas and strengthen energy security across the region, according to the White House.

white-house-sgc-provides-new-hope-for-stability-660x330The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian Sea region to the European countries through Georgia and Turkey.

At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan’s Shah Deniz field is considered as the main source for the Southern Gas Corridor project. Other sources can also join this project at a later stage.

As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of TANAP and TAP.

Source: trend

Working with Central Asian Countries Toward Economic Progress

PMCG has launched a USAID-funded project – Competitive Trade and Jobs (CTJ) Activity in Central Asia – in association with DAI International, aiming to increase the competitiveness of the economies of the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. 


The collaborative project is focused on facilitating trade by improving border management and customs policies, and building a Central Asian trade forum. Several major barriers hindering progress, such as high costs and time required to trade, weak transport and logistics, lack of information and an excessive bureaucratic burden, have been identified.

With this in mind, PMCG will develop an action plan to overcome these existing barriers, and identify and prioritize non-tariff barriers for trade along key corridors, and facilitate dialogue between the public and private sectors.

Source: http://bit.ly/2g1JlbL

The Biggest Meat-producer Factory in CaucasusTo Open in Georgia

In the frame of government program “Produce in Georgia”, LLC “Leaderfood” will broaden the production and there will be the biggest meat-producer factory in Caucasus opened in March, 2017.
According to the ministry of Economy, the factory is being built currently and it will have modern facilities and high technologies with laboratories, where the meat quality will be supervised. At the same time, the company starts to introduce food supervisory management system which means international quality standards has to be used, such as: FSSC 22000:2005 which included ISO 22000, ISO 22002.1, ISO 9001 certificates.

There are up to 400 employees at the company, however in the frame of “Produce in Georgia”, this number will increase up to 700. The factory is being built in Mtskheta in an ecologically clean environment, which plays an important role in the regional development of the country.

LLC “Leaderfood” gets financial support from the government, which means that during first 2 years it will be co-financed by agency of entrepreneurship development. The entire amount of investment for the project is 5 million USD.

Source: http://bit.ly/2g4pbiP

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