China starts direct flights with Georgia
26 May, 2011
China starts direct flights with Georgia

Direct flights between Georgia and People’s Republic of China are starting soon. Georgian government believes it falls in line with Georgia’s transit role in the region.


The first flight between Georgia and People’s Republic of China will take place on June 9, 2011. The flights will be performed by China Southern Airlines, the World’s fourth largest airline. Urumqi-Tbilisi-Urumqi flight will be performed three times a week on Tuesdays, Thursdays and Saturdays. Duration of the flight is about 5 hours.
The

issue was discussed at the meeting on May 19, 2011, which was attended by the delegation of China Southern Airlines and Giorgi Karbelashvili, Deputy Minister of Economy and Sustainable Development, and Irakli Davitadze, Head of Civil Aviation Agency of Georgia. 
Vera Kobalia, Minister of Economy and Sustainable Development of Georgia, accentuated that regular flights between two countries will contribute to the future business relations between the countries and will attract new investments to Georgia. Moreover, direct flights are expected to promote tourism between two countries.
Karbelashvili believes the upcoming flights between China and Georgia will be one of the most important flights in the history of Georgia, since the country will once again fulfill its transit duties. 
Direct air-traffic with the China falls in line with Georgian governments recent endeavors to get closer with the number two biggest economic power of the world so as to attract as much investments as possible.
China was the single country who survived the global economic crisis without economic downturn and now has resources to invest beyond the country. And Georgia also dreams to cut a piece of the cake. In October of 2010 Georgian Delegation headed by Georgian Prime Minister took a visit to China to put out feelers. Georgian government hopes that its favorable geographical location acknowledged as the crossroad between Europe and Asia coupled with liberalized business-climate of the country, free trade agreements with all CIS countries plus the upcoming Free Trade Agreement (FTA) with EU may lure Chinese and Indian investors to Georgia.
Georgian government’s expectation develops in two ways: on the one hand they want Chinese/Indian investors to develop transit infrastructure so as to make Georgia as a regional hub, on the other hand they propose to either manufacture or assemble products in Georgia and export the Made-in-Georgia labeled goods to EU ultimately.
It is an open secret that Georgia hardly enjoys the benefits of its GSP+ customs regime with the EU exempting about 7200 sorts of goods from customs tariffs for it has not much for export at the moment. Nevertheless, Georgia is also hopeful to strike a free trade agreement with the EU in coming years. China that is notorious by “annoying” the western world by its export cannot dream for preferential trade regimes with the EU.
Export is one of the most important parts for Chinese economy, however, trade conflicts with western countries happen more and more frequently in recent years. If China and Georgia can make a good combination in international trade business, i.e. processing or assembling of imported materials/parts for further export, it will be mutual lybeneficial and attractive to Chinese investors who may expand export potential through Georgia.
Such mutual partnership may be beneficial to both sides, Georgian economic analysts believe. But to attract Chinese business to Georgia government needs to improve the business-climate of the country through establishing preferential taxation regimes and fair court system.
Head of Chinese delegation stressed the new flight has both political-economic importance as well as touristic significance.

 

Print
Other Stories
The World Digital Mining Summit to be held in Georgia
The summit is scheduled to take place between 21st-23rd September in the Hualing Hotel, Tbilisi, Georgia.
Galt and Taggart - Tourism Boom Continues in Georgia
Tourism has become one of the key drivers for the Georgian economy. Galt and Taggart has recently published research about the Georgian tourism sector in the first half of 2018.
"The worst dream for Putin is that Russians want to live in Georgia"
This year, visitors to the Adjara region would notice that there is a boom in construction in and around Batumi.
Underground gas storage facility to be built in Georgia
KfW, a German government-owned development bank signed a EUR 150 million promotional loan with the state-owned Georgian Oil and Gas Corporation (GOGC) for the construction of the first underground gas storage facility in Georgia.
New gambling rules for Georgia
Georgian lawmakers are preparing a new draft law relating to online-casinos and gambling that will seek to curb gambling addiction in Georgia.
How expensive is it to visit Georgia?
The Georgian Lari (GEL) is the official currency of Georgia and is the only legal means of payment in the entire territory of Georgia.
Trade with the EU and the Commonwealth of Independent States (CIS) has grown significantly
Trade with the EU and the CIS has grown by 26% and 33.5 % respectively, says GeoStat, the Georgian National Statistics Office.
The unemployment rate decreases in Georgia
The unemployment rate decreased in Georgia by 1,9% and amounted to 12.1% in the 2nd quarter of 2018 compared with the previous quarter,
Memorandum of Understanding to be signed between Georgia and Malaysia
According to the Georgian Ambassador to Malaysia Nikoloz Apkhazava, Georgia plans to sign a Memorandum of Understanding (MoU) with Malaysia.
“Blauenstein Georgia” due to expand in Georgia
“Blauenstein Georgia” is planning to open more shops in Georgia. It is an agriculture company that sells meat products, meat and convenience food.
The amount of Direct Foreign Investment rises in Georgia
According to the information of the National Statistics Office of Georgia, the amount of direct foreign investment in Georgia has risen
It’s going to get  harder for foreigners to get residence permit in Georgia
It’s going to get harder for foreigners to get permit of residence in Georgia.
Mziuri Park in Tbilisi to be renovated soon
It was the dream of prominent Georgian writer Nodar Dumbadze that when the original Mziuri park was constructed and opened in 1892 that it should be a park for children,
Winemakers to produce Kvanchkara in its place of origin - Racha
Khvanchakara is a semi-sweet Georgian red wine which originates from Racha, in the western part of Georgia. Kvanchkara is made of two types of grape Mujuretuli and Aleksandrouli.
The level of Georgian wine and Chacha exported has increased
The National Wine Agency of Georgia has recently published statistical information about the level of Georgian wine and Chacha exported between January and July, 2018.
New fire engines to be Manufactured in Georgia
The Acting Head of the Emergency Management Agency Shalva Khutsishvili said that the old Zili fire engines (which were made in the USSR) will be phased out and replaced with new ones, manufactured in Georgia.
Georgia witnesses a record number of tourists
The Georgian National Tourism Administration publishes statistical information about international visits to Georgia.
Canadian businessman plans to build a hotel in Bakhmaro
Canadian businessman Vadim Malishev plans to build a hotel in Bakhmaro resort, Guria, in the western part of Georgia.
Coffee Factory will open in Tbilisi in October
The first coffee factory (which will be located on the Kakheti highway) in Tbilisi will open in October.
Places in Georgia where real estate is the most expensive
The real estate market in Georgia is growing annually. In Tbilisi as well as other regions of Georgia new developments are increasingly taking place.
How much does a vacation cost in Tbilisi?
It is the middle of summer and those who have not yet taken a vacation are looking for an appropriate place for sure!
The price for extreme sports in Georgia
Georgia offers a variety of options to extreme sport lovers.
The number of Georgians who own property abroad increases
The number of foreign properties owned by Georgians is increasing.
How much does Taxi cost in Tbilisi?
Stories how Taxi drivers try to deceive passengers and charge them with more money than they should pay are known for everybody all over the world.
What are the highest paid areas in Georgia
According to the data collected by the National Statistics Office of Georgia in the first quarter of 2018 the highest paid jobs in Georgia are found in the financial and insurance fields.
PHOTO OF THE DAY
Exchange Rates
GEL Exchange Rate
Convertor
24.09.2018
25.09.2018
USD
1
USD
2.6216
2.6226
EUR
1
EUR
3.0854
3.0868
GBP
1
GBP
3.4584
3.4416
RUB
100
RUB
3.9340
3.9814
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.6226
EUR
1
EUR
3.0868
GBP
1
GBP
3.4416
RUB
100
RUB
3.9814