AGP Executive Report
Last update: 6 hours agoEnergy Deal: Georgia extended its 20-year gas supply agreement with Azerbaijan for another two decades, keeping deliveries at 500 million m³ annually under “social” pricing, with the PM saying guaranteed volumes and terms have improved. Pipeline Operations: BP says it will transfer operations of the Baku–Supsa pipeline to Azerbaijan and Georgia while staying involved under contractual obligations, with the handover expected to finish in June. Regional Connectivity: Turkey, Azerbaijan and Georgia signed the Istanbul Declaration after their 10th trilateral foreign ministers’ meeting, pledging deeper cooperation on transport and energy links including the Baku–Tbilisi–Kars railway and Middle Corridor. Pharma Logistics Upgrade: EBRD extended a €10m loan to Aversi Pharma to renovate and automate a new Tbilisi central warehouse, targeting up to 40% energy savings and a more resilient supply chain. Consumer Protection: Georgia’s competition and consumer protection agency will take the presidency of ICPEN from July 1, with a September international conference planned in Tbilisi. Tourism & Real Estate: Archi and NEXT unveiled the $300m Swissôtel Kobuleti Beach Resort, with construction set to begin and pre-sales opened.
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