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The economy of Georgia, Azerbaijan and Turkey

The economy of Georgia, Azerbaijan and Turkey
The economy of Georgia, Azerbaijan and Turkey

The economic and financial experts focus on the collaboration of Azerbaijan, Turkey and Georgia in order to discuss the energy projects carried out by the three countries.

Georgian analysts Vakhtang Charaia's, Shota Gulbani's and Otar Anguridze's work "The Turkish Factor in the Georgian Economy" reads that the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum pipelines help new opportunities arise across the region. 

The document also applies to the TANAP project, reading that the cooperation successfully develops as part of it.

By the year of 2023 Georgia will be a transit hub of 23 bln cubic meter gas and 30 bln - by 2026. Afterwards, it will recieve 5% of the transited volume for free, as the analysts state. 

The authors refer to the significance of the Baku-Tbilisi-Kars railway project.

The work also focuses on the Akhaltsikhe-Borchka power line that has been functioning since 2013. 

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