Daily Archives: September 11, 2014

Georgian Oil Companies Operate at a High Profit Margin

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Downward trend in oil prices continues on the international market, but the Georgian oil companies do not feel this trend – the newspaper “Resonance” writes. According to the newspaper,  the current wholesale price of gasoline does not exceed GEL 1. 71 per liter, based on this it turns out that the …

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MFOs not to Issue Credit Cards

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Georgian  microfinance organizations disclaim intention to start issuing credit cards, and will continue to focus on business lending. According to the head of the MFO “Georgian Credit” George Naskidashvili, the organization is at a stage of development at which consumer lending  is not  a leading product and gives way to business lending. “Today,  business …

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Pharmacy Association to Provide Health Ministry with a List of Medications that can be Obtained without a Prescription on Monday

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Georgian Pharmacy Association has not yet submitted to the Ministry of Health a list of the medicines that can be obtained without a prescription. “Commersant” was told at the HealthMinistry that they are expecting the  list  every day. According to President of the Pharmacy Association Irina Chelidze, they are in constant communication with the Ministry of Health and  pharmaceutical companies and work in this direction …

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Biofuels Production to be Launched within “Produce in Georgia” Program

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Today, an agreement will be signed between“GreenEnergy” company and the GeorgianEntrepreneurship Development Agency at the Ministry of Economy and Sustainable Development, according to which, technologically advanced andenvironment- friendly wood pellets production will begin in Georgia in  two years. The company says  it will be an innovative product that will help reduce the consumption of firewood. The signing ceremony will be  attended by Deputy Minister of Economy …

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