Daily Archives: September 25, 2014

“Macro Construction” Enters Development Market with “Green Budapest” Project

“Macro Construction” company enters the Georgian  development market with the “Green Budapest” project  with a total value of USD 45 million. A modern design  created for comfort of residents is not the only thing  “Macro Construction” focuses on. The main priority is associated with green color andplanting. The international holding has the ambition to break the stereotype that to live and rest on the nature is possible only  outside the …

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Petrol Price Reduced in Georgia

Georgian large importers of oil products  have reduced a price of fuel by GEL 0.03-0.06. As for WISSOL petrol stations , a consumer can buy Super fuel for GEL  2.29; Premium –  GEL 2.24; Diesel – 2.24; Regular – 2.12 and Euro Regular – GEL 2.07. As for GULF, petrol price reduced by …

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Uninsured Drivers to be Fined from 2015

The head of the Georgian Insurance Supervision Service  Lasha Nikoladze At what stage is the law on a compulsory motor insurance?  The technical side of the issue is already in the final stage – I mean the amount of premiums, limit of losscoverage, the list of basic conditions, etc. Insurance mathematics offered several options, and …

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Billionaire Mashkevich still Interested in Investing in Georgia

The billionaire Alexander Mashkevich  is still interested in investing in Georgia, but plans to do it not through the  Co-investment Fund. The Fund’s  Executive Director George Bachiashvili says that  Alexander Mashkevich is still going to invest in the  pharmaceutical  market in Georgia. Bachiashvili does not divulge details due to the fact that the project will not be carried out by  the Co-investment Fund. According to …

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Private Moneylenders not to be Allowed to Lend in Cash

In the near future, the Association of Banks of Georgia intends to submit to the Parliament and the Ministry of Justice the law prohibiting the private moneylenders to give customers cash loans. It is expected that the law will be initiated by the Ministry of Justice. According to President of the Association of …

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New Regulations to Rise the Cost of TV and Radio Advertising

Regulations are tightening for  TV  and radio advertising. The current legislation allows broadcasters to use 20% of the entire broadcasting grid for advertisements. This means that TV and radio use  4 hours and 48 minutes  for advertising in the 24-hour broadcasting. In addition, broadcasters can use own advertising time as they wish, as a result, …

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