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Monthly Archives: January 2015

Gov’t may Impose Price Ceiling for Pharmaceutical Companies

The government will possibly intervene in pricing in a case of catastrophic price hikes for  drugs. According to  Deputy Minister of Health Valery Kvaratskhelia, medications from the dollar zone as well as from Russia and Belarus have risen  in price. And if the price of medicines increases dramatically and the …

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Transportation Companies may Withdraw from the Market

Transportation companies face a danger of disappearing from the market. Director of Georgian Trans Expedition  LTD  David Davitidze says that a current situation in  the business strikes blow to  the country’s economy and the sector as a whole. According to  Davitidze,  when competition is limited, it leads to  low quality …

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Georgia to create special institution for export promotion

A special institute will be created in Georgia in order to promote export, Economy Minister Giorgi Kvirikashvili said Jan.28 after the meeting of the prime minister with members of the economic team of the government. The meeting was also attended by the head of the National Bank of Georgia Giorgi …

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Henkel Already in Georgia

German Henkel is building a factory in Gardabani municipality. According to the local authorities, a total of 6 million euros will be invested in the construction of the company’s first adhesive building materials factory  in the South Caucasus. The governor says that the locals will be employed at the plant …

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New Georgian Ski Resort Tetnuldi to be open in 2015

Soon one more worldwide level mountain-skiing resort ”Tetnuldi” will appear in Georgia. The longest and the biggest steepest skiing path in Transcaucasia will be built in Tetnuldi. The mountain resort will be open during all the seasons. It will be able to go in for mountaineering , skiing, snowboarding, rafting, …

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A LOOK AT WAREHOUSE MARKET OF GEORGIA

The total volume of warehouse space in Georgia amounts to around 1.8 million square metres, of which around 1.2 million square metres is owner-occupied and the remainder is leasable. The largest share of total leasable space is located in Tbilisi – 61%, with 23% in Batumi and 10% and 6% …

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MARKET MONOPOLIST SOCAR CONTROLS GROWTH IN ENGINE GAS PRICES IN GEORGIA

Georgia-based gas filling stations name the State Oil Company of Azerbaijan (SOCAR) as the market monopolist. Previously, only small-sized gas filling stations used to express similar considerations. Now, even Wissol Group representatives assert engine gas prices are out of their control because of lack of market suppliers. Wissol Group President …

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Armenia Saw 3.9% Rise of Economic Activity Last Year

Armenia’s economic activity indicator between January and December of last year exceeded the indicator of the same period in 2013 by 3.9 percent. As “Armenpress” reports, the National Statistical Service of the Republic of Armenia has presented the preliminary major macroeconomic indicators based on a current and operative summary that shows the socio-economic situation in the …

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Alain Delon to visit Tbilisi for charity

French cinema star Alain Delon, who was once described as France’s answer to James Dean, will visit Tbilisi on February 12 to join a celebration dedicated to the 60th jubilee of Georgian opera singer Paata Burchuladze. It will be the first time Delon, 79, has visited Georgia. While here the actor …

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