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Daily Archives: July 20, 2015

More than 200 Drugs are Predicted to Become Cheaper

Prices on more than 200 drugs  will most likely decrease by September, Minister of Health and Social Protection Davit Sergeenko said at a recent news briefing. According to him, the prices will be cut significantly, by at least 50%. “In addition, starting with next year, we must significantly lower prices on …

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Sales of Beer Companies almost Halved

A traditional beer festival organized by Natakhtari company will not  be held in the capital and regions this year. The reason, as the company explains, is an increase in the excise tax on beer resulting in sales decline. “We have several times urged the government to revise its decision to …

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American Frontera Starts Supplying Natural Gas to Ukraine – Yatseniuk

Frontera will build LNG-terminal in Ukraine with the prospect of gas supplies from Georgia American Frontera Resources Corporation will build the terminal in Ukraine for receiving liquefied natural gas (LNG-terminal), Prime Minister of Ukraine Arseny Yatsenyuk says. Naftogaz of  Ukraine signed a memorandum  with  Frontera: the American company will begin construction …

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Youth Olympic Village 2015 Opens in Tbilisi

The Olympic Village accommodating the athletes  the 13th European Youth Olympic Games has officially opened on the Tbilisi Sea. At the opening, the Georgian PM, Irakli Garibashvili presented Levan Kobiashvili as the mayor of the athletic village. The PM also spoke about the international importance of the event: “The Olympic …

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This Drone Ambulance Is Totally Wild, And Totally Inevitable

In emergencies, seconds count. An estimated 1,000 saveable lives are lost a year because of slow emergency response in the nation’s biggest cities. But in traffic-jammed urban environments, how can a four-wheeled ambulance be expected to make it anywhere and back quickly? Design firm argodesign has a wild conceptual solution. …

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Batumi Hosts Ajara Business Week’s Presentation

An official presentation of the Ajara Business Week (ABW), a new English-language business-economic weekly, was held at Hilton Hotel in Batumi, the Autonomous Republic of Ajara. The event was attended by representatives of the local business sector and the local government, interested audience and the media sector. The presentation was …

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Casino CAMPIONE Starts Operating In Batumi

Casino Campione

CASINO CAMPIONE OVERVIEW Casino Campione Batumi is a modern, innovative and stylish gaming facility located on the Batumi Black Sea Coast. The luxurious complex that provides comfort and superior customer services, Casino Campione, is the best place to try your luck, whether your prefer high bets or smaller ones. Casino …

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Competition Agency Intends to Examine Flour and Pharmacy Markets

The Competition Agency has revealed the presence of cartel agreements on the Georgian fuel market and fined five largest oil companies 55 million GEL. According to the expert, the next markets the Agency will examine will probably be flour and pharmaceutical markets. “In regard to the oil companies, we are …

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Delay of Soft Drinks Labeling Encourages Business

The founder of the company Coca-Cola Bottlers Georgia Temur Chkonia hails  the Prime Minister’s decision about the postponement of the introduction of labeling  for alcoholic beverages. According to him, the Prime Minister took time out, and if he looks into the matter in more detail, it is likely this decision …

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Turkey as Caspian Energy Hub?

Turkey’s dependence on energy resources pushes the country’s authorities to make great efforts to turn the country into the region’s energy hub. Meanwhile, the country’s geographic location, economic and political stability turns it into a perfect and even indispensable regional energy hub. Thus, the efforts made by the Justice and …

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