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Monthly Archives: October 2015

Generics Function the Same Way as Brand Drugs Do

Generic Drugs

Recently the Ministry of Health announced its intentions to introduce generic drugs on the Georgian market. According to the Ministry, this step will regulate the existing prices of drugs in the country. In pharmacology, the original brand drug is an innovative synthesized formula, the creation of which requires at least 10-12 years …

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Polish Company Aims to Help Georgian Infrastructure Development

Tines Georgia

Tines Capital Group an international holding based in Poland, offering advanced solutions used in civil and industrial engineering, has purchased a majority shareholding in a concrete production plant located in Koki near Zugdidi. With own production of high – quality concrete company aims to get involved in the wide – range …

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President Meets Rustavi 2 TV Ex-Owner Kibar Khalvashi

kibar-khalvashi-margvelashvili

President Giorgi Margvelashvili met on Tuesday Kibar Khalvashi, a businessman and a former owner of Rustavi 2 TV. Khalvashi, who owned Rustavi 2 TV in 2004-2006, told journalists after the meeting with President Margvelashvili that they had “a lengthy conversation”. “I thanked the President for accepting my request for a …

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Europe Will See Lowest Gazprom Gas Prices in 11 Yrs

gazprom

Gazprom budget for 2016 sees the lowest prices for the countries outside of Post-Soviet space in 11 years, Bloomberg reports. Prelimanry prices for gas are $200 per 1,000 cubic meters, Bloomberg wrote citing sources who asked not to be identified by the media outlet for anonymity concerns. For comparison: in …

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Ukraine Enjoys a 46.62% Turnout in Local Elections

In Ukraine, the turnout in the local elections was 46.62%, the Central Election Commission announced the country, it is reported by UNIAN. The highest turnout was recorded in the Ternopil (56.50%) and Lviv regions (56.31%). The threshold of 50% also overcame Volyn, Ivano-Frankivsk, Lviv, Khmelnytsky, Rivne, Vinnytsia region. The turnout …

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TBC Bank Hosted a Meeting of EU-Georgia Business Council

EU-Georgia Business Council (EUGBC) and its member companies met Georgia’s Economy Minister, Dmitry Kumsishvili at TBC Bank today. The Bank’s supervisory board Vice President, Badri Japaridze attended the meeting from TBC’s side.  At the meeting, the two sides discusessed the challenges facing business in Georgia today and the prospective ways of …

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Nominees named for World Rugby Breakthrough Player of the Year

Nominees named for World Rugby Breakthrough Player of the Year

World Rugby has announced the shortlist for the inaugural Breakthrough Player of the Year 2015 award, with the winner set to be revealed at the World Rugby Awards dinner at Battersea Evolution, London, on 1 November. With some of the world’s exciting young players leaving their mark on Rugby World …

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Kakha Okriashvili: Current Developments Cannot Destabilize Country

Kakha Okriashvili: Current Developments Cannot Destabilize Country

In recent days the political situation in Georgia has gone gloomy after a leak of hidden camera footages and the trial on Rustavi 2 ownership case. The Commersant has inquired businessmen’s positions and attitudes toward the ongoing processes. PSP pharmaceutical company founder Kakha Okriashvili says the current developments will not …

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