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Daily Archives: November 30, 2015

Georgia to Boost Tea Production

Tea Georgia

The Georgian Authorities has found impetus for promoting the Georgian tea production sector and drawn up the Georgian Tea state program that calls for rehabilitating the tea plantations. The state program consists of two components based on the co-financing principle for rehabilitating both privately owned and leased tea plantations and …

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Institutional Investors Acquired TBC Shares of DEG

TBC bank

Shares of DEG (Deutsche Investitions- und Entwicklungsgesellschaft) in TBC Bank were acquired by institutional investors. According to TBC Bank, the investors are from UK and Continental Europe. However, an accelerated transaction was managed by Renaissance Capital. To remind, DEG (Deutsche Investitions- und Entwicklungsgesellschaft) issued the announcement on November 26, that …

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Clearstream Opened Correspondent Account of GEL in Bank of Georgia

Bank of Georgia

Bank of Georgia announced about opening of correspondent account in GEL by International Central Securities Depository Clearstream in Bank of Georgia. According to the management of the Bank, national currency of Georgia – GEL has been added to the settlement currency of Clearstream, which becomes available to make operations in GEL …

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Nikoloz Begadze Wins Gold at Youth Boxing Championships

Nikoloz Begadze

A budding Georgian boxer has been crowned European youth champion while two other aspiring Georgian athletes received bronze medals at the same competition. Georgia ended the 2015 European Confederation Youth Boxing Championships on a high note, with several of its boxers winning top accolades. The competition took place in Kolobrzeg, …

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Which Countries Use the Most Antibiotics?

Antibiotics

With antibiotic resistance and overuse a major global concern, and a significant challenge for global healthcare providers and policy-makers alike, understanding the world’s use of antibiotics is an important step. The following chart shows the 10 countries with the highest levels of antibiotic use. It’s based on data from the …

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New Dairy Factory Opens in Georgia

Dairy Factory

A new dairy factory has opened in Georgia; raw milk will be used to make a variety of butter and cheese products to supply the local market, leading Georgia to reduce the amount of such imported goods. The Vita Product factory opened in Georgia’s Tsalka municipality over the weekend. The …

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Georgia Reduces Export to Turkey

turkey export

The volume of Georgia’s export to Turkey in Jan.-Oct. 2015 has dropped by 18 percent ($35 million) compared to the same period in 2014 and exceeded $160.5 million, Sputnik Georgia reported citing the National Statistics Office of Georgia. Georgia has exported semi-finished products of iron or non-alloy steel valued at …

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