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Daily Archives: December 4, 2015

Turkish Gov’t is Trying To Minimize Negative Effects of Russian Ban

Turkish Gov't is Trying To Minimize Negative Effects of Russian Ban

Turkish Prime Minister Ahmet Davutoglu said Tuesday that the government will take measures that minimize the negative effects of the turbulent relation with Russia due to the downed warplane. Ahmet Davutoglu called on Moscow to constructivenegotiations. He added  that Turkish businessmen should notpanic as the government is working on  these …

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Energy Minister not Rules out Georgia might not Need Russian Gas

If Georgia is  able to obtain additional volume of gas from Azerbaijan in 2018, then it  will not  need the Russian gas – Energy Minister Kakha Kaladze states commenting on the Turkish Prime Minister who said that TANAP gas pipeline will be launched ahead of schedule and will enter into …

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Georgian Commercial Banks Reduced Credit Lending This Year — BPN

Bank of Georgia

Commercial banks reduced credit lending – BPN reports based on the National Bank’s October review. The document shows that in October 2015 the amount of lending in the economy by commercial banks reduced by 12 billion 500 million lari compared to the previous month and amounted to 15 billion 350 million. In addition, annual growth in loans portfolio stood …

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Revenue Service’s Approach Inhibits MFOs Development

Revenue Service’s Approach Inhibits MFOs Development

Revenue Service’s approach inhibits the development of microfinance institutions – CBW was told by Chairman of the Board of the Microfinance Organizations Association. Beso Shengelia says  the current tax code is vague and can beinterpreted in two ways that  creates great discomfort for business. Shengelia also talks about the problems with …

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India Produced Drugs Have High Quality If it is Properly Manufactured

Generic Drugs

The head of international center for endosurgery  Otar Janelidze responded to introduction and import of Generic drugs on Georgian pharmaceutical market. It is important to implement import of high quality drugs on Georgia’s pharmaceutical market, no matter it is a brand or generic drug, it needs to be reliable and …

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