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Monthly Archives: December 2015

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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Georgia Wins Gold At Eurobest Festival of Creativity

Georgia Wins Gold At Eurobest Festival of Creativity

Georgian company Leavingstone received gold at Europe’s prestigious Eurobest Festival of Creativity. This year two Georgian teams Live Branding and Leavingstone took part in the competition. The Festival was organised by Lions Festivals, the team behind Cannes Lions, Dubai Lynx and Spikes Asia. The Eurobest Festival has a purely European focus and engages …

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Tender Announced on Ownership of Three Major Hospitals of Tbilisi

A tender is announced on management, ownership and operation of three hospitals in Tbilisi – Republican Hospital, Cancer Center and Children’s Infectious Diseases Hospital. So far, the Austrian consortium Alpha Medic deserved the highest interest among the tender participants. Precisely this company has been able to present full documentation in …

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Top 20 Countries for Best Public WiFi in 2015

Lithuania has emerged as the country providing the best public WiFi services, beating out wealthier nations such as Singapore and the United Kingdom, according to the results of a new survey based on users’ experiences. The speed and quality of public hotspots have been tested in 184 countries. The Eastern …

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Oil Prices Globally Are Near 6-Year Lows

oil

Oil has slipped close to levels last seen during the financial crisis ahead of Opec’s meeting this week, with little sign the cartel will reverse its policy of maximising production to squeeze higher-cost rival producers. A year on from the group’s landmark Saudi-led decision to open the taps, global oil …

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Inflation in Georgia Reaches 4-year Low

Rate of inflation in Georgia has intensified. According to the data by Geostat In November 2015 the annual inflation rate in Georgia equaled 6.3 percent, which is 4-year maximum. According to Geostat, in November inflation rate equaled to 0/3% compared to previous year. The annual inflation rate was mainly influenced by …

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Vogue: Why Georgia Is the Secret Gem of Europe

Khachapuri

“This holiday season, forget the plane ticket to Milan. Cancel Berlin. And don’t bother with London. Instead, head to Georgia,” writes the article published in Vogue. Adding to this writer notes: “The country has been under an international spotlight recently thanks to the Georgian-born designer Demna Gvasalia of Vetements, who …

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International Hotel To Open in Kutaisi

Hotel Best Western Kutaisi

 New international 3-star brand hotel will be opened in Kutaisi before the end of the next year. The hotel, constructed by Partnership Fund jointly with LLC “Capital Holding”, will be the first branded hotel in Imereti region. According to the Fund, the hotel should be placed in the historic centre …

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Cartu Bank’s Profit Approaches GEL 35 mln

CartuBank

“Cartu Bank” received profit of 35 million GEL in 10 months and its share is determined by 8,7% among the profitable banks. As of November 1, deposit portfolio (without banking deposits) amounts to 510 million GEL (01.11.14 – 289,4 million), loans – exceed 844 million GEL (01.11.14 – 449 million). Respectively, …

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