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Monthly Archives: February 2016

Multi Profile Hospital to Be Constructed in Rukhi

Hospital Rukhi

In the beginning of the next year multi functional university hospital with a capacity of 220 patients will be opened in Rukhi. The construction works are in the active phase. Completed and ongoing works were visited by Prime Minister of Georgia and the members of the Cabinet. The main building …

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Entrance of Alexander Mashkevich Will Have Positive Outcomes: Soso Tsiskarishvili

Head of Expert club Georgia, Soso Tsiskarishvili responds to entrance of famous billionaire Alexander Mashkevich in Georgia’s pharmaceutical market and notes that such large scale investment and opportunities for developing this sector are not easily gained. As for Mr. Mashkevich, he has quite long and positive experience with Bidzina Ivanishvili. …

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BTK Railway is a Historic Project: Georgian, Azerbaijani, Turkish FMs

The Foreign Ministers of Georgia, Azerbaijan and Turkey visited the Georgian section of the Baku-Tbilisi-Kars railway main line, as part of the trilateral meeting in Tbilisi on Feb.19, Georgian Foreign Ministry’s press service reported. According to the Foreign Ministers of the three countries, it is a project of historic importance …

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Export in the EU is Declined by 38%, While 46% in the CIS

EXPORT

January has turned out successful for the exporters in the EU, as well as in the CIS space. According to Geostat, foreign trade turnover with the EU has made up 137 million USD in January, 2016, which is less by 25% comparing to the same indexes of the previous year. …

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Georgia Regards Azerbaijan its Strategic Ally in Gas Supplies

Georgia Regards Azerbaijan its Strategic Ally in Gas Supplies

Georgia, which enjoys significant transit potential for delivering hydrocarbon resources of the Caspian basin, is ambitious to transit Iranian blue fuel to Europe. Georgian Energy Minister Kakha Kaladze’s statement that his country can import Iranian gas “either through Azerbaijan or through Armenia,” has given birth to concerns about reliability of …

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Turkish Will Serve Heli-skiing Tours in Mestia

Heli-Skiing

Turkish company Guneydogu Havacilik will implement service of Heli-skiing tours and tourist groups in Mestia. Agency of Civil Aviation has approved company’s application on making operations in Mestia resort zone from March to April. Helicopter company plans to operate in Mestia resort zone in cooperation with Georgian SkiGeorgia Group. The …

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PMCG Supports MoLSHA to Enhance its Capacity in IT

PMCG Supports MoLSHA to Enhance its Capacity in IT

PMCG, as part of a consortium led by Tetra Tech ARD, is supporting the Ministry of Labor, Health and Social Affairs (MoLHSA) to enhance its capacity in information technology (IT), within the framework of the USAID GGI project. Recently, MoLHSA introduced a national health information system and a national eHealth …

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Review of Banking Sector in 2015: PMCG

Banking

In December 2015, compared to the same month of the previous year 2014, the volume of total deposits increased by 24.8% (3 080 mln GEL), while the volume of total loans to the national economy increased by 23.5% (3 074 mln GEL), PMCG reports. Taking exchange rates into consideration, the …

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A New Shop Xchange Opens in Tbilisi

Xchange

Customers will be able to acquire new and used devices in the new shop – Xchange. According to Marketer, the idea of the shop belongs to Giorgi and Tato Mikadze. The shop is analogue of business model already introduced in Europe and America, which enables the customers to purchase, change …

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AZAL Establishes its Low-Cost Brand

AZAL Establishes its Low-Cost Brand

Azerbaijan Airlines has announced plans on establishing a new brand – AZALJET, representing low-cost destinations of the airline. Flights under AZALJET brand will be operated based on the existing infrastructure of Azerbaijan’s civil aviation from March 28, 2016. Baggage and meals on board will be offered for additional payment on the …

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Georgia’s Mountain Villages Will Get Electricity After 27 years

Lentekhi

Four Georgian villages located in Lentekhi municipally, will get electricity for the first during 27 years, Georgian government made the decision. Pursuant to the Government’s decision, electrification of four villages of Lentekhi Municipality will be conducted. Namely, for the purpose of electrification of villages – Mananauri, Tskhumaldi, Bavari and Khacheshi, the …

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