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Monthly Archives: February 2016

Black Sea Pearl: $5 bln Project in Ajara

 UAE, American and Czech investment groups will carry out a 5.1 billion USD project in the so-called former military range territory, in the Gonio settlement, Archil Dolidze, head of the Business and Tourism International Center told the Business Contact. Mr. Dolidze has not named specific companies, though. The project calls …

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Business Kurieri Reveals: Medications of Humanity- Georgia Are the Cheapest

Recently Humanity-Georgia a new pharmaceutical company has entered Georgian market and provoked decrease prices of medications, local economic TV show “Business Kurieri” wondered how right this information was. To discover this, TV show has selected random ten put of 250 imported medications and compared them with local analogs and brand …

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Southern Gas Corridor Remains Priority for EU

Southern Gas

The Southern Gas Corridor project remains a priority for the European Union, a European Commission energy spokeswoman told New Europe. “The immediate priority for the region remains the completion of the Southern Gas Corridor, including TANAP, the Greece-Italy Trans-Adriatic Pipeline and the Greece-Bulgaria IGB interconnector,” said the spokeswoman. She noted …

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Humanity- Georgia Continues The Campaign of Humanitarian Campaign of Medications

Humanity Georgia

Humanity-Georgia pharmaceutical company continues the campaign of humanitarian aid of drugs. From Monday consumers will get 30% cheaper set of antibiotic, probiotic, antiphlogistic and analgetic medications imported from abroad.   The pharmacy networks of Aversi, Impex-Pharma, PSP, People’s Pharmacy, Pharmadepot, Pharm House and GPC will receive both cordial medicines and …

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Maros Sefcovic Gighlights Azerbaijan’s Role in Southern Gas Corridor

Maros Sefcovic Gighlights Azerbaijan's Role in Southern Gas Corridor

The Caspian region will play very important role for the energy security of Europe, the EU Commission Vice-President for Energy Union Maros Sefcovic said in an interview with Trend. Maros Sefcovic will pay official visit to Baku to participate in the second Southern Gas Corridor Advisory Council Meeting on Feb. …

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Boy Finds 3,400-year-old Figurine in Israel

A 7-year-old Israeli boy is being hailed after finding a piece of history during a day trip to an archeological site. Ori Greenhut was climbing a mound at Tel Rehov with friends when he came across a covered figurine, said the Israel Antiquities Authority. The boy brushed off the dirt …

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Georgian Students to Start Beet Chips Production

Georgian Students to Start Beet Chips Production

Georgian students from Agrarian University want to produce beet chips. Additionally, Estonian market is already interested in buying them. According to the students, they have recently produced apple chips as a test, which was followed with positive response after degustation. They think that beet chips will be no less popular …

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Mercedes-Benz Swaps Robots for People on its Assembly Lines

Mercedes-Benz Swaps Robots for People on its Assembly Lines

Bucking modern manufacturing trends, Mercedes-Benz has been forced to trade in some of its assembly line robots for more capable humans. The robots cannot handle the pace of change and the complexity of the key customisation options available for the company’s S-Class saloon at the 101-year-old Sindelfingen plant, which produces …

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Future Directions of Baku-Tehran Cooperation Named

Future Directions of Baku-Tehran Cooperation Named

Azerbaijan and Iran are set to boost the bilateral relations in all fields, and top officials’ reciprocal visits are of significant importance for realizing these plans. Given the importance of such visits, Iranian President Hassan Rouhani can visit Azerbaijan during this year, Ambassador Mohsen Pak Ayeen said at a press …

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CBA Says Banking Sector Restructuring Almost Complete

CBA says banking sector restructuring almost complete

The process of restructuring Azerbaijan’s banking sector, which started in January 2016 with an aim to revitalize the country’s banking system, is almost complete. President of the Central Bank of Azerbaijan (CBA) Elman Rustamov announced about this while talking to reporters on February 26, adding that the licenses of six …

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Askale Cement Plant to Build in Batumi

Askale Cement Plant to Build in Batumi

“Askale Cement” expressed its interest to open up cement factory in the territory of Batumi. According to the company 50 000 square meter land will be exploited in order to build the cement factory. The company will invest 30 million US dollars for the enterprise development purposes. The factory will operate with …

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