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Daily Archives: March 24, 2016

Medication Prices Decline As Humanity-Georgia Entered The Market

Medication prices reduction is evident tendency in the Georgian pharmaceutical market. Major pharmacy networks are lowering prices. The Panaskerteli Index also proves the medication prices diminution has become of irreversible character. Lika Chumburidze, operationы director of Inova healthcare, comments on the current market prices and the reasons for their change. …

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Bank Republic Decreased Yield on Foreign Currency Deposits

Bank Republic Decreased Yield on Foreign Currency Deposits

Bank Republic announced about the following change on foreign currency deposits. The bank reduced interest rate on foreign currency deposits. Yield of 1-year deposit in USD has been determined by 3,7% instead of 4%, EUR – has declined from 3% to 2,3%. 11% is sustained on the deposits in GEL. …

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Dugladze Wine Label Design Ranks First in a Recent Top 10 Line-up

Dugladze Wine Label Design Ranks First in a Recent Top 10 Line-up

The Dieline – one of world’s leading websites on package design – has featured Georgian wine label design Ranina on first place in last week’s Top-10 line-up. Ranina is a wine brand of Dugladze Wines & Spirits, developed in cooperation with Branding.ge, a Georgian brand consulting company. Branding.ge worked out name of …

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The Government Works on the Employment Model of Students

The Government Works on the Employment Model of Students

The MP has sign out professional education from the plan of 4-paragraph government reform. According to Kvirikashvili, creation of professional education system oriented on the labor market is a primary task. He recalled the international researches, which indicates to the hampering factor of economic development and unqualified working forces. “The …

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5-star Hotel Pullman to Open in Axis Towers

Hotel Pullman to be Placed in Axis Towers

Hotel Pullman will be placed in Axis Towers. JSC “Axis Towers” has already signed an agreement with famous hotel chain Pullman Hotels & Resorts. According to the company, 5-star hotel will be opened in 2018. The hotel will include 234 rooms, which will host business tourists. The hotel should employee over …

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Budget for Funding Start-ups Allocates 30-35 mln GEL

Budget for Funding Start-ups Allocates 30-35 mln GEL

Dimitri Kumsishvili, minister of Economy announced that 30-35 million GEL will be allocated to the budget for funding start-ups. According to the minister, with the initiative of the Ministry of Educaion and Science of Georgia plans partnership with private and public professional institutions, where people become masters in several fields, that …

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U.S. Says to Expand Military Cooperation with Georgia

Soldiers Georgian

The United States will increase participation in joint military drills with Georgia this year, visiting U.S. European Commander Philip Breedlove said here on Wednesday. “This May the Noble Partner 2016 military exercise will bring Georgian, U.S., and UK soldiers together for three weeks to test our respective NATO Response Force …

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Revenues from Shah Deniz Project Revealed

Shah Deniz

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the implementation of the project for developing the country’s Shah Deniz gas and condensate field from 2007 to March 1, 2016, totaled $2.457 billion. SOFAZ received $18 million from Shah Deniz project in January-February 2016 and $14 million of …

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Southern Gas Corridor Sells $1 bln Eurobond: Reuters

Azerbaijan’s Southern Gas Corridor company has sold $1 billion in a 10-year Eurobond, the finance ministry said on Thursday. “Demand for the Azerbaijan’s Southern Gas Corridor bond was secured in a great part by investors from the United States and Great Britain,” the ministry said in a statement. The Eurobond …

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