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Daily Archives: April 18, 2016

Commercial Banks to Obligatorily Participate in Deposits Insurance System

Deposit insurance

The Parliament of Georgia plans to launch discussions over the deposits insurance bill in June 2016. The Ministry of Finance has finally completed the document development. At the next stage, the government will wait for assessments by commercial banks. The bill calls for mandatory involvement of commercial banks into the …

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First Wine SPA to Open in Kakheti

Wine Spa

Schuchmann Wines Georgia winemaking company plans to unveil a wine spa in the company-owned chateau in the village of Kisiskhevi, the Kakheti Region. The company director Roland Burdiladze noted the SPA procedures include massage, sauna and bathing services and all procedures will be related to wine. The price of single …

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Georgia, Gilead Signed 10-Year Agreement to Eliminate C Hepatitis Virus

Stop C

Deputy Minister of Healthcare of Georgia Mr. Valeri Kvaratskhelia and the Vice President, Greg Alton has signed an agreement between Georgian government and pharmaceutical giant Gilead. Long term contract will provide Georgia with continuous number of C hepatitis medications until absolute elimination. John Martin, General director of the United States …

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According to the Survey, 16% of School Students in Georgia are Smokers

Georgia ranks second of all European regions in terms of number of smokers. Lela Sturua, the Head of the Non-communicable Disease Epidemiology and Health Promotion Department, declaired this information. According to her, only Russia has worse results compared to Georgia. However, the strict regulations recently set on this action will …

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Threats Hidden in Bank Agreements

The financial literacy level is low in Georgia and research works by various international organizations prove this consideration. Georgia ranks 96th among 144 countries in terms of financial literacy level in the society. According to the report of Standard&Poor’s international rating agency, only 30% of Georgian citizens understand financial details. …

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Georgia Will Manage its First Ever Gas Storage

The oil well base territory of the southern arch of Samgori has been already selected for constructing an underground gas storage. The oil well base is capable for storing 210-280 million cubic meters of oil, i.e. 15% of the current total annualized consumption. According to preliminary estimations, the project’s investment …

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Marlboro’s Back: Philip Morris Re-enters Georgian Market

Marlboro

Marlboro, the famous brand of Philip Morris, has reappeared in the Georgian market. Marlboro cigarettes are freely sold in the retail network jointly with all other brands. The resells noted that not Omega Group, but GD Group has delivered a new consignment of cigarettes of the Philip Morris brand. Since …

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Winter Season in Gudauri is Still Kicking

Gudauri, Georgia

New video featuring Gudauri in April shows that Georgian resort is still Kicking it’s season for ski and extreme lovers. As reported earlier season would last until May 2016, however this year Ski season launched early and broke 20 year record. This year tourist inflows are satisfactory, because in the New …

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