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Daily Archives: May 16, 2016

Magti Pushes us Back to 1990s

MagtiCom Wants to Attract 100 mln USD from EBRD

Magti raises service tariffs after competitive environment narrows. Magticom has increased the standard tariffs in all cellular and landline networks to 0.24 GEL a minute. The Banks&Finances wrote in April that Magticom company intended to increase service tariffs. The company notified its subscribers about the decision via SMS notification, but the …

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Multi-Sports Complex Constraction Takes Place at Tsageri

Multi-Sports Complex Constraction Takes Place at Tsageri

In Tsageri region multi – sports complex is being built. It’s contract value makes up 2 714 143 GEL. Also, in lower Tsageri a new 30-child kindergartens construction continues with the contract value of 404 404 GEL. In 2015-2016 5 new kindergartens were built and 8 schools were reconstructed and …

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Egyptian Official Delegation of Tourism Sphere Visits Georgia

The official delegation of Egyptian tourism sphere, and 13 leading travel companies will visit Georgia on May 18, 2016. Thus, on May 18, 11:00 a.m. concerning the visit the press conference will be held at Cron Palace Hotel. The main purpose of the meeting with the representatives of the media is to …

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Value of Family First Aid Kit Declines by 33.6 Percent


The Healthcare Platform organization continues publishing the April report for the Panaskerteli Medicine Chest as part of the Panaskerteli Pharma Monitor project. After baby medicine chest, the organization has identified the list and prices of medications and accessories for the family medicine chest. The research has showed that as compared …

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World Bank Helps Georgia To Develop Tourism Infrastructure


The World Bank (WB) will allocate Georgia $9 million for the restoration of urban, municipal and tourist infrastructure in Imereti region (Western Georgia) in order to promote cultural and historical monuments as well as attract tourists, Sputnik news agency reported. Financial resources will be allocated for the additional financing of …

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Georgia Healthcare Launches New Tbilisi Ambulatory Clinic


Georgia Healthcare Group PLC on Monday said it has launched a new ambulatory clinic in Tbilisi in Georgia. The Georgia-based healthcare company said the clinic is the start of a new cluster and is located in the Mtatsminda area of the Georgian capital. “I am delighted to announce the launch …

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Nodar Khaduri Met with the Executive Director of IMF Meno Schnell

Nodar Khaduri Met with the Executive Director of IMF Meno Shnell

Nodar Khaduri, Minister of Finance (MOF) of Georgia met with the Executive Director of International Monetary Fund (IMF) Meno Schnell. In particular, during the meeting, the parties discussed economical issues and the Medium-Term Macro economic Indicators facing in Georgia. Meno Schnell is on a working visit to Georgia. Herewith, they talked about the ongoing program of …

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62% of Employers Apply to Friends and Relatives to Seek Professional Staff


The circle of friends, relatives and personal contacts – the widespread mechanism for seeking and employing professional staff in Georgia. About 62% of employers in Georgia actively use these methods. A corresponding report published by ACT provides information on the attitude of employers towards the vocational schools. Forty-four percent of …

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Producer Price Index for Industrial Products decreased in April


In April 2016 the Producer Price Index (PPI) for Industrial Products decreased 1.2 percent over March 2016. The index declined 1.6 percent compared to April 2015 and rose 22.9 percent over the 2010 average. In April compared to previous month prices decreased 1.3 percent for manufacturing and the section contributed …

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