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Monthly Archives: July 2016

In June Tourist’s Medicine Kit Price Declined by 2 GEL

In June Tourist’s Medicine Kit Price Declined by 2 GEL

The Healthcare Platform nongovernmental organization continues exploring the Panaskerteli medicine kits as part of the project for monitoring medication prices on the Georgian pharmaceutical market. The organization has explored the price of antiseptic drugs,  anti-insect and  sun persistent means (aerosol Lavanda, Ziaia Spray),  analgesics in four leading pharmacy networks. According …

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Georgia has Financial Claims to Azerbaijani Railways

Georgia has Financial Claims to Azerbaijani Railways

Georgia has raised a financial claim against CJSC Azerbaijani Railways (ADY). Azerbaijani sources say that Georgia is ready to raise the matter at the intergovernmental level, Fineko/abc.az reports. “Essentially the question boils down to payment of Georgian railway operators’ services by ADY on the organization of movement of Azerbaijani cars …

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PM Gogi Topadze’s Company Will Apply Financial Assistance of the State

PM Gogi Topadze’s Company Will Apply Financial Assistance of the State

Development component of the hotel industry “Host in Georgia” has another beneficiary. LLC “TskhraTskaro-2007” has a financial assistance within the frame of the program, which means that  Enterprise Development Agency will pay 8% out of 11% of the taken loan through 2 years. Total investment of the project amounts to …

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TBC Bank Doubles Budget of Business Project

TBC Bank Doubles Budget of Business Project

Project of the biggest business centre of 2012 changes architecture, concept and investment volume. President of TBC Group declares, that the new company is Dutch and it should be represented jointly with the project to the society by autumn. Mamuka Khazaradze talks about the former military quarter of Transcaucasia, where head …

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Woodoo Colorful Handmade Crafts Delivering its Own Design Niche

Wodoo Colorful Handmade Crafts Delivering its Own Design Niche

WooDoo is a workshop of color handmade things. The workshop was organized by Levan Kakauridze and his joyful and creative friends two years ago. In that period they were first ones who attracted public interest thanks to their own different handmade works, shelves and frames. The company is trying even …

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June Records Slight Decline in Price of Driver’s Medicine Kit

The Healthcare Platform continues publishing the June  report on the Panaskerteli medicine kits as part of the Pharma Monitor project. In this case the organization has explored the value of medications of driver’s medicine kit. Unlike previous months that recorded downturn tendency, in May the driver’s medicine kit price rose …

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Credit Portfolio of Commercial Banks Grows in June

Credit Portfolio of Commercial Banks Grows in June

In June 2016 the crediting portfolio of commercial banks (including loans issued to nonresident entities) has increased by 1.2 billion GEL (+7.8 month on month). The exchange rate growth without effect made up 2% month on month, according to the statistics by the National Bank of Georgia (NBG). The credit …

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VTB Bank Introduces New Product on Mortgage Credit Market

VTB Bank Introduces New Product on Mortgage Credit Market

VTB Bank has introduced a new competitive loan on the mortgage crediting market. The new products is called as Target Mortgage.   The product enables borrowers to cover costs for purchase, building, repair of real estate or the existing mortgage loan.   The loan’s interest rate is the lowest one, …

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June Records Growth in Bank Sector’s Assets

June Records Growth in Bank Sector's Assets

The bank sector’s assets in June rose by 9% month on month and totaled 25.274 billion GEL in January-June 2016. The Georgian bank sector registers 19 commercial banks, including 17 ones with foreign capital co-participation and one – a branch of foreign commercial banks. Two leading commercial banks control 60% …

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Deposits of 14,3 bln are Placed in the Banks by July 1

Deposits of 14,3 bln are Placed in the Banks by July 1

The volume of deposits in the banks totals to 14.3 billion GEL by July 1, 2016, the figure is increased by 849.5 million GEL, compared to June 1, 2016 (exchange rate effect excluded volume of deposits increased by 0.3 percent). In June, the volume of term deposits increased by 475.9 …

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Biltmore Hotel Tbilisi to be Opened with a Grandiose Show

Biltmore Hotel Tbilisi to be Opened with a Grandiose Show

Final preparation works are being carried for the opening of high-class Hotel in Tbilisi. According to the organizers, grandiose show concert, 3D laser-show will be dedicated to the opening of the hotel at 21:30 a.m. on July 31. The building is being covered with white stickers, in order to conduct unprecedented 3D and …

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