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Daily Archives: October 10, 2017

Metro Station University to Receive the First Passengers in a Few Days

The Tbilisi Metropolitan 23th Metro Station “University” will receive the first passengers in mid-October. They state about this in the Municipal Development Fund of Georgia. According to the foundation, all types of construction works are completed in metro station “University”. For some time the station worked in test mode and …

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EUGBC: Land Regulations should Be Revised

Government of Georgia is ready to take into account recommendations by the Board of Investors and adopt the land law in the form that will not object to international agreements between Georgia and other countries, Zviad Chumburidze, secretary general of EU-Georgia Business Council, noted. The point is that the Board …

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Open Letter to Philip Morris International (PMI)

September 14, 2017 André Calantzopoulos Chief Executive Officer Philip Morris International Avenue de Rhodanie 50 1007 Lausanne, Switzerland Dear Mr. Calantzopoulos, The undersigned organizations, representing global health, human rights, consumer protection, medical and other organizations, call on you to immediately cease the production, marketing and sale of cigarettes. This action …

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Fitch: Georgian Banks Are Well Positioned to Withstand Pressures

Georgian banks are well placed to absorb potential pressures. Fitch Ratings said at its annual conference on Georgia in Tbilisi today. Sector asset-quality metrics have remained resilient through the credit cycle. Capital buffers are strong and profitability has improved, helped declining risk costs Banks’ asset quality metrics have been solid …

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