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Tag Archives: georgia

Banking Sector’s Profits Grow

The Banking Sector’s Profits in last years Exceeded the 2001-2013 Profits Twice According to the National Bank of Georgia (NBG), in 2017 net profits of Georgia-based commercial banks (profits after profits tax) made up 870 million GEL, up 191 million GEL as compared to the 2016 indicators (+28%). Net profits …

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Oil Shipments from Georgia’s Batumi Port Down 34%

Oil and related shipments from Georgia’s Black Sea port of Batumi in January were down 34 percent from a year earlier, an official at the terminal, operated by Kazakh KazMunaiGas, told Reuters. The official gave no reason for the fall, but state company KazMunaiGas continued to reroute some shipments to …

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Nike, Puma, New Balance and Other Brands Expands Output in Georgia

Clothing factory that manufactures brand products of Nike, Puma, Lotto, Erima, New Balance and Under Armor, plans to expand business. Ajara Textile plans to hold an official inauguration with expanded workshops, showrooms and new employees. Jengiz Ozkendir, the factory director, noted that the factory has introduced the so-called bonus system …

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Expired and Unlicensed Medications Detected on Pharmaceutical Market

Generics

Over the past year, Medical Activities Regulatory State Agency has carried out 883 measures for control of violations of pharmaceutical activities. Activities including lawbreakings were found in 821 cases, including 33 facts of turnover of unpermitted pharmaceutical products; 68 facts of violation of rules for annihilation of expired pharmaceutical products, …

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Conundrum of Unemployment

Unemployment is the sharpest problem in Georgia. This is confirmed by various public polls done by local and international organizations. However, public discussions and media coverage do not fully reflect deepness of this problem. There is a lack of discussion  in Georgian society regarding the problem of unemployment due to …

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PM: BTK Project Changed Transport Map of Georgia

Davos

The Baku-Tbilisi-Kars (BTK) railway project has changed the transport map of Georgia, Prime Minister Giorgi Kvirikashvili said. He made the remarks addressing the ‘Strategic Outlook: Eurasia’ panel at the World Economic Forum in Davos on Jan.23. Kvirikashvili said that the international projects being implemented and the geographic location of Georgia …

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H&M To Open Second Store in Tbilisi

One of the world’s largest fashion retailers, known for offering fashion and quality at the best price in a sustainable way is proud to announce the opening of its second store in East Point Shopping & Entertainment City. The store is set to open in Spring 2018. In the East Point …

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James Blunt Concert to Include Performances with Georgian Rock Bands

James Blunt is set to collaborate with Georgian rock groups Young Georgian Lolitaz and Loudspeakers at his concert in May The famous British popstar James Blunt will visit Georgia during his world tour. The festival will be held on May 26, on Georgian Independence Day, at the Mikheil Meskhi Stadium. …

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