Economy

Four Pharmaceutical Companies Fined for Price Collusion in Georgia

National Competition Agency has imposed fines on four pharmaceutical companies for anti-competitive practices, specifically for violating Article 7 of the Law of Georgia

Securitization: A New Capital Market Instrument Emerges in Georgia

"Securitization will introduce a new instrument to the capital market, allowing interested investors to participate," stated Levan Tsutsunava, Managing Partner of Alpha Capital Advisor, on the "Business Partner Peak Hour" program.

Construction of Anaklia Port Set to Commence in 2024," Announces Prime Minister Irakli Garibashvili

Prime Minister of Georgia, Irakli Garibashvili, announced during his 2023 report presentation that the long-awaited construction of the Anaklia port will commence in 2024.

European Council Grants Candidate Status to Georgia

In a landmark decision, the European Council has granted Georgia the status of a candidate country, while also initiating accession negotiations with Ukraine and Moldova, as announced by the President of the European Council on Twitter.

Middle Corridor Transport Route Set to Be Fully Operational in One Year: Prospects for Georgia's Economy

Today's conference at the Black Sea Platform explored the imminent full operation of the Middle Corridor transport route, expected within the next year.

"State Engagement Varies Across Reforms," Notes "Reformer" Program Manager Giorgi Papava

Giorgi Papava, the manager of the "Reformer" program, shared insights on state participation in reforms during the "Business Partner Peak Hour" program.

ADB President Highlights $100 Billion Climate Change Initiative at CAREC Ministerial Meeting

Masatsugu Asakawa, President of the Asian Development Bank (ADB), addressed the 22nd ministerial meeting of the Central Asian Regional Economic Cooperation

Tbilisi to Welcome 18-Meter Buses on Key Routes

Tbilisi Mayor Kakha Kaladze recently announced the introduction of new 18-meter buses, set to replace the existing 12-meter models on four major routes

Monks Revive Ancient Bread Baking Tradition with a Modern Twist

In the village of Khutsubani, at the St. George Monastery, an age-old tradition of bread baking is being revitalized with a unique and innovative approach.