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Monthly Archives: September 2015

Expert: State Should Review Profit of Pharmaceutical Companies

khatuna lagazidze

Expert Khatuna Lagazidze responded to the current situation of the pharmaceutical market, the importance of the quality of drugs in Georgia and the recent increase in prices. Lagazidze noted that to some extent the country still needs intervention of the government in certain areas. Reviewing profit margins of the pharmaceutical companies is inevitable, according to the …

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High Prices of Drugs are Caused by Unhealthy Competition

Manana Nachkebia

Manana Nachkebia, one of the leaders of “New Right” responds to pharmaceutical market issue, and noted, that any subsidy, eventually harms both state and society. Only populists are making such statements, that the state takes responsibility for everything. We have to wait for the stabilization of the exchange rate, but …

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A Major Foreign Investment Green Budapest Celebrates One Year Anniversary

The international construction company Macro Construction will hold a presentation to celebrate the 1-year anniversary of its project Green Budapest on October 9. The presentation will take place at 7 pm on Panjikidze Street 22 (former Budapest Street). Among the invited three hundred guests there are the future residents of …

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Rural Development Strategy For Ajara Autonomous Republic 2016-2021

Assessment of the Existing Situation and Development Indicators 1 The first part of the Rural Development Strategy for Ajara AR analyzes the current situation at the regional and municipal levels and provides indicators, which will be used to evaluate rural development in Ajara in 2021. The strategy will include overview …

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Georgian Railway Workers Union Celebrates 110th Anniversary

On October 4th, Georgian Railway’s Workers Union celebrates its 110 years anniversary. Workers Union archives keep many significant and interesting facts that have years of history. A special event will be held at Art Hall to celebrate this date and demonstrate to the public the Workers Union’s creation history. Railway workers from different …

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Russia’s VTB Posts August Net Profit, Narrowing Year-to-Date Loss

VTB Bank, Russia’s second-largest lender, remained profitable in August thanks to a higher net interest margin, the bank said Monday. VTB said its net profit for August was 0.4 billion rubles ($6.1 million), which helped lower its year-to-date losses to 14.6 billion rubles. In August last year, when the ruble …

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Georgia Regions With Dominating Agriculture Products

The recent research has showed the Shida Kartli Region is famous for apple and cherry production, while the Kvemo Kartli produces a plenty of onion, tomato and cucumber. The Kakheti Region is a leader in peach production and viticulture. The Imereti Region is famous for dairy products and greenery. The …

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Abandoned Geocell With Misty Future

Corruption scandal in Uzbekistan has made TeliaSonera withdraw from Georgia and the CIS markets by alienating its own operators and shifting a focus on the EU market. Farewell to Eurasia Swedish-Finnish TeliaSonera has decided to withdraw from the Eurasian small market that mainly unites the CIS member countries. The company’s …

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International Coffee Day

international coffee day

International Coffee Day is an occasion that is used promote and celebrate coffee as a beverage, with events now occurring in places across the world. The first official date will be 1 October 2015, as agreed by the International Coffee Organization and will be launched in Milan. This day has …

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Southern Gas Corridor’s Realization in Georgia on Schedule

Mariam Valishvili

Realization of the Southern Gas Corridor project in Georgia is going on in line with schedule, Georgian Deputy Energy Minister Mariam Valishvili said in an exclusive interview with Trend Sept. 28. “The work schedule is being complied with, and there are no problems,” said Valishvili. “All the agreements have been …

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