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Monthly Archives: August 2016

Turnover of Poti Seaport Owner Company Shrinks 11 Times

Danish conglomerate A.P. Moeller-Maersk A/S has announced about contraction in net profits in the second quarter of 2016, as compared to the same period of 2015. The company explained the mentioned slowdown by reduction in oil prices and transportation tariffs. The company revenues have declined in all business divisions. “Net …

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Organ Donor Register Website is Created

Organ Donor Register Website is Created

Organ Transplantation Association has created a web site where people can register themselves in their lifetime if they want to become as an organ donor after death. In Georgia there is only living donation possible but no cadaver donation is developed yet. Despite the fact that the law does not prohibit cadaver donation, for the …

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Minimum Subsistence Level Decreased in July 2016

Minimum Subsistence Level Decreased in July 2016

In July 2016, the subsistence minimum decreased in Georgia and it amounted to 156 GEL and 60 Tetri for working age male. For average consumer subsistence minimum level defined with the amount of 138 GEL and 70 Tetri. Based on the Statics Office of Georgia, minimum subsistence level amounted to …

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Teliani Valley to Issue New Shares

Teliani Valley to Issue New Shares

JSC “Teliani Valley” (wine company) plans to increase chartered capital for the second time this year. Company’s announced capital is planned to grow by 12 million shares up to 400 million. Nominal value on per share totals to 0.01 GEL. In addition , a pre-emptive right is scheduled to be abolished …

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Ad Black Sea 2016 Announces Jury Team and the Chairman of Media Contest

Organizing committee of Ad Black Sea presents jury members and the Chairman of Media contest. This jury team will be headed by one of Belgium’s most awarded creatives – Koenraad Lefever, Creative Director, Duval Guillaume. Koenraad Lefever graduated Applied Arts in Brussels. After wasting some time at smaller agencies, Lefever …

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Georgia Ranked 64th Place on Global Innovation Index

Georgia Ranked 64th Place on Global Innovation Index

Georgia recently got promoted to a better position in “Global Innovation Index” and is ranked 64th out of 128 countries. Compared to the last year (2015), Georgia meaningfully improved its position from No. 73 to No. 64 in the list. Rating compiled by the World Intellectual Property Organization (WIPO)evaluates countries according to various criteria. …

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Construction of Solar Power Plant is Planned in Georgia

Construction of Solar Power Plant is Planned in Georgia

Construction of pilot Solar Power Plant is planned in Gareji Plateau, Sagarejo Municipality. Feasibility studies are planed for the purpose of its construction, ownership and operation. Supposed installed capacity is up to 5 mgwt, annual output is over 8 mln kwh. However, feasibility studies of 50 mgwt Solar Power Plant should be …

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Int’l Association Talks Possibility of Uniting Turkish Stream, TANAP

Int’l Association Talks Possibility of Uniting Turkish Stream, TANAP

Uniting of the Turkish Stream and TANAP gas pipelines at the Turkish-Greek border is absolutely a normal process, President of the International Association for Energy Economics (IAEE) Gurkan Kumbaroglu told Trend Aug. 16. He said that this process is also important in terms of diversification of energy sources and energy …

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Georgia to Implement ITU’s Big Data Pilot Program

The Georgian National Communications Commission (GNCC) has held a special meeting on the Big Data project by the International Telecommunication Union (ITU). The project coordinator Margus Tiru updated representatives of major telecommunication operators and public offices on the project details. The project aims at establishing new methodology of collecting and …

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July Records Slight Contraction in Price of Medications of Cardiology Group

The Healthcare Platform continues monitoring of medications of cardiology group as part of the Pharma Monitoring project. Jointly with the Association of Young Financiers and Businessmen (AYFB), the Healthcare Platform has explored 19 medications and identified that in July, as compared to June, the price of medications of cardiology group …

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Tbilisi to Host First Discounts Festival

On August 22-28 Tbilisi will host its first Discounts Festival on Shardeni Street. The Festival aims at promoting tourism. One of the festival days will be dedicated to Georgian Startups. The Discounts Festival unites about 100 companies with special discounts and offers. Thematic stands and tables will be placed on …

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