Home / 2017 (page 296)

Yearly Archives: 2017

Baku-Tbilisi-Kars Railway to Go into Service Mid-2017

BTK railway

Baku-Tbilisi-Kars railway will go into service in mid-2017, Turkey’s Transportation Minister Ahmet Arslan said Saturday, Anadolu reported. The minister’s remarks came in Ankara during a press briefing on the year review. “We will finish the Baku-Tbilisi-Kars railway project in mid-2017 and the railway will go into service,” said Arslan. The …

Read More »

Competition Agency to Agree Purchasing of 100% Farmadepo Shares by GPC

What do Psychotropic Drugstores Think about the Scheduled Regulations?

Due to the order of 28th of December, 2017 by Competition Agency 2016, GPC decided to purchase 100% shares of ABC Pharmacy (Farmadepo). To explore the situation on the market, Competition Agency requested to get information not only from different state departments (National Statistics Office of Georgia, Revenue Service) but …

Read More »

Capitalization of Georgian Companies Amounts to 2.39 bln GBP on LSE

Price of Georgian companies’ shares was insignificantly changed on London Stock Exchange in the previous week. BGEO shares were increased in price, while TBC Bank’s –decreased and costs had been increased on GHG shares. Respectively, companies’ capitalization total to 2,397 billion GBP. shares were traded in the range of GBP …

Read More »

Healthcare Sector Summery in Georgia in 2016

Minister of Labour, Health and Social Affairs of Georgia David Sergeenko summed up 2016 and spoke about the existing challenges. The main challenge, in the Minister’s words, is  the availability of outpatient medicines for vulnerable populations. “The main thing was that the universal health care which is one of the …

Read More »

International Tourist Arrivals up 7.6% in 2016

The number of Tourists in Georgia Increased by 15% in June 2016

International tourist arrivals grew  7.6% in Georgia in 2016 compared to 2015, Giorgi Chogovadze, Director of the National Tourism Administration, said at a press conference today. He noted that a total of  6 350 825 tourists visited Georgia in 2016. The largest number of  tourists arrived in Georgia from  Azerbaijan …

Read More »

Georgia Exported 50m Bottles of Wine in 2016

wine

In 2016 Georgia exported 50 million bottles of wine to the world’s 53 countries. According to  the National Wine Agency, wine exports grew 38% compared with  2015. It should be noted that exports grew  to the European Union, China, the US and other traditional markets. Compared to 2015, exports to …

Read More »

Last Year More than 6,3 mln International Visitors Visited Georgia

Last Year More than 6,3 mln International Visitors Visited Georgia

Georgia hosted record number of international visitors in 2016. According to the National Agency of Tourism, visitors’ number is increased by 7.6% in 2016 and the figure amounted to 6 350 825. Moreover, the number of international visitors, who stayed 24 hours and more in Georgia, had been increased by …

Read More »

Georgian Insurance Market – Industry Appraises Year of 2016

Georgian insurance market registers 14 insurance companies. There is sharp competition on the market and beneficiaries are able to enjoy various insurance services and products. Currently, the 2016 financial indicators have not been specified yet, but Georgian insurance sector has finished January to September period in profits. According to statistics …

Read More »

Georgia Welcomes Estonian Taxation Model

The Georgian parliament adopted changes to the country’s tax laws to introduce a new system of levying income tax on business. It will only have to be paid if corporate profit is distributed. Estonia introduced a similar model in 2000. The Georgian parliament adopted changes to the country’s tax laws …

Read More »

Vajiko Chachkhiani to Represent Georgia at 2017 Venice Biennale

The Ministry of Culture and Monument Protection in Georgia has announced that artist Vajiko Chachkhiani will represent the country at the Fifty-Seventh Venice Biennale, which will be held from May 13 to November 26 in 2017. The Berlin-based artist’s installation A Living Dog in the Midst of Dead Lions will …

Read More »

Georgia Among The 10 Hottest Travel Destinations of 2017 by Vogue

Georgia leads Vogue’s list of the 10 Hottest Travel Destinations of 2017, publshed on new year’s eve. Georgia has gotten buzz in recent years for its surprisingly great wine scene. But a stellar bottle of vino is just one reason to visit. The capital, Tbilisi, with its young, creative class and …

Read More »