Nodar Kapanadze, an expert in the field of socio-economic issues made a statement in the TV program “Obiectivi” about the novelty of pharmaceutical sector. We are talking about the intention of Bank of Georgia Holdings Georgia Healthcare Group PLC (“GHG“), that plans to purchase pharmacy chain GPC.
According to Kapanadze, this fact implies to put money from one’s to another’s pocket. Thus another big monster will be created in Georgia. Moreover, this is linked to a financial institution such as “Bank of Georgia”.
“This is the biggest problem. Pharmaceutical, insurance and hospital sectors are united and controlled together. This is in fact nonsense. Moreover, if this is included in the holding of Bank of Georgia, this is a disaster”,
“The Govt should do everything and adopt a law that will not allow this fact at all. In general, it should be stated that all laws must conform to the mold. More precisely, pharmacistand insurer do not have to be together. “- Kapanadze announced. Herewith, he considers that the banks should not be engaged in non-core activities.