Georgia: citizens to save $69 million thanks to import of Turkey-made medicines

Georgian Health Minister Zurab Azarashvili said calculations showed Georgian customers would save about GEL 200 million ($69 million) thanks to the Government initiatives of importing medicines from the Turkish market and implementing reference prices on the domestic market this year. In his comments to journalists following the weekly Government meeting, Azarashvili said the Government’s expectations…

Georgia: loan volume down in July 2022

Commercial banks in Georgia loaned GEL 42.09 billion ($14.85 billion) and received deposits of GEL 38.75 billion ($13.67billion) in July, the latest data from the National Bank of Georgia showed. The volume of loans decreased by 3.58% in July compared to the previous month, while the number of deposits increased by 1.27%. Last month, the…

Georgia: projects discussed with World Bank Group

Georgian officials met World Bank Group representatives on August 25 to discuss current and future projects, as the parties were marking 30 years of partnership this year, the Ministry of Finance said. The meeting involved Finance Minister Lasha Khutsishvili with Sebastian Molineus, the World Bank Regional Director in the South Caucasus, and Miguel Eduardo Sanchez…