New technical regulations for the production of cement products, steel frames, electric cables and plastic pipes came into effect on January 15. The updated technical regulations have been based on the best practices of the developed countries of the European Union, says the Technical and Construction Supervision Agency of Georgia. The new construction regulations are…
Leading Georgian pharmacies have decided to decrease the price of anti-flu medicine Tamiflu, the cost of which formerly ranged in 72-99 GEL. Aversi and PSP pharmacies have complied with the request to show solidarity with the public and make the medicine more affordable. Aversi management says that the current price for the medicine is 68…
Georgia will purchase double amount of anti-flu vaccines for 2019-2020 and this will be 80,000 vaccines instead of the 41,000 purchased for 2018-2019, head of the National Disease Control Centre Amiran Gamkrelidze has reported. “The supply we had for 2018-2019 is almost used. In the autumn, before the new season, we will purchase 80,000 vaccines,”…
The largest share of gross domestic product (GDP) of Georgia by region was held by the capital city of Tbilisi (50.1%), followed by the regions of Imereti (10%), Adjara (8.9%), Kvemo Kartli (8.2%) and Samegrelo-Zemo Svaneti (6.4%). Overall, the GDP of Georgia at current prices in 2017 amounted to 37.84 billion GEL, says the regional…
Georgia’s economic performance remains strong, but downside risks to the outlook have increased, reads the third review of the International Monetary Fund (IMF) of Georgia’s performance under the 3-year Extended Fund Facility (EFF). The executive board of the IMF completed the third review on December 19. The completion of the review will release about $41.6…
The European Commission has disbursed EUR 15 million in loans to help Georgia cover part of its financing needs and support the implementation of economic reforms. The loan was provided under the first installment of its new Macro-Financial Assistance (MFA) program. “The grant component of EUR 5 million will be disbursed in the coming days,…
Japan and South Korea will be the next export markets for Georgian wine, Georgian Agricultural Minister Levan Davitashvili announced. Davitashvili accented the importance of state programs that resulted in the development of Georgian wine on export markets. The minister also underlined the increase in the Georgian National Wine Agency’s budget, which would assist in the…