Who Owned Georgia English.pdf

thatwas bought under the hospital privatization program. LikeAversi, PSP also owns an insurance company, The PSP Group.PSP Pharma, and the PSP group are fully owned by PSP founder,Kakhaber Okriashvili 216 , who is a parliamentarian 217 .The third largest pharmaceutical company in Georgia isGPC, which also started as an importer/distributor in 1995. GPCentered the retail market around 1999 and has roughly 40 storesin Tbilisi and another 10 in the regions. GPC recently started anew franchise network under the name Red A 218 . Although it isunclear who exactly owns the company because it is a JSC, thereis evidence that suggests the largest share of GPC is owned by itsfounder and director David Kiladze. 219In 1999, ABC Pharmacia Ltd. arrived on the scene as animporter/distributor of niche products. The company benefitedfrom the expanded import opportunities created by newlegislation introduced in 2009. Its import shares rose from 4% to12% between 2004 and 2012, and it is currently the fourth largestcompany on the market. In 2009, ABC opened PharmaDepotretail outlets, which offered competitive prices on prescriptionmedicines, prompting competitors to lower their prices too 220 .216 Public Registry. Ministry of Justice of Georgia. 16/10/2012 https://enreg.reestri.gov.ge/main.php?c=mortgage&m=get_output_by_id&scandoc_id=464472&app_id=539355 Accessed on 05/12/2012217 Parliament of Georgia Website http://www.parliament.ge/index.php?option=com_k2&view=item&id=103:okriashvilikakhaber&Itemid=129&lag=enAccessed 12/09/2012218 Komsa International (2011) Investment Guide; Opportunities in Georgia’sPharmaceutical Sector, in cooperation with the government of Georgia,Dec. 2011. http://www.investingeorgia.org/upload/file/Opportunities_in_Georgias_Pharmaceutical_Sector.pdf Accessed 05/12/2012219 Report on Pharmaceutical Market in Georgia. Transparency InternationalGeorgia http://transparency.ge/sites/default/files/post_attachments/The%20Pharmaceutical%20Market%20in%20Georgia_June%202012l_0.pdf Accessed05/12/2012220 Komsa International (2011) Investment Guide; Opportunities in Georgia’sPharmaceutical Sector, in cooperation with the government of Georgia,Dec. 2011. http://www.investingeorgia.org/upload/file/Opportunities_in_Georgias_Pharmaceutical_Sector.pdf Accessed 05/12/201253