Who Owned Georgia English.pdf

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the large import/distributors and retailers benefit from thenearly 2000 individually owned outlets that cannot import forthemselves 237 .When ABC Pharmacy’s, PharmDepo, arrived on the retailmarket in 2009, it created a general price decrease because it wasable to offer lower prices as a result of its high import shares.Nevertheless, the nearly 2000 pharmacies still depend on the“Big 3” for over 60% of their stock. 238PharmDepo pharmacies were welcomed with an aggressivecampaign that would make a robber baron grin. No sooner did theyopen their doors, than Orange Pharmacenter pharmacies beganto appear nearby, also selling medicines at a 20-25% discount.In early 2010, the registered director of Orange Pharmacenterwas Kakhaber Panchulidze 239 . He is also the registered director ofPSP 240 and was a parliamentarian for the ruling party until 2012.Orange Pharmacenter’s legal address had been Ingorka St. #1,which is now the address of a PSP pharmacy 241 .Stephanie Komsa, the founder and director of KomsaInternational, a Georgian-based investment consultancy, believes237 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 05/12/2012238 Report on Pharmaceutical Market in Georgia. p. 17 TransparencyInternational Georgia http://transparency.ge/sites/default/files/post_attachments/The%20Pharmaceutical%20Market%20in%20Georgia_June%202012l_0.pdf Accessed 05/12/2012239 Public Registry. Ministry of Justice of Georgia, 22/03/2010 https://enreg.reestri.gov.ge/main.php?c=mortgage&m=get_output_by_id&scandoc_id=37286&app_id=45535 Accessed on 05/12/2012240 Report on Pharmaceutical Market in Georgia. p. 18 TransparencyInternational Georgia http://transparency.ge/sites/default/files/post_attachments/The%20Pharmaceutical%20Market%20in%20Georgia_June%202012l_0.pdf Accessed 12/12/2012241 Yellow pages. Yell.ge http://yell.ge/srch_adv.php?lan=2&name=&city_id=0&address=1+Ingorokva+&keywords=&phone=&Submit.x=26&Submit.y=1Accessed 05/12/201258
the pharmaceutical market is ripe for investment and points tothat fact that Georgia has no pricing controls on pharmaceuticalsand no VAT is charged on pharmaceuticals and pharmaceuticalinputs.“Until now, the pharmaceutical retail market has longbeen perceived to operate with high pricing margins and withdomination by a small handful of players,” she wrote in anarticle for Investor.ge, the magazine of the American Chamber ofCommerce. “… some data has shown as much as 25% decreasesin pharmaceutical prices as a result of increased competition, 242 ”she adds, but this figure is misleading.The median unit price of medicines did decrease between2009 and 2011, especially for original brands, although, thisdecrease occurred only for 27% of the original brands and21% for the lowest price generics. The rest of the medicinesactually increased in price. In other words, three-fourths of themedicines on the market have become more expensive 243 . Oneexplanation for this could be that some groups of medicines aremore preferred, due to increasing import opportunities. Anotherexplanation is that the major distributors might have purposelypushed a group of medicines down to stimulate a positive imageof market development.A study by Curatio International Foundation (CIF) revealedthat Aversi, PSP and GPC have the highest decrease on originalbrands and the highest increase of lowest price generics. CIF says242 Investor.ge Issue 2, 2012. April-May http://www.investor.ge/article_2012_2.php?art=5 Accessed 05/12/2012243 Rationalization of Pharmaceutical Expenditures in Georgia, Partnership forSocial Initiatives. p.3 GotsadzeT. (2011) http://www.psidiscourse.ge/files/files/pdfs/Rationalization%20of%20the%20Pharmaceutical%20Expenditures%20in%20Georgia.pdf Accessed 05/12/201259
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INTRODUCTIONOne day shopping with m
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closely affiliated to Eduard Shevar
Page 10 and 11: news to the Autonomous Republic of
Page 12 and 13: If the authorities had wanted, they
Page 14 and 15: Tbilisi Mayor Gigi Ugulava, who was
Page 16 and 17: Kakhi Beqauri and Eldar Mdinaradze.
Page 18 and 19: oadcasting 39 but sold the frequenc
Page 20 and 21: He went on to say that later that d
Page 22 and 23: with Russia, which sent the nation
Page 24 and 25: Irakli Okruashvili case in Septembe
Page 26 and 27: them in the street. They took trans
Page 28 and 29: Maestro contends the dishes were pa
Page 30 and 31: In the meantime, Chikovani has rema
Page 32 and 33: General Media arrived in early 2011
Page 34 and 35: merger of the Caucasus Network, Geo
Page 36 and 37: In cases when the owner of a busine
Page 38 and 39: the shares and LLC Investico Allian
Page 40 and 41: 38WHO OWNED OUTDOOR ADVERTISING?Whe
Page 42 and 43: The latest Civil registry entry has
Page 44 and 45: On September 12, 2011, JSC Adprojec
Page 46 and 47: ut we are only partly correct. The
Page 48 and 49: estaurants to confiscate documents
Page 50 and 51: Delta Holding, the football (soccer
Page 52 and 53: A PHARMACEUTICAL OLIGOPOLY“Why ar
Page 54 and 55: to construct manufacturing sites an
Page 56 and 57: A loan from the European Bank for R
Page 58 and 59: People’s Pharmacy, a small pharma
Page 62 and 63: that the decrease could be their sh
Page 64 and 65: Kvadimax, Enozid H, Musitroli, Amta
Page 66 and 67: 64IT’S CALLED DEVELOPMENTIn 2002
Page 68 and 69: uling party leader in the region wa
Page 70 and 71: Federation. The Georgian prosecutor
Page 72 and 73: went to Argilstone Investment and 4
Page 74 and 75: (10%). 290 Like Lemise, Interplast
Page 76 and 77: then buying it back from that group
Page 78 and 79: elonged to Kapital Vostok, a Swiss
Page 80 and 81: a fantasy settlement just south of
Page 82 and 83: made quite a profit, as Sairme is i
Page 84 and 85: and the Tbilisi Development Fund, t
Page 86 and 87: land from the Fund along Aghmashene
Page 88 and 89: On December 24th, the economy minis
Page 90 and 91: had never been properly notified. 3
Page 92 and 93: In 2009, Stanton was renamed GeoPro
Page 94 and 95: Tkibuli is a derelict post-Soviet i
Page 96 and 97: POSTSCRIPTWhen Georgians went to th
Page 98 and 99: While Rustavi 2 was passing through
Page 100 and 101: On October 5, Maestro TV and Global
Page 102: and further reasons why foreign inv
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