Georgia opens high-tech Ynnnovas pharmaceutical factory
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A new high-tech factory has opened in Georgia’s capital Tbilisi to produce pharmaceutical products by using the healing potential of Georgian flora.
The new Ynnovas factory will also preserve family recipes and offer support to bring them into the pharmaceutical industry.
About nine million GEL was invested in the Ynnovas factory.
Ynnovas was officially opened today. Georgia’s Prime Minister Irakli Garibashvili and other representatives from the Georgian Government attended the opening ceremony.
This is a clear example of cooperation between the state and private sector. The factory will process 100 percent Georgian raw materials and employ up to 2,000 people per season,” said Garibashvili.
Ynnovas was opened within the state agricultural program ‘Produce in Georgia’. So far 123 projects have already been financed within the initiative.
Garibashvili said 350 million GEL had been invested in development of Georgian industry within the ‘Produce in Georgia’ scheme.
A new enterprise has opened in Georgia that will benefit the country’s construction sector, support the economy and employ the local population.
One year on from the establishment of the Produce in Georgia program, 90 new projects with a collective investment portfolio of $252 million USD have been implemented in the country, says Georgia’s Economy Ministry.
A multi-million dollar greenhouse has opened in the Kapanakhchi village in Georgia's Gardabani region within the framework of the state program Produce in Georgia.
Five new businesses will open in Georgia's regional areas under the 'Produce in Georgia' scheme to help boost the Georgian economy.
The Government of Georgia has approved 25 new projects within the ‘Produce in Georgia' scheme, in which 46 million GEL ($27 million USD) will be invested into the country’s business sector to stimulate domestic production and develop production-oriented industries
The Government of Georgia has approved two new projects within the ‘Produce in Georgia' scheme, in which 46 million GEL will be invested into the country’s agricultural sector as a way to stimulate domestic production and develop production-oriented industries.
Four million GEL was invested in the new Geocap company, which was implemented under the ‘Produce in Georgia’ state program.
Georgia is building a new European standard pharmaceutical factory in capital Tbilisi.
The cost of medicines in Georgia will soon be 30 percent cheaper. The Government is about to implement "one of the biggest projects” in the healthcare sector to develop the country’s hospitals and pharmaceutical industry.