Economic growth in the Caucasus and Central Asia (CCA) will weaken this year and next, hit by a slowdown in Russia, the International Monetary Fund said on Tuesday. The region, which includes eight ex-Soviet states sprawling from the Black and Caspian seas to Siberia, Iran and China, will see its economic growth …

(Reuters) – Apple Inc is planning an investor call on Monday ahead of a potential bond sale, the Wall Street Journal reported, citing a banker working on the deal. Deutsche Bank AG  and Goldman Group Incare arranging the call, the newspaper reported. Apple, which is yet to sell bonds in any other currency …

Fitch Ratings has revised the Outlooks on the Long-term Issuer Default Ratings  of ProCredit Bank Georgia  and JSC Liberty Bank to Positive from Stable and affirmed the IDRs at ‘BB’ and ‘B’, respectively. Fitch has also affirmed the banks’ Support Ratings at ‘3’ and ‘4’, respectively. A full list of …

An interview with General Director of ProCredit Bank Asmus Rotne “ProCredit Bank” is considered one of the most stable financial institutions in Georgia. What are the main factors predetermining it? In comparison with the other players in the financial market of the country, our bank is conservative in matters of …

Products of animal origin manufactured in house conditions will be sold at markets and stores since January 1, 2015. “Commersant”  was told at the National Food Agency that small farmers would be able to sell  their own products in stores and markets until 2020, however from January 2015 work of slaughters …

Experts estimate preliminary economic forecasts published by the National Statistics Office. Irakli  Lekvinadze says that  in light of the tensions in the region, Georgia’s economic growth is being observed, which is positive. As per the  preliminary estimates, compared to the corresponding period of the previous year, the average real growth …

The EU won’t provide any new funds for Ukraine to pay off its gas debt to Russia, and Moscow has no guarantees should Kiev use agreed funding elsewhere, said the EU Energy Commissioner’s spokeswoman Marlene Holzner. The European Commission is allocating €760 million ($954 million) of financial aid to Ukraine …

The insurance company Ardi is one of the stable market leaders. According to the results revealed by the  Insurance Supervision Service, Ardi steadily holds a leading position  for 2 years. The Business Development Director at the insurance company Ardi Group Misha Japaridze says  that the insurance market has grown  compared to …

Most people don’t need to be reminded that, just a few years ago, Europe teetered on the edge of a full-blown sovereign debt crisis that nearly destroyed the common currency. But apparently European financial regulators do. In the recent “stress tests”—the European Central Bank’s assessment of European banks’ ability to …

The fight over Russian sanctions is heading to court. Since early October at least six Russian companies—including state oil group Rosneft and the country’s two biggest banks—have field complaints at the Luxembourg-based European General Court. So has President Vladimir Putin’s oligarch friend Arkady Rotenberg. All of them are seeking to overturn …