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Daily Archives: December 9, 2014

Whether the Same Fate Awaits for Rustavi Automarket as PrivatBank’s Subsidiary?

Auromarket Autopapa’s Autoparty  founded by the Ukrainian PrivatBank which operates in the city of Rustavi  does not expect radical changesafter the acquisition of the bank’s subsidiary by Bank of Georgia.  General Director of the automarket Yevgeny Ustinov  told Commersat. “One of the founders of our market is the UkrainianPrivatBank as well …

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BEELINE PLANS TO INTRODUCE 4G HIGH-SPEED WIRELESS INTERNET

The Georgian National Communications Commission (GNCC) has appointed an auction to sell a radio frequency spectrum license for introduction of the 4G broadband internet services. The deadline for submission of applications will end at 17 o’clock on December 19, 2014. The auction is scheduled for 13 o’clock on December 29, …

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Crude Oil Is Crashing

Crude oil is crashing again. On Monday morning, the price of both Brent and WTI crude was at a five-year low, extending losses that started accelerating about two weeks ago after OPEC did not move to curb production. Many in the market expected OPEC to cut production in order to …

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BRITISH TECH-FUND SEARCHING FOR THE NEXT DANISH IT GEM

The British-based venture capital fund AppIdea is looking to invest about 19 million kroner into Danish tech-startups as part of a concept that makes use of Scandinavian innovation and eastern-European program development. Mikheil Chkhartishvili, the managing partner and chairman of AppIdea, is attracted to Scandinavia because of the region’s creativity …

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Genetics show Viking women colonized new lands, too

Vikings may have been family men who traveled with their wives to new lands, according to a new study of ancient Viking DNA. Maternal DNA from ancient Norsemen closely matches that of modern-day people in the North Atlantic isles, particularly from the Orkney and Shetland Islands. The findings suggest that …

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