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Daily Archives: December 11, 2014

Georgian Gov’t presents 105 new enterprises to boost agricultural sector

Georgia’s Ministry of Agriculture has presented more than 100 new enterprises funded by various Government programs to enhance and develop the country’s agricultural sector. A total of 105 new businesses including five large-scale factories have been established within the ‘Preferential Agro Loan’, ‘Produce in Georgia’ and ‘Co-funding enterprises processing agricultural …

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Anaklia Port development investor revealed mid-2015

The deadline for submitting expressions of interest to develop the mixed-cargo port on a build, operate and transfer basis finished and the Government revealed seven companies out of 12 had moved on to the next stage. The progressing companies must now submit a development concept plan and funding proposals before …

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BP to make hundreds of job cuts as oil price slumps

BP will spend $1 billion on making hundreds of job cuts over the next year, in response to the continued slump in global oil prices, the Guardian reported. “We have already been working very hard over these past 18 months or so to right-size our organisation as a result of …

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Finance Minister Elected as Deputy Chairman of EBRD Management Board

Finance Minister Elected as Deputy Chairman of EBRD Management Board

Finance Minister Nodar Khaduri has held high-level bilateral meetings within the framework of the annual meeting and business forum of the Board of Directors of the European Bank for Reconstruction and Development. According to the Finance Ministry, Nodar Khaduri met with the EBRD Managing Director for Turkey, Eastern Europe, Caucasus …

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Armenian Prime Minister visits Georgia

Prime Minister of Armenia Hovik Abrahamyan is on his way to Georgia for a two day official visit. Georgia’s Prime Minister Irakli Garibashvili will meet his counterpart at the airport later today. After the meeting, both Prime Ministers will hold a joint press conference. Tomorrow, the Armenian official is scheduled …

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Drones in India

Author: Tekendra Parmar Need to Know provides context and resources to help you get a better understanding of recent developments in the world of drones. What You Need to Know About Drones in India Last May, Mumbai became the first city to have a margarita pizza delivered via drone. Flying …

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MIA reform: Security service will be separate from Interior Ministry

Major changes are ahead for Georgia’s Ministry of Foreign Affairs (MIA). Prime Minister Irakli Garibashvili announced the MIA would undergo the reform process, with one aspect of the reforms enabling the Security Service to be separated from the Ministry. Garibashvili instructed Secretary of the State Security and Crisis Management Council …

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TBC Bank and Bank Constanta merger to take place in January

11.12.2014 – TBC Bank/Bank Constanta merger process has begun. The merger will be legally registered in January of 2015. This decision was made at the TBC Bank shareholders’ general meeting because of the new challenges that exist on the microfinance market and the high potential for growth in this business. …

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