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Daily Archives: January 21, 2015

Top US educators interested in Tbilisi Technological University

Professors from South Florida University, the fourth-largest public university in the United States (US) state of Florida, are visiting Tbilisi today to learn more about a new Technological University in Georgia’s capital city. The guests and Georgian Government representatives discussed ways of possible cooperation between South Florida University and the …

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10 people everyone will be talking about at Davos 2015

1.Angela Merkel, Chancellor of Germany Arguably the most important world leader gracing Davos this year, all eyes are likely to be on Chancellor Merkel who will appear at the forum on the same day the chief of the European Central Bank is likely to announce a fresh plan to rescue …

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Chinese Billionaire to Buy Stake in Atlético Madrid

Chinese property company Dalian Wanda Group Co. is buying a 20% stake in Spanish soccer club Atlético Madrid, making owner Wang Jianlin the latest Asian billionaire to invest in the sport in Europe. Wanda said Wednesday it would pay 45 million euros ($52 million) for the stake in Atlético, the …

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15 things you need to know about Davos 2015

The 45th Annual Meeting of the World Economic Forum takes place in Davos, Switzerland from 21-24 January 2015. Here are fifteen things to know about this year’s meeting: 1. Over 40 heads of state and government are among the 2,500 participants at this year’s Annual Meeting. 2. The very first …

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Demoted by Fitch VTB Bank Reduces Staff

Russian banks, including VTB represented in Georgia, arefacing problems. Fitch Ratings downgraded the ratings of 30 Russian financial institutions, including state-owned banks. Ratings of VTB,Rosselkhozbank and Gazprombank, thus fell belowinvestment to “junk” BB + from  BBB- with a “negative” outlook; Sberbank and VEB’s ratings fell to BBB- to  BBBwith a …

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Deposit Insurance System not to be Activated in Georgia

Deposit insurance system cannot be activated in Georgia at this stage. The economic expert Emzar Jgerenaia states. According to him, the insurance system is enacted in all normal countries and   the minimum deposits are insured  from cataclysms. The expert notes  that the introduction of the deposit insurance system  has been …

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