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Daily Archives: February 20, 2015

Visa and MasterCard join “National Payment System” of Russia

The Visa international payment system, which has the biggest share of the Russian market, will process domestic payments through Russia’s newly created National Payment System. “On 18 February 2015, JSC NPCS and VISA Payment System LLC concluded a bilateral agreement on operating and clearing services on domestic VISA payment system …

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TBC Bank obtains GEL 100 Million Loan from ADB

TBC Bank, TBC Broker and Asian Development Bank (ADB) completed the transaction to the amount of GEL 100 Million. The 3 year local currency facility will enable TBC Bank to finance micro, small and medium-sized enterprises in the country’s regions. 

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Half-Million of Wal-Mart’s US Workers to Get Pay Raises

Wal-Mart Stores Inc. is hoping its decision to boost workers’ paychecks will help it boost its bottom line. The nation’s largest private employer announced on Thursday that it’s giving a raise to about half-million U.S. workers as part of a $1 billion investment that includes changes that Wal-Mart says are …

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Tbilisi Hosts International Gaming Congress

International  Gaming Congress  dedicated to business in gaming industry will  be opened in Tbilisi  on February 20. The organizers inform that the participants of the Forum will present a full range of systematic approach to all types of gambling industry  (both non-virtual and virtual segments) and will help in searching …

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Back to the future for the US dollar

By John J. Hardy, Head of FX Strategy, Saxo Bank A/S Until the January US jobs data was released on Friday, February 6, the currency market had gathering doubts on whether the US recovery is strong enough or the market environment supportive enough to ever trigger a rate hike from …

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Whether Pilot Agro-insurance Project Justified itself ?

In total 20 thousand policies were  sold within a pilot agro- insurance  program. Amounts to be paid out by the insurance companies make more than half a million. 4 companies were involved in the project, such as “GPI Holding”, “Aldagi BCI”, “IRAO” and “IC Group”. It turns out that some …

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Gov’t Working on SME Development Strategy

Government is working on a strategy for the development of small and medium sized enterprises. Georgia took the abovementioned commitment as part of  the EU Association Agreement and the Deep and Comprehensive Free Trade Area Agreement (DCFTA). According to the action plan, the strategy should be prepared in the current …

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