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Daily Archives: May 17, 2015

GoPro CEO’s Promise to a College Friend Just Cost Him $229m

GoPro CEO’s Promise to a College Friend Just Cost Him $229 million

Woodman was handing back shares as part of an agreement he struck with his college roommate. GoPro’s top executive Nick Woodman, the highest paid CEO in the U.S., is generating headlines for keeping his word — even if it costs him millions of dollars. Woodman, who steers camera maker GoPro, …

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NATO and EU Agree to Work Together on New Threats

NATO and EU Agree to Work Together on New Threats

The North Atlantic Treaty Organization and the European Union vowed Thursday to deepen cooperation on threats that go beyond traditional warfare. The organizations, which have dozens of overlapping members, agreed to intensify their joint efforts against “hybrid warfare,” which includes techniques such as propaganda and covert operations of the kind …

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Mondrian Painting Sells for Record $50.6m

Mondrian Painting Sells for Record $50.6m

An oil painting by Dutch artist Piet Mondrian has sold at a New York auction for $50.6m (£32.1m) – a record for the artist’s work. The 1929 piece titled Composition No III, with Red, Blue, Yellow and Black, features the geometric style for which the artist became renowned. The sale price, …

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Aversi Pharma Received $10.9m Loan to Expand Health Care from EBRD

Aversi Pharma Received $10.9 mln Loan to Expand Health Care from EBRD

The European Bank for Reconstruction and Development (EBRD) is providing a US$ 10.9 million loan to Aversi Pharma LLC, a leading Georgian health care company, to support a modernisation plan for local hospitals and the improvement of pharmaceutical supplies. The loan will be used for the refurbishment of an infectious …

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EBRD Allocates about $200m for Nenskra HPP

EBRD Allocates about $200m for Nenskra HPP

The European Bank for Reconstruction and Development (EBRD) is teaming up with a Georgian state-owned shareholding company Partnership Fund (PF) to provide a support in the Nenskra Hydro Power Plant (HPP) project earmarked for the upper Svaneti region.  EBRD President Sir Suma Chakrabarti announced this news today at the EBRD …

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