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Daily Archives: May 19, 2015

Is The Crude Oil Really Over? 

“The crude oil rally has probably run as far it could at this stage. The rally was driven by a spectacular increase in investment demand for crude, both through ETF’s and futures. While US production and inventory levels look set to be reduced over the coming months the continued increase …

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Alibaba Sued Over Alleged Counterfeits

Alibaba Sued Over Alleged Counterfeits

The owner of several of the world’s best-known luxury brands has filed a fresh lawsuit against Alibaba Group Holding Ltd. , the latest challenge to the Chinese e-commerce giant’s assertions that it fights the sale of counterfeit goods on its platforms. The lawsuit, filed Friday in federal court in Manhattan …

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Azerbaijan Sees 5.5% Rise in Economy

Azerbaijan Sees 5.5% Rise in Economy

In January-April in Azerbaijan the volume of GDP rose by 5.5% to 16.6 billion manats compared with the same period last year. Report was told in the State Statistical Committee of Azerbaijan. According to information, during this period 36.2% of GDP produced in the industry, 3.0% – agriculture, forestry and …

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“Senta”: There are no Cartel Deals in the Oil Market

"Senta": There are no Cartel Deals in the Oil Market

Zaal Iakobidze, Director of the oil company “Senta”, refutes the widespread belief in the society that major oil importers regulate prices by colluding through the cartel, in order they to be consistently high. He told “Commersant” that it would be wrong to blame the business in the cartel transactions. “Based on …

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The Microsoft Edge Browser Is A Windows 10-Only Feature

microsoft edge

Microsoft Edge has no immediate release plans outside of Windows 10. The software giant recently indicated that it has no current intention of shipping Microsoft Edge, formerly known as ‘Project Spartan,’ on other platforms. Microsoft confirmed the strategy after the announcement. Interestingly, it’s notable that Microsoft is not working to release Edge on other …

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Economic Factors Contribute to the Lari’s Rise

Economic Factors Contribute to the Lari’s Rise

After November 2014 the rate of the national currency fell by almost 35% – at this stage it is possible to argue how great is an imbalance between currency spending and earnings, how adequate is the current rate of the lari, but the fact of imbalance does not cause doubts. …

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Memorandum Between TBC Bank and AS Georgia Regarding Dirsi Project

A partnership memorandum was signed between TBC Bank and “AS Georgia”, the daughter company to the international development holding “AS Group Investment”, regarding the “DIRSI” project. The memorandum was signed on May 18th 2015 and its new conditions make newly-built apartment complexes in Transcaucasia more accessible. In frames of the …

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Borjomi-Town of Mineral Waters

The town is famous for its mineral water industry (which is the number one export of Georgia). Archaeological excavations have revealed the existence of stone bathes in the area, proving that these mineral waters have been utilized by people for thousands of years. Because of the supposed curative powers of …

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