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Monthly Archives: July 2015

Citigroup Fined for Credit Card Abuses

US bank Citigroup must pay $US700 million to customers and another $US70m in federal fines for misleading consumers on credit card add-on products. The $US700m is intended to compensate nearly nine million account holders who were victims of dishonest marketing by Citigroup and affiliates when they ordered fraud alerts, credit …

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Greek Parliament Votes for the Second Package of Reforms

The second package of reforms necessary for continuing the negotiations with the creditors for the assistance of EUR 86 billion has been accepted by the Greek Parliament, Reuters reports.  The legislation passed receiving 230 majority votes out of the 300-seat chamber. 36 Syriza deputies voted against the bill or abstained. …

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Bank of America Financial Chief Leaves His Post 

Bruce Thompson, Bank of America’s financial chief is leaving his office, WSJ reports. Paul Donofrio, a former Navy pilot and Bank of America veteran will succeed Mr. Thompson.  Previously, Bruce Thompson was considered a potential successor of Bank of America CEO Brian Moynihan, in case of his retirement. Thompson’s retirement is …

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Irakli Kashibadze: Georgia Ranks 60th in Global Innovations Index

Georgia has moved to the 60th place from 88th in the global innovations index, GITA chief Irakli Qashibadze said. The Georgian Innovation and Technology Agency (GITA) plans to unveil several innovative laboratories and business laboratories, publabs and techno parks in Tbilisi and Regions. “In 2008 Georgia ranked 88th in the …

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Mark Zuckerberg is Now the Ninth Richest Person in the World

Facebook has become one of the highest-valued companies in the world after a stock surge saw it leapfrog General Electric to join the ranks of the top ten companies on the S&P stock market index. And quietly, in the process, its founder Mark Zuckerberg has become the ninth richest person …

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The Book Thief: Best Selling Book in Georgia

The Book Thief is a novel that centers around the life of Liesel Meminger, a nine-year-old girl living in Germany during World War II. Liesel’s experiences are narrated by Death, who details both the beauty and destruction that life in this era brought. The Book Thief” resembles other, better novels …

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15 Reasons to Fall in Love with Georgia

Those who have been to Georgia already, should check the list, and if some things are missing, just come and see or experience them. And if you have never been here – don’t miss your chance to be inspired! 1. Kind hospitable people Georgians are very open to their guests. You …

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The 10 Wealthiest Couples in the World

wealthiest couples

Two are certainly better than one when it comes to wealth and power. These men and women are innovators, developers, fashion moguls, CEOs, and philanthropists. From the US to France to Spain to China, scroll through to meet the world’s wealthiest couples. 10. James and Lynne Walton Wiki commons Jim Walton …

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$64,000 Worth Bitcoins Donated to Help Tbilisi Flood Victims

The funds raised as a result of the global bitcoin fundraising campaign have been donated to the Tbilisi City Hall, Tbilisi Zoo, and Tamaz Elizbarashvili’s Dog Shelter. In addition to the money already donated by the Georgian Co-Investment Fund (“GCF”) and BitFury Group, the companies partnered with “Georgia Technology Park” …

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Tbilisi Among The 10 best European destinations in 2015

Georgia’s capital Tbilisi is among the top ten destinations of Europe this year according to an international media outlet Time Out. Tbilisi marked 6th out of the ten European cities that made through the list, topping such popular destinations as Lisbon in Portugal, Stuttgart in Germany, Costa Brava in Spain, …

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Wines from Abkhazia Replaced Georgian in Russia

Due to the devaluation of the ruble in the first half wine imports from the European Union fell sharply: not everyone can afford the product at  new prices. Because of this, a supplier from Abkhazia Mistral Alco became a leader among importers for the first time. As per  the data …

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