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Monthly Archives: July 2015

Nokia Reveals Ozo, a Futuristic New Camera for Filming Virtual Reality

Nokia today announced OZO, the first commercially available virtual reality (VR) camera designed and built for professional content creators and the first in a planned portfolio of digital media solutions from Nokia Technologies, the company’s advanced technology and licensing business.“We’re thrilled to introduce OZO to the content creation world, and …

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Big Hydro-Electric Stations Are Essential For Tariff Stabilization

“The Association of Young Financiers and Businessmen – AYFB” comments on the tariff correction resolution adopted by the Government and makes some references regarding the issue. Georgian National Energy and Water Supply Regulatory Commission adopted resolution increasing tariff fees for thermal power plants.  Such increase in tariff was completely due …

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Dollar Exchange Rate above 60 Rubles in Russia

On Tuesday’s Moscow trade exchange the exchange rate of the ruble against the dollar exceeded the mark of 60 rubles, which is roughly double the amount prior to the introduction of Western sanctions. The dollar was traded per 59,73 rubles (+2,3%) at the trade exchange; the euro was traded at …

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How should the Georgian Capital Market be Reformed?

An interview with Deputy General Director of  TBC Bank David Tsiklauri In your opinion, why the Georgian capital market is so underdeveloped, and what is the main reasons for this? Unfortunately, for many years, nobody paid attention to the promotion of factors that can encourage the development of the capital …

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Government Expects Problems with Selling Grapes

As well as the wineries, the Georgian government expects difficulties during the grape harvest. According to Director of the National Wine Agency George Samanishvili, grape harvest season will begin in September and will be quite challenging. “Based on the significant reduction in exports of wine, it can be assumed that …

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Opinions of the National Bank and Banks Association Diverged

An interview with George Tsutskiridze, the Executive Director of the Association of Banks of Georgia President of the National Bank says  that the bill that envisions stripping the National Bank of Georgia (NBG) of its banking supervisory functions will have negative consequences for the banking system and investment climate in general. …

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Kurdistan’s PKK Suspected in Iran-Turkey Pipeline Attack

Saboteur terrorist Kurdistan Workers’ Party (PKK), are suspected to be the cause behind the attack on the Iran-Turkey gas pipeline. Late Monday the pipeline which stretches from Iran to Turkey, has come under attack, 15 kilometers inside the Turkish border, in the Eastern province of AGRI. The explosion caused a fire …

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Co-Founder of Skype to Speak in Batumi in October

Jonas Kjellberg, author of ‘Gear Up’ and co-founder of Skype, will speak at Alt Convention in Batumi on October 9, 2015. Jonas is an avid investor and coaches entrepreneurs. He was the founder of Player.io, which he sold to Yahoo, chairman of the board of iCloud, sold to Apple, and …

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