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Daily Archives: October 20, 2015

Silknet and Geocell to Jointly Coin Future 

Silknet and Geocell to Jointly Coin Future 

Changes the Two Companies will Jointly Bring into Telecommunication Market  Twist together with Geocell and Silknet Silknet and Geocell, Georgia’s two leading telecommunication companies, have introduced a new unique product – Twist. The innovative product enables subscribers to enjoy telecommunication services such as Silknet’s high-quality internet, Silk TV and Silknet’s …

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Government Simplifies Doing Business in Azerbaijan

Government Simplifies Doing Business in Azerbaijan

Business will be greatly stimulated for development in Azerbaijan in the near future. Azerbaijani President Ilham Aliyev signed a decree on reducing the number of licenses necessary for entrepreneurship, simplifying the licensing procedures and transparency in this area Oct. 19. The decree also envisages rendering of services for issuing business licenses …

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EIB lends Georgia 100 mln Euros for Water Supply System Rehabilitation

The European Investment Bank

The European Investment Bank (EIB) has lent Georgia 100 million euros ($114.45 million) to finance waste water collection and treatment infrastructure in the country’s second largest city of Kutaisi, the EIB vice president said on Thursday. “Water and sanitary infrastructure is high on the EIB’s agenda in Georgia … This …

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Nokia to Buy Telecommunications Equipment Manufacturer Alcatel-Lucent

Chinese Ministry of Commerce has approved a Nokia’s acquisition of telecommunications equipment manufacturer Alcatel-Lucent. The transaction amount is estimated at 15.6 billion euros. This is stated in a press release of the Finnish company. Now companies need to obtain formal approval from the Ministry of the French economy. Unofficially, the …

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Credit Suisse Predicts a Significant Strengthening of the Ruble

Banking group Credit Suisse predicts a significant strengthening of the ruble and the resumption of Russian Central Bank purchases of foreign currency in the I quarter of next year, Bloomberg reported. “The ruble will be stable in the coming months and exceptionally strong in the I quarter of 2016”, the …

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Turkish Airlines Carries 46.5 Million Passengers in Nine Months

The number of passengers carried by Turkish Airlines surged by 12.2 percent in the first nine months of the year compared to the same period last year, according to a stock exchange filing on Oct. 19. According to the statement released on the Public Disclosure Platform (KAP), the flag carrier …

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