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Daily Archives: January 12, 2016

Georgia Wants to Change Contract with Gazprom

Georgia Wants to Change Contract with Gazprom Azerbaijani

Georgia’s Minister of Energy Kakha Kaladze called the agiotage around Gazprom  marasmic. According to Kaladze, the negotiations are very important for the Georgian party. He also emphasized that this is not the first year the Georgian side having relations with Gazprom and the agreement is reviewed every year. “Though in …

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Georgian Experts Predict the Outflow of Dollars from Georgia to Azerbaijan

Georgian Experts Predict the Outflow of Dollars from Georgia to Azerbaijan

Will the currency crisis in Azerbaijan create additional pressure on the Georgian national currency’s rate? The experts interviewed by CBW predict the outflow of dollars from Georgia to  Azerbaijan. The expert Emzar Jgerenaia assesses the situation as alarming and says  that panic in  Azerbaijan and demand for dollars will definitely affect Georgia. …

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Oil Dive Deepens to 12-year Low

Oil Dive Deepens to 12-year Low

A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel. Amid an accelerating tailspin that shows no sign of slowing, Monday’s dive …

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Societe Generale Charged, As UK Begins First Euribor Rigging Case

Six bankers were formally charged in a British court on Monday with conspiring to manipulate Euribor benchmark interest rates, while another five accused in the case did not appear for the hearing. The case involving 11 former Deutsche Bank (DBKGn.DE), Barclays (BARC.L) and Societe Generale (SOGN.PA) employees is Britain’s fourth …

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Dugladze Wines & Spirits – Diversity of Georgian Character

Dugladze wine

The history of Dugladze Wine Company is related to the name of Dimitri Dugladze, who has made much contribution to the development of Georgian alcoholic beverages. Today, his sons, Dugladze Brothers, continue his undertakings. The company manufactures a full assortment of grapes alcoholic beverages. The company has been long represented …

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Several Dead in Blast in Central Istanbul Sultanahmet District

Several Dead in Blast in Central Istanbul Sultanahmet District

At least 10 people have been killed in an explosion in a district of Istanbul popular with tourists, the city authorities say. The explosion occurred just after 10:00 local time (08:00 GMT) in the city’s historic Sultanahmet district, close to the Blue Mosque. Fifteen people were also wounded in the blast, …

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TBC Bank’s Portfolio Growth Exceeds Two Times to September

1/3 of retail crediting accounts for TBC Bank’s portfolio  (2,3 billion) which is two times larger than it was in September. The share of the bank in private individuals’ crediting totals to 30% (1.12.15), while the volume has been 24% (1,4 billion) in the same period of 2014. The portfolio …

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