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Daily Archives: February 18, 2016

WSJ: Bidzina Ivanishvili Claims Credit Suisse Mismanaged His Money

Bizina Ivanishvili

US based, Wall Street Journal publishes an article saying Georgian businessman and former Prime Minister claims Swiss private banker caused significant losses to his portfolio. According to them Ivanishvili is pursuing a legal claim in Geneva that his Credit Suisse relationship manager, or private banker, mishandled his portfolio and caused significant losses. …

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Azerbaijan, Georgia, Kazakhstan to Establish Railway Consortium

Railway Consortium

Azerbaijan, Georgia and Kazakhstan have agreed to establish a railway consortium to ensure smooth movement of Chinese goods to Europe via the Trans-Caspian International Transport route. This was announced by Bakytzhan Sagintayev, the First Deputy Prime Minister of Kazakhstan, who led a governmental delegation visiting Tbilisi, Georgia, on February 17. …

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Ministry Of Finance Of Georgia Treasury Bill Auction Result

On February 17, 2016, securities in the amount of GEL 45 000 000 with a maturity of 343-days were sold at the Ministry of Finance Treasury Bill Auction. Seven commercial banks participated in the auction. The total demanded amounted to 133 750 000 GEl. Minimum yield was 11.30%, maximum yield was 11.820% …

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Koba Gvenetadze at Budget and Finance Committee Meeting

Koba Gvenetadze

By the decision of the Georgian Presiden, Koba Gvenetadze is presented as a candidate member of the National Bank Board. At Budget and Finance Committee Meeting, he expressed his own visions on National Bank‘s main activities. According to him, it is rather important government to increase the reliance on domestic currency. In …

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Potential Route for Iranian Gas Export to Georgia is Azerbaijan

Iranian Gas

Georgia can import Iranian gas through Azerbaijan, says Kakha Kaladze, Georgian deputy prime minister and minister of energy. Iran’s Shana news agency quoted Kaladze as saying Feb. 17 that there are two ways to import Iranian gas, “either through Azerbaijan or through Armenia”. He also said that Iran and Georgia …

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Ajara Produced Tea Exports to Mongolia

Tea-Picking

Ajara based company Emir exports high quality Georgian tea to Mongolian market. Founder of the company Levan Okropiridze, started developing tea production last year with the help of  Mongolian partners, who thoroughly studied Georgian market. According to Agricultural projects management agency, the company has built modern factory and expanded production by the …

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Silk Road Economic Belt to Create Great Opportunities for Azerbaijan

Silk Road Economic Belt to Create Great Opportunities for Azerbaijan

“The Silk Road Economic Belt” will create great opportunities for Azerbaijan’s development, in particular, in the spheres of agriculture, tourism, food industry and machine building, said Sahil Babayev, Azerbaijani deputy economy minister. He made remarks at the CIS Global Business Forum in Dubai, according to a message on the forum’s …

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Dolphin Dies Being Passed Around For Selfies

Dolphin Dies Being Passed Around For Selfies

Beachgoers gather around a small dolphin after it is scooped out of the sea off the coast of Argentina. A young dolphin has died after beachgoers took it from the sea to pose for photographs with it. Huge crowds gathered around the small animal on the beach resort at Santa …

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Humanity Georgia Continues Distributing Humanitarian Aid to Clinics

Andrey Kuzma

Humanity-Georgia pharmaceutical company has delivered the humanitarian aid to the Universal Medical Center (the former oncology hospital). This is a set of antibiotic, probiotic, antiphlogistic and analgetic medications imported from abroad. Humanity Georgia director general Andrey Kuzma noted the company continues the campaign of humanitarian aid. “Today we paid a …

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