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Daily Archives: May 13, 2016

Carlsberg Sales Fall Flat as Brewer Cautions on Russia, Asia

Carlsberg A/S, the maker of Tuborg beer, reported first-quarter sales that disappointed investors as it offered a gloomier outlook for eastern Europe and Asia. Beer volumes fell 2 percent, missing analysts’ estimates, as declines in Asia and western Europe offset a temporary rebound in its troubled Russian unit, the world’s fourth-largest …

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Hyperloop One Tests High-Speed Transport Propulsion System

Hyperloop One Tests High-Speed Transport Propulsion System

Hyperloop, the supersonic transport system proposed by tech billionaire Elon Musk, has taken a tentative step towards reality with the first public test of a prototype propulsion system. One of the companies vying to make the idea a reality, Hyperloop One, which changed its name from Hyperloop Technologies on Wednesday …

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EBRD Supports Development of New Hospital in Tbilisi

The EBRD is financing the development of a new hospital in Tbilisi with a US$10 million loan to JSC Medical Corporation Evex (Evex) to establish a state-of-the-art facility in the Georgian capital. Evex has been operating since 2009 and is fully owned by Georgia Healthcare Group (GHG) PLC. Established in …

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Apple Invested $1 Billion In Uber’s Chinese Rival

Apple Invested $1 Billion In Uber's Chinese Rival

Apple has invested $1 billion in Didi Chuxing, Uber’s biggest car-hailing competition in China, the companies announced on Thursday evening. Didi Chuxing is said to control most of the Chinese market for car-hailing services. In an interview with Reuters, Apple CEO Tim Cook positioned this investment as a way to grow its presence …

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Business Breakfast with the CEO of British Petroleum

Business Breakfast with the CEO of British Petroleum

Prime Minister of Georgia Giorgi Kvirikashvili and the executive director of British petroleum (BP) Bob Dudley discussed the investment projects implemented by the BP, successful partnership and the future perspectives. The meeting was held within the frames of the visit of the Prime Minister of Georgia to the United Kingdom. …

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Teliani Valley Plans to Attract $13 Million from the Shareholders

Wine producer Teliani Valley declares about the placement of shares. The company plans to place not more than 200 million pieces of shares with voting right, which might be purchased merely by the shareholders. Nominal value on per share is 0.065 USD, respectively the company will be able to attract 13 …

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The EBRD to fund Evex With a US$10 Million Loan

The EBRD to fund Evex With a US$10 Million Loan

The EBRD is financing the development of a new hospital in Tbilisi with a US$10 million loan to JSC Medical Corporation Evex (Evex). The EBRD financing will allow Evex to renovate and refurbish the Deka hospital in Tbilisi by mid-2017. The clinic is located in Tbilisi. European Bank regards, that the new …

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External Merchandise Trade Grew by 8 Percent

External Merchandise Trade Grew by 8 Percent

According to Georgia’s National Statistics Office External Merchandise Trade (excluding non-organized trade) of Georgia amounted to USD 3287 million in January-April 2016 (preliminary data). Thus, it grew by 8 percent from the same period of the previous year. The value of export decreased by 12 percent reaching USD 608 million, while the …

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