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Daily Archives: June 22, 2016

Apple Unlikely to Make Big Changes for Next iPhone

Apple Unlikely to Make Big Changes for Next iPhone

Apple Inc. plans to break with its recent pattern of overhauling the design of its flagship iPhone every two years, and make only subtle changes in the models it will release this fall, according to people familiar with the matter. Among other things, those people said, Apple’s newest phones will …

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Azerbaijan’s SOCAR Commissions New Well in Caspian Sea

Azerbaijan’s SOCAR Commissions New Well in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce 3.65 million cubic meters of gas and 32,850 tons of oil per year as it has put into operation a new well in the Caspian Sea, said SOCAR in a message. The well was put into operation at the Gunashli offshore field …

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Tbilisi to Host Georgia-China Business Workshop

Tbilisi to Host Georgia-China Business Workshop

A Chinese delegation of top managers of  major private and state companies from the Jiangxi province is visiting Georgia. The delegation is led by the Ziangxi province vice governor Liu Chang Lin. On June 21 Mr. Liu Chang Lin met with David Saganelidze, executive director of the Partnership Fund of …

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Bank Sector’s Net Profits Grow by 37%

Bank Sector's Net Profits Grow by 37%

The Georgian bank sector’s net profits made up 254.5 million GEL as of June 1, up 37% year on year. The May net profits amounted to 74 million GEL, up 5% compared to the same period of 2015. Profits of 15 commercial banks made up 271 million GEL in the …

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