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Daily Archives: August 17, 2016

Europe’s top Olympic Official Arrested in Rio Over Tickets Sales

Europe's top Olympic Official Arrested in Rio Over Tickets Sales

Police in Brazil have arrested the head of the European Olympic Committees, Irishman Patrick Hickey, in Rio over illegal Olympic ticket sales. Mr Hickey, 71, is suspected of being involved in a scheme to sell tickets for higher than their face value. He was taken to hospital after his arrest as …

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Caucasus Development Bank and Atrabank Declared Bankrupt

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Two Azerbaijani banks, the Caucasus Development Bank and AtraBank, licenses of which were revoked by the Central Bank of Azerbaijan (CBA) in January 2016, have been declared bankrupt, said Azerbaijan Deposit Insurance Fund (ADIF) in a message Aug. 17. The message said the decision on the banks’ bankruptcy has been …

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Georgian Restaurant Included in the List of the Best Restaurants in Austria

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Georgian restaurant “Aragvi” in Vienna is included in the list of the best restaurants in Austria. The ratings are established by  the Austrian newspaper “alisti” permanently and in the list customers’ preferable and selected institutions are added. The administration of the site contacted the Georgian restaurant’s management team and informed them …

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The World’s Worst Currency Is in a Record Slide

MONGOLIA TUGRIK

Mongolia’s tugrik, the world’s worst-performing currency in August, is in its longest losing streak on record as the nation’s government seeks ways to stabilize an economy it says is in the grip of a crisis, according to Bloomberg. The currency weakened a 22nd day to 2,243.50 per dollar. In the …

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Turnover of Poti Seaport Owner Company Shrinks 11 Times

Multicolored containers

Danish conglomerate A.P. Moeller-Maersk A/S has announced about contraction in net profits in the second quarter of 2016, as compared to the same period of 2015. The company explained the mentioned slowdown by reduction in oil prices and transportation tariffs. The company revenues have declined in all business divisions. “Net …

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Organ Donor Register Website is Created

Organ Donor Register Website is Created

Organ Transplantation Association has created a web site where people can register themselves in their lifetime if they want to become as an organ donor after death. In Georgia there is only living donation possible but no cadaver donation is developed yet. Despite the fact that the law does not prohibit cadaver donation, for the …

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Minimum Subsistence Level Decreased in July 2016

Minimum Subsistence Level Decreased in July 2016

In July 2016, the subsistence minimum decreased in Georgia and it amounted to 156 GEL and 60 Tetri for working age male. For average consumer subsistence minimum level defined with the amount of 138 GEL and 70 Tetri. Based on the Statics Office of Georgia, minimum subsistence level amounted to …

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Teliani Valley to Issue New Shares

Teliani Valley to Issue New Shares

JSC “Teliani Valley” (wine company) plans to increase chartered capital for the second time this year. Company’s announced capital is planned to grow by 12 million shares up to 400 million. Nominal value on per share totals to 0.01 GEL. In addition , a pre-emptive right is scheduled to be abolished …

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