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Daily Archives: October 18, 2016

Government to Spend 22 Million EUR on Tbilisi Schools Rehabilitation

Government to Spend 22 Million EUR on Tbilisi Schools Rehabilitation

Government of Georgia and Council of Europe Development Bank (CEB) have concluded loan and grant agreements on allocation of 20 million EUR resource to Georgia, including 14 million EUR preferential loan will be alloted by CEB and the remaining 6 million EUR will be granted by Eastern Europe Energy Efficiency …

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SOCAR May Put Up Joint Ventures’ Shares for Sale

SOCAR May Put Up Joint Ventures’ Shares for Sale

Azerbaijan’s state oil company SOCAR may put up for sale the shares of a number of its joint ventures, said SOCAR President Rovnag Abdullayev. He made the remarks Oct. 18 at a press conference dedicated to the beginning of the sale of bonds in the secondary market of Baku Stock …

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Southern Gas Corridor Remains Priority for EU

Southern Gas Corridor Remains Priority for EU

The European Union’s policy towards the Southern Gas Corridor (SGC) project remains unchanged, the European Commission press service told Trend commenting on the SGC project’s importance as compared to the Turkish Stream project. The SGC project is still a priority for the EU’s diversification and energy security strategy, the European …

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Marble Meat Manufacturer from Natsreti

Zurab Psuturi – Farmer of the Future. He started active farming 6 years ago by breeding beef cattle in village Natsreti, Gori District. Today the young farmer has a farm of 72 cows and supplies products to top class hotels. “Initially, my farther started this business. Later I continued this …

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Progress Bank License For Banking Activity Cancelled

Shareholders of Progress Bank has decided to cancel licence for banking activities and become non banking service operator institution. On the basis of mentioned decision, with the order of president of National Bank of Georgia, license for banking activity of Progress Bank has been cancelled and bank started its liquidation process. …

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There is An Astonishing 37% Pay Gap Between Men and Women in Georgia

Average monthly remuneration for male is 37% more than the same indicator for female, according to PMCG international development consulting company. In the first half of 2016, compared to the corresponding period of 2015:  Average monthly remuneration of employees increased by 5.4%. The highest growth in average monthly remuneration of employees …

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Over 90% Demand for SOCAR Bonds Accounts for Individuals

Over 90% Demand for SOCAR Bonds Accounts for Individuals

Absolute majority of applications for the purchase of bonds of Azerbaijan’s SOCAR State Oil Company was filed by individuals, SOCAR Head Rovnag Abdullayev said at the press conference dedicated to start of bond sales in secondary market of Baku Stock Exchange, Oct. 18. “Over 90 percent of the total number …

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