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Monthly Archives: October 2016

Khaduri: We Need Moral Support from IMF rather than Fiscal Contribution

Khaduri: We Need Moral Support from IMF rather than Fiscal Contribution

We are working to launch a new program with Intentional Monetary Fund (IMF), based on government’s 4-clause plan, Finance Minister Nodar Khaduri told the Business Contract. Both parties want to continue relations from a clean sheet of paper. At this stage, the Minister could not specify the new program’s volume and …

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Southern Gas Corridor Most Important Project for BP

The Southern Gas Corridor (SGC) is the most important project for BP, Tufan Erginbilgic, BP’s downstream chief executive, told reporters Oct. 13 on the sidelines of the 23rd World Energy Congress in Istanbul. Erginbilgic said the project worth $45 billion is important both for BP and the energy market. “The …

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Georgian Pharmaceutical Company Plans to Export Drugs to EU

psp

Georgian pharmaceutical company PSP, plans to export drugs to EU at the end of the 2017. According to founder of the company Kakha Okriashvili, this year PSP will be granted with adequate certificate and Georgia produced drugs will export to EU. At the first stage, Georgia produced drugs will enter …

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Georgia’s Leavingstone Shorlisted for LIA 2016 Music & Sound Award

London International Awards (LIA) is a global Festival honoring creativity and new ideas in Advertising, Production, Digital, Design, Music & Sound and Technology. The Awards, founded in 1986 by President, Barbara Levy, began by honoring advertising in the realms of Cinema, Television, Print and Radio worldwide, evolving since its inception …

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Bob Dylan wins the Nobel Prize in Literature

Bob Dylan wins the Nobel Prize in Literature

Dylan was given the award for creating ‘new poetic expressions within the great American song tradition’. Singer-songwriter Bob Dylan has been awarded the 2016 Nobel Prize for Literature. The prize was awarded by the Swedish Academy in Stockholm which said the 75-year-old received the prize “for having created new poetic expressions …

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SES and ESTM Launch Satellite Installer Training Course in Senegal

SES

State-of-the-art satellite installer training programme to become a fixed course in the curriculum. SES (Euronext Paris and Luxembourg Stock Exchange: SESG), the world-leading satellite operator, along with its local partner Ecole Supérieure Multinationale des Télécommunications (ESMT) located in Dakar, today announced the launch of the SES ELEVATE satellite installer training …

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Southern Gas Corridor Beneficial to Everybody – Bulgarian official

Southern Gas Corridor Beneficial to Everybody – Bulgarian official

The Southern Gas Corridor project is beneficial to everybody, Zhecho Stankov, Bulgarian deputy energy minister, said. Stankov made the remarks during the 23rd World Energy Congress in Istanbul, Turkish media reported. He added that Bulgaria pays special attention to the project. “Many countries and companies have united efforts to implement the …

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Zviad Tsikolia Constructs New Sport Aircraft in Georgia

Aircraft

New sport aircraft, made in Georgia will be sold throughout the world. Designer Zviad Tsikolia constructs Georgia’s first one seat aircraft. In his exclusive interview with Commersant radio Tsikolia talked about his intention and the process of construction. The completion of the plane is due to finish in the near …

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Turkish Stream Not a Rival to TANAP

Turkish Stream Not a Rival to TANAP

Turkish Stream is not a rival to the Trans-Anatolian Gas Pipeline (TANAP), Saltuk Duzyol, head of TANAP consortium, said in an interview with TRT Haber on Oct. 13. He said TANAP has two contracts for gas transportation for a period of 15 years, which guarantees its stable income. “Turkish Stream …

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Construction Companies Complain About Difficulties With Financing

Construction Companies Complain About Difficulties With Financing

As is known, the Georgian construction business isfocused on short-term projects – that is, the construction of houses and their quick sale, while almost no one is engaged in a long-term development – the construction for the purpose of renting the apartments. Most developers interviewed by Commersant say that the …

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