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Daily Archives: November 17, 2016

S&P Ups Rating Outlook on Georgian Oil and Gas Corporation

The International Rating Agency S&P Global Ratings had revised its outlook on Georgian Oil and Gas Corporation (GOGC) to stable from negative, the rating agency reported. S&P also affirmed ‘B+/B’ long- and short-term corporate credit ratings. “The outlook revision reflects our expectation that higher EBITDA generation should help GOGC accommodate …

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Ukraine Cashless Summit Kicked off in Kiev

nino-masurashvili-tbc

Recently Kiev hosted major financial event of the year, Ukraine cashless summit 2016, which gathered representatives of  economic and financial education thought leaders, businessmen, young scholars, and media. As we know, digital-revolution is rapidly changing world. Contactless payments, mobile money, and innovative financial services break down traditional borders and stereotypes, …

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Baltic Countries Remain as Strategic Market for Georgian Wine

The presentation of Georgian wine took place in Estonia and Latvia. Baltic countries remain as strategic market for Georgian wine. National Agency of Wine will continue marketing events there for the next year. The presentation and degustation of Georgian wine was led by Irakli Cholobargia, and it took place in …

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The Seminar about Development of Women Entrepreneurship in Georgia, on 18th of November

In the frame of entrepreneurship development, European Reconstruction and development Bank and Business association “Women for future” will organize a meeting about Women Entrepreneurship in Georgia. Women Entrepreneurs, managers, representatives of women business associations, governmental and non-governmental sectors and the bank representatives will attend the seminar which is hosted by …

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Bidzina Ivanishvili Sold De Kooning Painting at a Record Price

Bidzina Ivanishvili Sold De Kooning Painting at a Record Price

Willem de Kooning painting fetched US$61 million at the auction in New York. The work was being sold by Bidzina Ivanishvili. The news is disseminated by Volkskrant.nl. Identity of the buyer is not known, he has been participating in the auction by telephone. Initial price of the famous Dutch Painter …

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Yanair Airline to Perform Flights to Odessa

Yanair airline plans to perform Odessa-Tbilisi regular flights starting December 22, 2016 up to January 12, 2017, Ukrainian media agencies report. The flights will be performed Thursdays by Boeing 737 airplane, Odessa international airport management said. Civil Aviation Agency of Georgia explained that Yanair has not applied to the agency …

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H&M to Make a Difference in Georgia’s Retail Market

galleria-tbilisi

H&M, one of the world’s largest fashion retailers famous for offering fashion-forward apparel at affordable prices in a sustainable way, will open a store in Galleria Tbilisi mall in 2017, according to an agreement signed between Georgian Co-Investment Fund’s (GCF) subsidiary Tbilisi Plaza LLC and H&M (Hennes & Mauritz AB). …

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