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Daily Archives: January 9, 2019

Inside Philip Morris International: On a mission to convince the skeptics

The world’s largest tobacco company says it wants you to stop smoking. What is it like to work inside Philip Morris International as it tries to radically reinvent itself? In short: never boring. The inside of Philip Morris International’s (PMI) operational headquarters in Lausanne looks more like the headquarters of …

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TBC Bank Being Investigated by Georgia National Bank

TBC Bank Group Plc said on Wednesday that its unit was being investigated by the National Bank of Georgia (NBG) and the country’s office of public prosecution, relating to certain transactions that took place in 2007 and 2008. The investigation alleges that certain transactions between TBC Bank’s unit in Georgia …

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Azerbaijan Increases Wine Imports from Georgia

Azerbaijan has increased import of Georgian wine, having acquired 197,724 bottles of wine last year, the Georgian National Wine Agency reported. In annual comparison, wine import from a neighboring country grew by 40 percent. In 2018, Georgia exported 86.2 million bottles of wine to 53 countries, that is 13 percent more …

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World Bank Group President Jim Yong Kim to Resign

World Bank Group President Jim Yong Kim today announced that he will be stepping down from his position after more than six years in which the institution’s shareholders provided strong support to multiple initiatives to ensure that the Bank Group retains strong leadership in the world of global development. “It has …

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TBC to Face International Competition by Entering Uzbekistan

One such player that has already thrown its hat into the ring is TBC Bank, Georgia’s largest lender. CFO Giorgi Shagidze agrees that the bank’s hard-won experience in its home market will give it a competitive edge in Uzbekistan. “The current reform drive in Uzbekistan resembles that of Georgia,” he told  Euromoney. …

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How Troublesome is the Size of the State Debt?

According to the latest indicators, Georgia’s state debts hit 17.539 billion GEL. This signifies obligation per capita in Georgia constitutes about 4700 GEL. If we exclude pensioners, socially vulnerable citizens and underage children, who do not pay taxes, then the liability per taxpayer will be about 9341 GEL, which is …

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How Much should Fuel Cost in Reality?

Oil Prices Plunge Worldwide, Georgian Oil Product Importers Gain Colossal Profits. Oil prices are plunging worldwide. Global exchanges have been recording from plummeting oil prices over the past 3 months. In the aforementioned period, prices have declined by 35% on average. In September, the price of one barrel of WTI …

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Giorgi Shvelidze Presented at American Cinematographers Society Award

Giorgi Shvelidze is a nominee for the 33rd Award of American Cinematographer Society (ASC). Shortlist is already officially published in 5 different categories. Giorgi Shvelidze is presented as a Cinematographer, at Spotlight Award category. The winners will be awarded on January 9 at Gala evening. Drama Namme was filmed by …

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