The Visa international payment system, which has the biggest share of the Russian market, will process domestic payments through Russia’s newly created National Payment System. “On 18 February 2015, JSC NPCS and VISA Payment System LLC concluded a bilateral agreement on operating and clearing services on domestic VISA payment system …

TBC Bank, TBC Broker and Asian Development Bank (ADB) completed the transaction to the amount of GEL 100 Million. The 3 year local currency facility will enable TBC Bank to finance micro, small and medium-sized enterprises in the country’s regions. 

Wal-Mart Stores Inc. is hoping its decision to boost workers’ paychecks will help it boost its bottom line. The nation’s largest private employer announced on Thursday that it’s giving a raise to about half-million U.S. workers as part of a $1 billion investment that includes changes that Wal-Mart says are …

January XX 2015 Marriott International Inc.’s (NASDAQ:MAR) European division today announces it has been recognized by Aon Hewitt, the global talent retirement and health solutions business of Aon plc (NYSE: AON) in its Aon Hewitt Best Employers™ program. With its newly launched global methodology, the Aon Hewitt Best Employers global …

International  Gaming Congress  dedicated to business in gaming industry will  be opened in Tbilisi  on February 20. The organizers inform that the participants of the Forum will present a full range of systematic approach to all types of gambling industry  (both non-virtual and virtual segments) and will help in searching …

Failure to agree a deal could set off a chain-reaction in Greece as capital flight accelerates, leading ineluctably to a sovereign default and ejection from the euro. Greece has vowed to reject any demands for further austerity at a last-ditch meeting with Eurozone creditors on Friday, even though the country …

By John J. Hardy, Head of FX Strategy, Saxo Bank A/S Until the January US jobs data was released on Friday, February 6, the currency market had gathering doubts on whether the US recovery is strong enough or the market environment supportive enough to ever trigger a rate hike from …

In total 20 thousand policies were  sold within a pilot agro- insurance  program. Amounts to be paid out by the insurance companies make more than half a million. 4 companies were involved in the project, such as “GPI Holding”, “Aldagi BCI”, “IRAO” and “IC Group”. It turns out that some …

Government is working on a strategy for the development of small and medium sized enterprises. Georgia took the abovementioned commitment as part of  the EU Association Agreement and the Deep and Comprehensive Free Trade Area Agreement (DCFTA). According to the action plan, the strategy should be prepared in the current …