British Reporter

BANKS

TBC Bank affiliated NCC to Reconstruct Head Office for HSBC Bank Georgia

The FINANCIAL -- On December 7 HSBC Georgia and TBC Bank affiliated New Construction Company (NCC) signed a contract on the reconstruction of the bank’s new Head Office.

by The FINANCIAL

December 10, 2007

1 min read

BANKS

Standard Bank General Director’s Address Speech

The FINANCIAL -- “Being aware of the financial situation at Standard Bank I’m convinced that the bank is capable of paying the dues. Moreover there will still be USD 30 million left in the property of the stakeholders,” declares George Kalandarishvili, Standard

by The FINANCIAL

December 10, 2007

1 min read

Oil & Auto

BMW 7-series to be available in two years

The FINANCIAL — According to APA-Economics, BMW 7-series is expected to be on sale in April, 2009. This new model is to be unveiled at Geneva Motor Show and Detroit Auto Show in January, 2009. It is expected that the first sedan

by The FINANCIAL

December 10, 2007

1 min read

Oil & Auto

Oil falls to $88.28 on Nymex

The FINANCIAL -- According to APA-Economics, on December 7, New York’s main oil futures contract, light sweet crude for January delivery, lost $1.95 to $88.28 a barrel.

by The FINANCIAL

December 10, 2007

1 min read

Oil & Auto

Gazprom wins Libyan license for area with 147 mln bbl of oil

The FINANCIAL -- According to RIA Novosti, Russia's Gazprom has won a tender held by Libya's National Oil Corp. (NOC) to develop an area with oil reserves estimated at 20 million metric tons (147 million bbl), a respected business daily said December

by The FINANCIAL

December 10, 2007

1 min read

Oil & Auto

Wissol Gas Appears on the Georgian Market

The FINANCIAL -- Compressed natural gas (CNG), the fuel of the future, is now available at Wissol. If you notice the service station on Agmashenebeli Street with the Wissol company brand colours but ‘Wissol GAS’ inscribed on it, do not be surprised.

by The FINANCIAL

December 10, 2007

1 min read

Georgia

Humanitarian aid: Commission allocates €2 million to Abkhazia, Georgia

The FINANCIAL -- The European Commission has approved a €2million humanitarian aid package to support the people most affected by the unresolved conflict between Abkhazia and Georgia.

by The FINANCIAL

December 10, 2007

1 min read

BANKS

Instant Down Payment Card by TBC Bank

The FINANCIAL -- From December 10 TBC Bank will be offering its clients the most comfortable, quick, and affordable product - the Instant Down Payment Card.

by The FINANCIAL

December 10, 2007

1 min read

Tech

IBM Grants Water-Cooling Intellectual Property License to Vette Corp

The FINANCIAL -- IBM (NYSE: IBM) and Vette Corp ("Vette"), a global provider of thermal management solutions, announced on December 7 a series of agreements for Vette to license IBM's Rear Door Heat eXchanger water-cooling technology.

by The FINANCIAL

December 10, 2007

2 mins read

Pharmacy

Major Phase III Data Show Zevalin Significantly Increases Progression-Free Survival in Follicular Ly

The FINANCIAL -- Zevalin ([90Y]-ibritumomab tiuxetan) consolidation therapy significantly improves progression-free survival (PFS) rates in advanced stage follicular lymphoma (FL), according to major new data presented at the 49th Annual Meeting of the American Society of Hematology.

by The FINANCIAL

December 10, 2007

4 mins read