British Reporter

Hotel Industry Expanding in Georgia

The FINANCIAL -- While currently only two famous brands, the Marriott and Sheraton, are successfully operating on the Georgian hotel market, 5 more top-level luxury hotels will be opened by 2010.

by The FINANCIAL

December 3, 2007

3 mins read

BANKS

GDP will grow by 5.5% ,while inflation will reach 9%

The FINANCIAL -- The deceleration of GDP growth from 7% this year to 5.5% next year will be mainly due to worsening external conjuncture (i.e. gas price hike and possible decline in world steel prices). At the same time, strong domestic demand

by The FINANCIAL

December 3, 2007

1 min read

Education

CU Contributing to the Modernization of Georgian Legislation

The FINANCIAL -- On November 26 Caucasus University, one of the leading higher education institutions in Georgia and the European Public Law Centre began implementation of the project “KOMNINOI” - Modernization of Georgia’s legislation and the training of civil servants and judges.

by The FINANCIAL

December 3, 2007

2 mins read

BANKS

Raiffeisen Bank Aval named Best Bank of the Year in Ukraine

The FINANCIAL -- The Banker, the renowned magazine of the Financial Times Group, awarded Raiffeisen Zentralbank Österreich AG (RZB) the title "Bank of the Year" in Austria for the second consecutive time.

by The FINANCIAL

December 3, 2007

2 mins read

BANKS

People’s Bank invests GEL 10 000 000 in Georgian Agriculture

The FINANCIAL -- People’s Bank, one of the leading banks in Georgia, maintaining the highest number of branches and clients, is launching the innovative project “People’s Farmer” targeted at the stimulation of agriculture through lending to household farmers.

by The FINANCIAL

December 3, 2007

3 mins read

Georgia

EBRD to review USD 42 million project in Georgia

The FINANCIAL -- European Bank for Reconstruction and Development will review the project that aims construction and operation of a steel mini-mill of 175 k ton capacity in Georgia. The plant will use local scrap (which is currently exported). The main product

by The FINANCIAL

December 3, 2007

1 min read

GeoBanks

TBC Group Preparing for an Unprecedented Large-Scale Investment Project

The FINANCIAL -- USD 10 Million Loan to TBC Bank - the EBRD’s 1st Energy Efficiency Initiative in Georgia “By announcing an unprecedented large-scale investment project, TBC Group will launch the basis of starting a brand new era in Georgia’s business environment.

by The FINANCIAL

December 3, 2007

4 mins read

BANKS

TBC Group Preparing for an Unprecedented Large-Scale Investment Project

The FINANCIAL -- USD 10 Million Loan to TBC Bank - the EBRD’s 1st Energy Efficiency Initiative in Georgia “By announcing an unprecedented large-scale investment project, TBC Group will launch the basis of starting a brand new era in Georgia’s business environment.

by The FINANCIAL

December 3, 2007

4 mins read

Ukraine

Yatseniuk: Speaker should consolidate parliament

The FINANCIAL -- According to an UNIAN, people’s deputy, member of the OU – PSD faction Arseniy Yatseniuk is ready to hold negotiations with all factions of the Verkhovna Rada if the OU – PSD nominates him officially for the post of

by The FINANCIAL

December 3, 2007

1 min read

Ukraine

President meets with Foreign Intelligence Service of Ukraine functionaries

The FINANCIAL -- According to an UNIAN, president Victor Yushchenko met with Foreign Intelligence Service of Ukraine functionaries on December 3, according to the President`s press-office. He congratulated them on the 16th anniversary of Service’s establishment and thanked them for their effective work.

by The FINANCIAL

December 3, 2007

1 min read