British Reporter

The Amount Of Credits Released In Achara Exceeded GEL 256,5 Million

As of 30 September 2007 compared with the same period of 2006, the amount of credits released by the branches of commercial banks operating in Achara was increased by GEL 126,8 million (97,7%) and totaled GEL 256,5 million. BLACK SEA PRESS was

by The FINANCIAL

November 12, 2007

1 min read

Business

Rating Unchanged After State Of Emergency

International rating agency Standard&Poor’s declared that development of the political situation in Georgia (B+/Positive/B) would not affect the sovereign ratings and prognosis in the short-term perspective. It is reported in the press release of Standard&Poor’s.

by The FINANCIAL

November 12, 2007

1 min read

Business

Georgian Opposition Nominates MP Gachechiladze as Presidential Candidate

Levan Gachechiladze, 42, an opposition lawmaker with no party affiliation, has been nominated by nine opposition parties as their candidate for the early presidential elections, expected for January 5.

by The FINANCIAL

November 12, 2007

2 mins read

Politics

Georgia opposition tycoon not its presidential candidate

The FINANCIAL - According to RIA Novosti, a Georgian opposition leader said on November 12 tycoon Badri Patarkatsishvili would not be nominated as a single opposition candidate in the January 5 early elections.

by The FINANCIAL

November 12, 2007

2 mins read

Ukraine

Ukraine allocates $3 mln for storm relief

The FINANCIAL - According to RIA Novosti, the Ukrainian government has allocated $3 million to repair damage caused by a storm that hit the southern part of the country on November 11, the country's prime minister said.

by The FINANCIAL

November 12, 2007

1 min read

WORLD

Azerbaijan and Bulgaria sign 3 documents

The FINANCIAL -- According to APA, delegation of Azerbaijani and Bulgarian governments held meeting in Baku on November 12, APA reports. Azerbaijani Prime Minister Artur Rasizada stated that they support intensification of mutual relations between the two countries. He said that Azerbaijan

by The FINANCIAL

November 12, 2007

1 min read

Georgia

“Tsikhia” Makes Up USD 11 750

The FINANCIAL – The initial sale price of the distrained property of the Georgian JSC “Tsikhia” in Tkibuli (Western Georgia) that will be sold via auction makes up USD 11 750, Prime-News Business was told at the Ministry of Economic Development of Georgia.

by The FINANCIAL

November 12, 2007

1 min read

Insurance

First Allianz cat bond on European windstorms

The FINANCIAL -- Allianz has closed its first catastrophe bond (cat bond) transaction related to windstorm risks in seven European countries. Jay Ralph is CEO of the reinsurance division of Allianz SE Issued through Blue Fin Ltd., a Cayman Islands based special

by The FINANCIAL

November 12, 2007

1 min read

Georgia

Registration Web-program Commenced Operating In Borjomi

The FINANCIAL – Web-program on applications and rights registration commenced operating in Borjomi (Eastern Georgia) territorial service of Civil Registry National Agency under Ministry of Justice of Georgia starting from nOVEMBER 12, Prime-News Business was told at the press service of Ministry

by The FINANCIAL

November 12, 2007

1 min read

Georgia

Electricity Supply To Be Temporarily Limited To Part Of Tbilisi

The FINANCIAL – Electricity supply of a part of Tbilisi population will be temporarily terminated due to prophylactic repair works at the urban electricity-distributing network on November 12, Prime-News Business was told at JSC “Telasi”.

by The FINANCIAL

November 12, 2007

1 min read