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Daily Archives: August 4, 2014

ARTGENI 2014 HELD AT ETHNOGRAPHIC MUSEUM WITH HEALTHY WATER SUPPORT

Artgeni 2014 Festival traditionally took start at the Ethnographic Museum in Tbilisi on July 20. One of the supporters of the festival is Company Healthy Water (Tskali Margebeli). The festival guests had the opportunity to taste Margebeli Products as well as Nabeghlavi and Bakhmaro, unique waters of Healthy Water Company. …

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NATAKHTARI BEER FESTIVAL ENDED WITH FIREWORKS IN TELAVI

Telavi hosted the Beer Festival at its main square for the second time on July 26-27. The first Georgian analogue of festivals held in various countries of America and Europe was organized traditionally by Company Natakhtari. The festival in Telavi this year was too crowded. Local residents decided to spend …

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WILL VTB BANK CARDS WORK ABROAD?

The USA Sets Sanctions against VTB and SberBank As it  is known, the U.S. and EU announced sanctions against several Russian state banks, among them “VTB Bank”, which has a branch in Georgia. Whether sanctions will have an impact on the Georgian representation? At this stage, the representatives of “VTB-Georgia” …

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Azerbaijan’s oil funds turning into Chinese Yuan

Azerbaijan’s state oil fund SOFAZ which is in charge of accumulating and managing the country’s oil and gas revenues have taken some measures to include Yuan in its currency portfolio. SOFAZ Deputy Executive Director Israfil Mammadov said the fund has appealed to the People’s Bank of China to obtain quotes …

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AZAL to carry out regular direct flights to Bishkek

Azerbaijan Airlines (AZAL), the biggest Azerbaijani airline and national flag carrier, will perform regular direct flights to Kyrgyzstan’s capital starting from October 26. The news was announced by AZAL on July 22. The direct flights en route Baku-Bishkek-Baku will be implemented on Tuesdays and Sundays. On Tuesdays, the plane will …

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Around 3 bln manats invested in Azerbaijan’s oil sector

Some 2.96 billion manats was invested in Azerbaijan’s oil sector in the first half of 2014. This figure is 31.4 percent more compared to the same period of 2013, Azerbaijan’s State Statistics Committee said. Over 4.82 billion manats were invested in the country’s oil sector in 2013, which is 24.2 …

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Sanctions not to affect VTB Bank`s activity in Azerbaijan

“Bank VTB Azerbaijan” JSC works in normal mode, providing a full range of services for deposit and loan contracts as well as transactions including money transfer and payments with bank cards, despite the declared U.S. sanctions against a number of Russian banks on July 29, the bank told Trend. “We …

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EBRD, Unibank to provide loan to Azerbaijan’s oil-service company

The European Bank for Reconstruction and Development (EBRD) and Azerbaijan’s Unibank will provide a loan worth $10 million to Dalgidj LLC for the expansion of the company’s activities. “The loan will be used for the acquisition of a new remotely operated vehicle (ROV) and the construction of a new warehouse,” …

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Russia orders Azerbaijan construction of high speed crew boats

Russia has ordered Azerbaijan construction of high speed crew boats. Russian Maritime Register of Shipping signed a relevant contract with Baku Shipyard LLC for the construction of three 38М high speed crew boats (designer – SHIPTECH, Singapore) for Azerbaijan State Caspian Sea Shipping Company. The construction process is set to …

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Details of a New State Program

The Government has initiated another project on business development in rural areas – in particular, each villager can get GEL 5 000 from the state if decides to start a business and invest in it  property worth GEL 1 000. The program also aims at integrating three neighbors, which in this case will receive GEL 15 000 on …

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“Land Code” Puts Local Citizens in a Privileged Position

The draft ”Land Code”, over which the Georgian parliament is currently  working, will put citizens in a privileged position compared to foreigners. According to the MP from the ruling party Zakaria Kutsnashvili, an introduction of various regulations isplanned for Georgian citizens and foreigners, as the locals should have more opportunities to work in the local market. In particular, it is planned to …

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