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Daily Archives: October 6, 2014

TBC announced about large-scale raffle for internet-bank’s users

TBC announced about large-scale raffle for internet-bank’s users. 300 Apple products and monetary prizes will be on the raffle for internet-bank’s users. 100 winners will be revealed every month and they will get iPhone6, iPad, MacBook Air and money up to 100 GEL. 10 000 GEL is super prize of …

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Capital Bank increases capital and changes head office

JSC Capital Bank (former Invest Ban) increases capital by 6,9 million GEL. Supervision board of the bank made the decision. The capital should be filled till December 31. Respectively, supervision capital will also increase. Due to failure to comply it temporary administration of National Bank of Georgia entered in the …

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TBC completed 8 months with 74,4 million GEL profit

JSC TBC bank completed January-August with 74,4 million GEL profit. In the same period of last year bank’s profit equaled to 40 million GEL. In August profit was 15,7 million GEL. By September 1 credit portfolio of the bank was 2,726 billion GEL (01/09/13 – 2,319 billion), deposits – 2,9 …

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Russia can drill in Arctic, even without Exxon – energy official

Drilling in the Kara Sea will continue into next year, even if sanctions prevent US firm ExxonMobil from participating, Russia’s Deputy Energy Minister Kirill Molotsov said Monday. According to Molotsov, Russia can independently go ahead with the necessary drilling in the Kara Sea in 2015 with the help of drilling …

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Armenal invested $120 million in upgrading aluminum foil production – See more at: http://arka.am/en/news/business/armenal_invested_120_million_in_upgrading_aluminum_foil_production/#sthash.P3V7y33T.dpuf

YEREVAN, October 2. / ARKA /. ArmenAl Armenian-Russian foil-rolling plant in Yerevan has invested a total of $120 million in upgrading the facility since 2000, economy minister Karen Chshmarityan said Thursday during a government session after it granted the plant a three-year VAT payment deferment. The minister said the plant …

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EBRD issues 30 billion tenge to Kazakhstan’s national rail company

The European Bank for Reconstruction and Development (EBRD) has allocated a loan worth 30 billion tenge ($121 million) to Kazakhstan’s national rail company Kazakhstan Temir Zholy (KTZ). The loan is aimed at financing the purchase of equipment for logistics and infrastructure maintenance, EBRD said on September 29. “The project will …

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Iran ready to purchase 6 mln tons of grain from Kazakhstan

Iran has expressed its readiness to purchase up to 6 million tons of grain per year from Kazakhstan. It was announced by Kazakh President Nursultan Nazarbayev at a meeting with businessmen of the Mangistau region. “On my instructions, the capacity of the Aktau seaport has been increased from 12.5 to …

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EU-Ukraine pact can be changed, but only by Brussels and Kiev – Barroso

Revisions of the EU-Ukraine trade deal are possible, but only at the request of Brussels or Kiev, not Moscow, the head of the European Commission said, stating that the EU has “strong concerns” over Russia possibly cancelling duty-free trade with Ukraine. “The Association Agreement (between the EU and Ukraine) remains …

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Banks and investors awaken to Catalan independence debate

The surge in political tensions between Spain and its Catalonia region has fuelled furious debate among the country’s political class. Now a new crowd is joining the conversation: bankers and financial analysts are asking if the conflict should be a cause for investor concern. The answer is far from clear-cut. Most believe …

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Victim of shale revolution, Nigeria stops exporting oil to US

Nigeria has become the first country to completely stop selling oil to the US due to the impact of the shale revolution – an astounding reversal as the African nation was only four years ago one of the top-5 oil suppliers to America. According to the US Department of Energy, …

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