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Daily Archives: February 18, 2016

Construction of $38 million HPP is Underway in Georgia


Royal Building Georgia plans to construct SnosTskali hydro power plant (HPP) in the Mtskheta-Mtianeti Region. Royal Building Georgia has obtained the due rights after the company won the interest expression for conducting feasibility studies, construction, ownership and operation of SnosTskali HPP. The interest expression for SnosTskali HPP construction was announced …

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Standard & Poor’s Affirms Azerbaijani Banks’ Ratings

Standard & Poor's Affirms Azerbaijani Banks’ Ratings

Standard & Poor’s Ratings Services said that it had revised its outlook on Azerbaijan-based Kapital Bank OJSC at ВВ-/В, PASHA Bank – ВВ-/В and Muganbank – В-/С. The rating actions follow the lowering of the agency’s ratings on Azerbaijan to ‘BB+/B’ from ‘BBB-/A-3’. “Nevertheless, in our view, the bank’s solid …

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Georgian Adventure By Fergal Hingerty


For real adventurers who want to get inspired: a short intro to Svaneti, read the dairy by Fergal Hingerty, who visited Georgia recently. Day 1 Rain”, said the Ukrainian man as the plane started to taxi down the runway. “Rain, ah sure you know what that means”? “No”, he replied. …

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Irish Airline „Ryanair“ Enters Georgia

Irish Airline „Ryanair“ Enters to Georgia

The Irish low cost airline “Ryanair” expressed an interest towards Georgian air-market, – possibilities of initiating routes to Kutaisi were discussed during the working meeting conducted by the Prime Minister of Georgia with the Chief Commercial Officer of “Ryanair” David O’Brien. During the meeting it was noted that the growth …

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$4 Smartphone Launched in India


The cheapest smartphone in the world, Freedom 251 will sell for just under $4 in India — but how does it compare to its pricier competition? An Indian company will launch the country’s (and possibly the world’s) cheapest smartphone this week, priced at the equivalent of less than $4. The …

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World Bank Experts Visiting National Statistics Office

World Bank Experts Visiting National Statistics Office

On February 17, the World Bank‘s Experts Nishtha Sinha and Cesar Cancho presented to National Statistics Office of Georgia (GeoStat) the methodology of calculating absolute poverty. The representatives of various state agencies were attending this meeting. The main purpose of visiting GeoStat was to propose the method of absolute poverty calculation. Accordingly, …

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AYFB Publishes Gambling Games Regulatory Concept


The Association of Young Financiers and Businessmen (AYFB) has put forward the gambling games development concept. The AYFB analyst Zurab Kukuladze provides a detailed description on how the online casino business should be regulated jointly with real gambling clubs. Here we introduce a package of AYFB recommendations that will be …

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