The FINANCIAL

17/06/2013 15:15 (2 Day 01:15 minutes ago)

The FINANCIAL – Fitch ratings has affirmed the Long-term Issuer Default Ratings (IDRs) and Viability Ratings (VRs) of Bank of Georgia (BoG), TBC Bank (TBC), ProCredit Bank (Georgia) (PCBG) and JSC Liberty Bank (LB). The Outlooks on the banks' Long-term IDRs are Stable.

Banks

TBC Bank to be Listed on Warsaw Stock Exchange in 2014

17/06/2013 13:43 (2 Day 02:47 minutes ago)
The FINANCIAL -- For the first time ever, Georgian companies made their debut at the IPO Summit Warsaw 2013 with prospects of being listed on the Warsaw Stock Exchange. TBC Bank responded to the call of the WSE and intends to be listed on it by 2014-2015.
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OP-ED

Deliver a Great Presentation

The FINANCIAL -- We’ve all been through that terrifying experience of having to present something in front of a group of our peers or superiors. Before we go “on stage” sweat starts coming out of our pores. When we stand up to present, our the audience looks at us with contempt, silently saying “proof yourself to us, kid”.
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World News

World’s best-selling weed killer found in human urine across Europe

15/06/2013 16:44 (3 Day 23:46 minutes ago)

The FINANCIAL -- The findings raise concerns about increasing levels of exposure to glyphosate-based weed killers, commonly used by farmers, public authorities and gardeners across Europe. The use of glyphosate is predicted to rise further if more genetically modified (GM) crops are grown in Europe, according to EUbusiness Ltd.

Experts developing framework for responsible marketing of alcohol

30/05/2013 19:03 (19 Day 21:27 minutes ago)

The FINANCIAL -- Heeding the call of industry to ensure robust rules are well understood and coherently applied across markets, the ICC Commission on Marketing and Advertising is developing a new global framework for responsible marketing communications of alcohol, according to the International Chamber of Commerce.

Bares wind farm helps solve energy riddle in Turkey

30/05/2013 19:10 (19 Day 21:20 minutes ago)

The FINANCIAL -- Capable of producing 143 megawatts of power, the EBRD-financed Bares wind farm will boost the amount of electricity generated by wind in Turkey by 8 per cent. Producing that amount of power from fossil-fuel based alternatives would create 317,000 tons of CO2 emissions a year, which is equivalent to the emissions of 75,000 cars, according to the European Bank for Reconstruction and Development.

United States and Saudi Arabia Sign Open Skies Air Transport Agreement

30/05/2013 19:05 (19 Day 21:25 minutes ago)

The FINANCIAL -- U.S. Ambassador James B. Smith and Saudi Arabia’s Deputy Director of the General Authority of Civil Aviation, Dr. Faisal bin Hamad Al-Sugair, signed an Open Skies air transport agreement in Jeddah, Saudi Arabia, according to the U.S. State Department.

CityLife

Kardashian Baby Predicted to be More Spoiled Than Future Heir to English Throne

12/06/2013 16:50 (6 Day 23:40 minutes ago)

The FINANCIAL -- When it comes to which baby will be born first, a majority of Americans aren't sure (59%), but 26% believe Kate and William's baby will come first, compared to 15% who believe it will be Kimye's, according to an online Harris Poll.

TRAVEL BIZ »
More Polish Tourists Visiting Georgia, Statistics Show Fitch: No Immediate Impact on Genting's Ratings from Echelon Acquisition Relaunched Rib Room 'serves lacklustre food at extortionate prices', says Jay Rayner

PRESS RELEASES »
GFF and the Radisson Blu Hotels chain in Georgia to announce the official partnership IFC Supports Microfinance Lending, to Help Entrepreneurs and Create Jobs in Georgia World Bank Group and Georgia to Promote e-Government Solutions, Enhance Investment Climate

FINANCIAL »
Swiss SMEs: Company Succession Is a Matter of the Heart Nonprofit Journalism Business Basics More Important Than New Approaches to Growth, The Consumer Goods Forum and KPMG Find

UKRAINE »
Ukraine: in April the exports of groats reached its peak China to purchase sunflower oil not only from Ukraine, but also from Russia In 2013, Ukrlandfarming plans to export 2.5 mln tonnes of grains

GEORGIA »
Poles to Support Georgian Capital Market, Privatization and Pension System WSE: “We Want Georgian Companies to be Listed Here” Georgia - Regional Leader in e-Governance

WORLD »
Commission calls for cooperation to boost sustainable aquaculture in Europe Asia Leads Global Recovery, Further Reforms Will Help Address Medium-Term Challenges Serbia and Kosovo: historic agreement paves the way for decisive progress in their EU perspectives

BANKS »
Fitch Affirms Four Georgian Banks The Cost of Cash: German Consumers Pay Eur 150 Per Year South Africans are Saving for Precautionary Measures – MasterCard Survey

BUSINESS »
Agri-Insurance Set to Become Leading Product despite Scepticism among Agri-Producers Impact of euro debt crisis on 50+ investors Fraudulent P&C Insurance Claims on the Rise in Europe, Accenture Survey Finds

TECH »
New MTV Study Shows Sharp Differences Between Younger and Older Millennials Fraudulent P&C Insurance Claims on the Rise in Europe, Accenture Survey Finds Mobile Operators Should Offer More Digital Services to Keep Customers

MARKETS »
West looks East Asian directors under scrutiny Colombia: Lloyd's next sweet spot?

B SCHOOLS »
Research reveals early impact of legal aid cuts Life settlements are a win-win for consumers and investors How to be happy with less money? – try thinking about your friends instead

SPECIAL REPORTS »

Politics

PACE President invites Georgia’s political forces to develop a culture of political cohabitation

30/05/2013 18:44 (19 Day 21:46 minutes ago)
The FINANCIAL -- At the end of his official visit to Georgia, PACE President Jean-Claude Mignon has welcomed the democratic transition of power in the country following the parliamentary elections in October 2012, which were generally considered by observers to have been free and fair, according to Council of Europe.
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PR Releases

GFF and the Radisson Blu Hotels chain in Georgia to announce the official partnership

19/06/2013 12:13 (04:17 minutes ago)

The FINANCIAL -- Management of GFF and the Radisson Blu Hotels chain announced their official partnership for the year 2013.

Markets

West looks East

15/06/2013 13:31 (4 Day 02:59 minutes ago)

The FINANCIAL -- Sluggish growth in the West is prompting many companies to look further afield for export opportunities. Emerging markets are now major importers as well as exporters and are seeing bigger increases in consumption than developed countries, according to HSBC Group.

Jobs

Stalled jobs may delay US taper

15/06/2013 13:22 (4 Day 03:08 minutes ago)

The FINANCIAL -- The housing market in US is in a strong uptrend but the manufacturing sector is beginning to falter. This has fuelled uncertainty about the US economic outlook, according to HSBC Group, including among members of the Federal Open Market Committee (FOMC), which appears to be considering tapering or slowing the pace of quantitative easing (QE), possibly towards the end of 2013.

TRAVEL BIZ

Hyatt launches ready to thrive to support global literacy and career readiness

19/06/2013 14:02 (02:28 minutes ago)
The FINANCIAL -- Hyatt Hotels Corporation announced its long-term commitment to education and workforce readiness with Ready To Thrive, a new global philanthropy program focused on literacy and career development.
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JAL SKY SUITE Named “Best Business Class Airline Seat”at SKYTRAX’s 2013 World Airline Awards

19/06/2013 13:42 (02:48 minutes ago)
The FINANCIAL -- JAL SKY SUITE was named “Best Business Class AirlineSeat” globally, based on the world’s largest airline passenger satisfaction survey conducted by SKYTRAX. Japan Airlines (JAL) received the top honor for its new fully-flat Business Class seat at SKYTRAX’s 2013 World Airline Awards held at Paris Air Show, accordig to Japan Airlines.
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Oil&Auto

BMW Group reports best May sales ever

14/06/2013 16:44 (4 Day 23:46 minutes ago)
The FINANCIAL -- With 166,397 BMW, MINI and Rolls-Royce automobiles delivered worldwide, the BMW Group achieved its best-ever May sales result. A total of 770,025 vehicles have been delivered to customers since the start of the year, the highest sales figures ever for the company in the first five months of the year, according to the BMW Group.
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