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World Bank Announces US$1 Billion Pledge to Africa’s Great Lakes Region


Thursday, May 23, 2013
News Making Money

U.S. Assistance to Georgia

05/11/2012 01:21 (199 Day 08:33 minutes ago)

The FINANCIAL -- The United States has provided over $3 billion in assistance to Georgia since its independence in 1991, including a $1 billion post-conflict assistance package in the aftermath of the 2008 conflict.

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USAID Spent USD 52 Million in Georgia this Year

05/11/2012 01:17 (199 Day 08:37 minutes ago)

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The FINANCIAL -- The largest project USAID implemented in 2012 was the Power and Gas Infrastructure Programme.

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“Georgia Didn’t Do a Sufficient Job in Attracting US Funds”

05/11/2012 01:04 (199 Day 08:50 minutes ago)

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The FINANCIAL -- “The interests of US companies in Georgia are divided in to two areas: the first is interest in American exports of goods, technologies, equipment and services; and the second area is investments in the Georgian economy. At this stage we should expect interest in energy, transportation, agribusiness, tourism and financial sectors, but it is also important to state that any business that brings profit can be interesting for American investors,” said Mamuka Tsereteli, President of the America-Georgia Business Council.

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USAID Project Secured USD 109 Million FDI, Waiting for Additional USD 559 Million

05/11/2012 00:56 (199 Day 08:58 minutes ago)

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The FINANCIAL -- With just 50 employees in total, Economic Prosperity Initiative’s (EPI) project in Tbilisi , financed by USAID, has so far secured USD 109 million in foreign investment and commitments, with an additional pipeline of investment opportunities of USD 559 million.

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“Today’s Young Generation is More Educated,” President of Caucasus University

05/11/2012 00:29 (199 Day 09:25 minutes ago)

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The FINANCIAL -- Almost 100 percent of Caucasus University’s Master’s graduates are employed, while up to 90 percent of Bachelor’s graduates are in work as well.

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Frequent Changes to Tax Code Concern for Foreign Businesses

05/11/2012 00:25 (199 Day 09:29 minutes ago)

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The FINANCIAL -- Georgian revenue administration in both the tax and customs spheres is now very modern with a strong client service approach, ample infrastructure, innovative thinking, effective use of technology and good IT infrastructure, and a young, motivated and focused staff, claims Deloitte.

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UGT Holding Expecting Moderate Growth in 2012

05/11/2012 00:19 (199 Day 09:35 minutes ago)

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The FINANCIAL -- UGT Holding, leading systems integrator and provider of solutions in the field of information and communication technology, expects to have growth of 15-20% by the end of 2012.

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David Lee: Georgia is a “buy”

05/11/2012 00:00 (199 Day 09:54 minutes ago)

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The FINANCIAL -- “If the Russian market is open for Georgia it will not disturb Georgian-American trade relations”, said David Lee, the President of Magticom and Chairman of the Eurasia Partnership Foundation.

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AmCham to Focus on Agri Business

04/11/2012 23:56 (199 Day 09:58 minutes ago)

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The FINANCIAL -- The most interesting field for American businessmen this year will be agriculture as the new government plans to promote the sector, Sarah Williamson, President of AmCham told The FINANCIAL in exclusive interview.

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“American Business in Georgia Isn’t Developing at a Preferable Speed” Mamuka Tsereteli

07/11/2011 08:29 (563 Day 01:25 minutes ago)

The FINANCIAL -- Eftychis Gregos Mourginakis is a young American businessman who arrived in Georgia to invest in the country. He and his partners founded the company Delamar, which will soon start operating in the venture capital and advisory sector.

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“Some of the 2-3 Trillion USD of Investment Capital Available in the US Could End Up in Georgia”

07/11/2011 06:39 (563 Day 03:15 minutes ago)

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The FINANCIAL -- In January 1998, the America-Georgia Business Development Council was formed on the initiative of several companies and individuals who were dedicated to improving the economic condition of Georgia.

 

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Helping Georgia Prosper

07/11/2011 03:24 (563 Day 06:30 minutes ago)

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The FINANCIAL -- The goal of USAID’s four-year $40 million Economic Prosperity Initiative (EPI) is to serve as a catalyst to spur investments and increased employment and productivity in agriculture and high-export manufacturing and services sectors.

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“U.S. investment in Georgia can lead to U.S. exports and therefore more jobs for Americans”

07/11/2011 03:07 (563 Day 06:47 minutes ago)

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The FINANCIAL -- Q. Why is Georgia attractive for American investors and especially which fields are the most attractive? How did the tendency change during last years?

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Marriott Introducing Tbilisi to the World

07/11/2011 02:59 (563 Day 06:55 minutes ago)

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The FINANCIAL -- By Steve Horvath, Area Director Revenue Management Eastern Europe, and Rene Mooren, Area Director of Sales and Marketing, talked to The FINANCIAL about developing their business in Georgia and about developing Georgia’s marketplace.

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Online Shopping on US Sites in Georgia on the Rise

07/11/2011 02:53 (563 Day 07:01 minutes ago)

The FINANCIAL -- The popularity of online shopping on US sites is significantly increasing amongst Georgians. Weekly parcels of about 10-15 tons are delivered to Georgia from the USA via more than 10 transportation companies.

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Insight into the Life of an American Teacher in Georgia

07/11/2011 02:51 (563 Day 07:03 minutes ago)

The FINANCIAL -- Anthony Cardwell is one of a number of American teachers to have recently come to Georgia. He lives in Adjara with a Georgian family, speaks a little Georgian and feels thoroughly at home in the country.

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Banks
Leumi launches the "Leumi Business Fund" for small and medium businesses - totaling NIS 3 billion

18/05/2013 02:27 (5 Day 08:27 minutes ago)

The FINANCIAL -- Bank Leumi announced the launch of 'Leumi Business Fund' totaling NIS 3 billion - with preferred terms, fast approval track and without unnecessary red tape.

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Politics
“The ECA’s role of external auditor of the EU is more important than ever in its 35-year history”

09/05/2013 06:55 (14 Day 03:59 minutes ago)

The FINANCIAL -- Luxembourg Prime Minister Juncker, Minister of State Perry representing the Irish Presidency of the Council, and ECA President Caldeira, spoke today - the eve of Europe Day - at the inauguration of the ECA’s new building, about the challenges facing the European Union and the role of the European Court of Auditors .

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