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Can Georgia Develop a Knowledge-Based Economy?


Wednesday, April 23, 2014
News Making Money

EBRD approves €350 million financing for Ukraine projects

11/04/2014 11:00 (12 Day 00:45 minutes ago)

The FINANCIAL -- The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved two projects for Ukraine , amounting to €350 million.

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Reforms Critical For Ukraine to Improve Living Standards

05/04/2014 11:37 (18 Day 00:08 minutes ago)

The FINANCIAL -- Ukraine should implement a series of urgent economic reforms in the near future to enable it to achieve strong economic growth and create good quality jobs in the next few years, says a new World Bank Economic Update for Ukraine.

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Americans: Disengaged, feeling less respected, but still see U.S. as world’s military superpower

04/04/2014 10:19 (19 Day 01:26 minutes ago)

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The FINANCIAL -- Unsurprisingly all the polls show that Americans don’t want to get too involved in Ukraine’s problems with Russian encroachment, just as they have been disinclined to get drawn into other recent world trouble spots, including Syria, Egypt and Libya.

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Political clouds over economic recovery

02/04/2014 10:46 (21 Day 00:59 minutes ago)

The FINANCIAL -- Since February, the dominant topic has been the conflict between Ukraine and Russia, which has now resulted in the annexation of Crimea by Russia.

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Banks
Lowest Interest Rate for Mortgages Offered by TBC Bank

21/04/2014 00:00 (2 Day 11:45 minutes ago)

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The FINANCIAL -- TBC Bank is offering a new mortgage loan which has been developed specially for potential clients of Lisi Development, and has an interest rate which ranges from 0% to 8.44%. 

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Politics
Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (6 Day 18:52 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.

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TRAVEL BIZ
American Express Reports First Quarter EPS of $1.33, Up 16 Percent from a Year Ago

19/04/2014 14:24 (3 Day 21:21 minutes ago)

The FINANCIAL -- American Express Company reported first-quarter net income of $1.4 billion, up from $1.3 billion a year ago. Diluted earnings per share rose 16 percent to $1.33, from $1.15 a year ago, according to the American Express Company.

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World News
Helping Bulgarian farmers to become landowners

19/04/2014 11:39 (4 Day 00:06 minutes ago)

The FINANCIAL -- The EBRD is providing a €5 million to loan to Elana Agrocredit AD to co-finance the development of Bulgaria’s agricultural land market.

The World Bank Supports Small and Medium-sized Businesses in Tunisia

19/04/2014 10:29 (4 Day 01:16 minutes ago)

The FINANCIAL -- The World Bank approved an additional loan for US$100 million for Micro, Small and Medium Enterprises (MSMEs) in Tunisia.

EBRD loans to boost energy efficiency and support competitiveness of Macedonian companies

16/04/2014 16:42 (6 Day 19:03 minutes ago)

The FINANCIAL -- The EBRD has teamed up with Macedonian bank, NLB Tutunska banka, to increase the competitiveness of the Macedonian private sector and to promote energy efficiency in the country with a €6 million financing package, according to EBRD.      

EBRD helps modernise Baltic freight handling

16/04/2014 16:29 (6 Day 19:16 minutes ago)

The FINANCIAL -- A €32.5 million loan from the EBRD to Klaipedos Smelte, the company operating the container terminal at Klaipeda port in Lithuania, helped modernise its freight handling capacities and upgrade the whole Baltics region as a transit hub, according to EBRD.


Markets
Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (3 Day 22:05 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Oil&Auto
Shell announces Malaysia deep-water gas discovery

19/04/2014 12:52 (3 Day 22:53 minutes ago)

The FINANCIAL -- Shell announced an exploration discovery offshore Malaysia. The successful ‘Rosmari-1’ well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123 metres, according to Shell.

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INSURANCE
M&A insurance grows as confidence increases

18/04/2014 16:18 (4 Day 19:27 minutes ago)

The FINANCIAL -- As the green shoots of economic recovery have started to show in key markets like the UK and US, demand for mergers and acquisitions (M&A) insurance has been rising, according to Lloyd's, the world's specialist insurance market.

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