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The FINANCIAL -- The Minister of Finance of Georgia, Mamuka Bakhtadze, stated that Georgia’s economic growth rate was 5% in 2017 which is twice as high as compared to Georgia’s neighbour countries. International Monetary Fund estimates put Georgia as the leader for the entire region (31 nations) for the next three years.
The FINANCIAL -- On 5 February 2018, the Minister of Economy and Sustainable Development of Georgia, Dimitri Kumsishvili, stated: “As of the first nine months of 2017, foreign direct investments from the European Union amounted to USD 411 million.”
The FINANCIAL -- In January 2018, the average price of cooking one Imeretian khachapuri stood at 3.71 GEL. Compared to the previous year (January 2017), the Khachapuri Index gained 1.3 %. While going up in yearly terms, the Index actually dropped 2.9% compared to the previous month (December 2017).
The FINANCIAL -- Georgia’s economic growth: beating expectations in 2017
The FINANCIAL -- Economy
The FINANCIAL -- Campbell Soup Company on Febuary 16 reported its second-quarter results for fiscal 2018.
The FINANCIAL -- The EBRD is supporting a landmark privatisation in Turkey with the provision of a loan of up to €27 million (TRY 160 million) to Zulfikarlar Holding A.S. subsidiary,Turkuaz Petrol Ürünleri A.Ş for the acquisition of Turkiye Petrolleri Petrol Dagitim A. Ş. (TPPD), the state-owned fuel distributor.
The FINANCIAL -- Air Canada on February 16 reported record full year 2017 EBITDAR (earnings before interest, taxes, depreciation, amortization, impairment and aircraft rent) of $2.921 billion compared to the previous record full year 2016 EBITDAR of $2.768 billion, an increase of $153 million.
The FINANCIAL -- The Kraft Heinz Company on February 16 reported fourth quarter and full year 2017 financial results.
The FINANCIAL -- Deere & Company reported a net loss of $535.1 million for the first quarter ended January 28, 2018, or $1.66 per share, compared with net income of $199.0 million, or $0.62 per share, for the quarter ended January 29, 2017.
The FINANCIAL -- The Coca-Cola Company delivered strong fourth quarter operating results and achieved or exceeded the Company's full year guidance in 2017.
The FINANCIAL -- WHO has issued new recommendations to establish global care standards for healthy pregnant women and reduce unnecessary medical interventions.
The FINANCIAL -- Roche and Flatiron Health, Inc. announced on February 15 that the two partners have signed a definitive agreement under which Roche will acquire all shares of Flatiron Health, following on from an existing equity stake of 12.6%.
The FINANCIAL -- On February 15, Eastman Kodak Company announced the availability of three new portable projectors from its North American brand licensee, C+A Global: the KODAK Pocket Portable Projector, KODAK Pocket Pico Projector, and KODAK Pocket Wireless Pico Projector.
The FINANCIAL -- In 2017, Intel brought to market a wide array of products designed to tackle the world’s growing stockpile of data.
The FINANCIAL -- Air Canada President and Chief Executive Officer Calin Rovinescu today announced the appointment of Jon Turner as Vice President, Maintenance.
The FINANCIAL -- The Volkswagen Group handed over 898,700 new vehicles to customers worldwide in the first month of this year.
The FINANCIAL -- NIB and the special-purpose vehicle SKR Spallation AB have signed a 23-year loan agreement of EUR 30 million for the construction of offices and laboratories at the site of the European Spallation Source in Lund, Southern Sweden.
The FINANCIAL -- The Board of Directors of The Coca-Cola Company on February 15 announced that business leaders Christopher Davis and Caroline Tsay have been nominated to stand for election to the board at the Company’s Annual Meeting of Shareowners in April.
The FINANCIAL -- Fourth Ministerial Meeting of Southern Gas Corridor Advisory Council in Baku, which was attended by the First Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development, Dimitry Kumsishvili, was summarized by signing of the Joint Declaration.