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International Criminal Court delivered arrest warrants for Russians involved in war crimes

The FINANCIAL — International Criminal Court issued the public redacted versions of arrest warrants for three individuals in the context of the situation in Georgia: Mr Mikhail Mayramovich Mindzaev, Mr Gamlet Guchmazov and Mr David Georgiyevich Sanakoev. On 24 June 2022, Pre-Trial Chamber I, composed of Judge Péter Kovács, Presiding Judge, Judge Reine Adélaïde Sophie Alapini-Gansou and Judge María del Socorro Flores Liera, considered, based on the Prosecutor’s applicationof 10 March 2022, that there were reasonable grounds to believe that each of these three suspects bears responsibility for war crimes. The arrest warrants relate to conduct during the 2008 armed…

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In last 100 Days U.S. Blocked or frozen more than $30 billion worth of sanctioned Russians’

The FINANCIAL — The Russian Elites, Proxies, and Oligarchs (REPO) Task Force has leveraged extensive multilateral coordination to block or freeze more than $30 billion worth of sanctioned Russians’ assets, freeze or seize sanctioned persons’ high-value goods, and heavily restrict sanctioned Russians’ access to the international financial system. REPO members have achieved these successes through…

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E-Learning at Georgian Schools

The FINANCIAL -- Hewlett Packard (HP), Microsoft Corporation, Siveco, Canonical, - these global Informational Technologies (IT) brands gathered in Georgia to discuss the ways of e-learning development at Georgian schools. …

5 mins read
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Investing in Ukrainian Real Estate

The FINANCIAL -- Ukraine’s real estate market is currently defined by a severe shortage of quality commercial and residential property. Rising income and growing wealth, on the one hand, and a simultaneous difficulty in procuring development sites on the other, allow…

6 mins read
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Industrial production up by 1.2% in euro area

The FINANCIAL -- In August 2007 compared with July 2007, seasonally adjusted industrial production1 increased by 1.2% in the euro area2 (EA13) and by 0.9% in the EU272. In July3 production grew by 0.7% in the euro area and by 0.6%…

1 min read
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The Second Visit of German Businessmen in Georgia

The FINANCIAL -- For the second time since the foundation of the German-Georgian Economic Union in September 2007, Patricia Flor, the German Ambassador to Georgia, hosted the German businessmen’s visit to Georgia in September.  “It was only two weeks…

3 mins read
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Citi Forms Institutional Clients Group

The FINANCIAL – Citi has announced the appointment of Vikram Pandit, 50, as Chairman and CEO of the newly formed Institutional Clients Group comprising Citi Markets & Banking (CMB) and Citi Alternative Investments (CAI). He will continue to report to the…

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British Airways will now offer three flights to London

The FINANCIAL -- British Airways will now offer three flights to London from Tbilisi, local bmi representative office reported. Regular non-stop flights will depart Tbilisi International Airport to Terminal 1 at Heathrow at 12.30 on Monday, 12.35 on Thursday and 13.30…

2 mins read
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Bank of Georgia to tighten ties with Ukrainian financial sector

The FINANCIAL -- Bank of Georgia the leading Georgian universal bank, announced last week that it has successfully completed the acquisition of a 98.77% equity interest in Universal Bank of Development & Partnership (“UBDP”), a mid-sized bank in Ukraine. “We look forward…

3 mins read
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Bank TuranAlem: largest single transaction for the Kazakh issuer

The FINANCIAL -- JPMorgan and Standard Chartered Bank announced completion of securitization (emission) for Bank TuranAlem for the amount of $750 mlln. This emission is made by a specialized financial company BTA DPR ("emission") and is a first issue in the…

2 mins read
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Georgian Developer Companies Forming Alliance

The FINANCIAL -- Georgian developers ARCI, LIBO+ and SASCO, organized an architectural workshop to work out a joint concept of developing Avlabari, one of the areas of Old Tbilisi. Three teams of architects from Europe and the US worked for 3…

6 mins read
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Nielsen Launches “DemoWatch”

The Nielsen Company on 11th os October  launched DemoWatch, a new feature of its web-based commercial tracking service KeepingTrac that will enable advertisers to monitor demographic composition of their advertising audiences. …

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Money-Saving Tips to Enjoy your College life

Most students find saving through college very difficult and tasking. Of course, it is not easy to save as a college student. The reason is simply because most of the activities in college are just expenses bound.  You spend it all through…

Well, I See it Differently!

Why are we so sure that the way we see people, situations and politics is accurate, and the way other people see them is foolishly wrong? The answer, according to new research by UCLA psychology professor Matthew Lieberman, lies in a region of…