World

At least 22 European banks expect to raise capital following the AQR

The FINANCIAL -- Most European banks believe they’ve raised enough capital to weather the Asset Quality Review (AQR) and stress test, but, in an anonymous poll of 294 banks across Europe, 22 said they expect to have to raise capital following the exercise and 43 said they may need to, according to EY’s European Banking Barometer for the first half of ...

DHL Georgia: “Law on Postal Service the Main Challenge for Us”

The FINANCIAL -- A new draft law on postal service that has established the Georgian Post monopoly is not meeting either EU regulations or general conditions of a competitive business ...

Golden Brands Geocell and Microsoft offer an attractive solution for business development

The FINANCIAL -- Geocell has always been outstanding for its brand awareness and creativity and the reason for it perhaps is the company’s constant strive to feel the innovation ...

Georgia at Bottom of Employment Rate in the Region, GeoStat

The FINANCIAL -- During the first five months of 2014 the number of job vacancies in Georgia increased by 2% compared with the same period of 2013. However, with 14.6% of citizens jobless the country ...

10 New Brands to Enter Tbilisi Mall

The FINANCIAL -- Smyk, Perspective and DaVinci are new opened in Tbilisi Mall. In total about 10 new brands will be entering Tbilisi Mall in 2014. To compare, year on year the footfall has increased ...

China and Ukraine to Replace Kazakh Market for Georgia

The FINANCIAL -- Georgian entrepreneurs are preparing to switch to Chinese and Ukrainian markets. Kazakhstan, which recently joined the Eurasian Economic Union (EaEU) treaty endorsed by Russia, is ...

Philippine Companies to Explore Manufacturing Opportunities in Georgia—Consul Cunanan

The FINANCIAL -- The Philippines is interested in producing mass products in Georgia such as soap, toothbrushes, toothpaste and personal care items, which will be exported to neighbouring countries ...

Business Registration in Georgia Increased by 10 Percent

The FINANCIAL -- An almost 10 percent increase was observed in registering business in the first quarter of 2014 compared to the same period of 2013, according to official data provided by the ...

VISA: Georgia the Leader of 17 Countries in Contactless Cashless Payment

The FINANCIAL -- In terms of contactless cashless payments Georgia is the leader of 17 countries in Visa’s CIS-SEE region (Commonwealth of Independent states and South-East ...

Promising Georgian Start-Ups

1. Vakhtang Meladze, 28, Director of GEO PlastMeladze started producing bottles in 2013 and founded the company GEO Plast with initial capital of USD 70,000. The company produces PET bottles (bottles ...

“EU Says Georgia Is Ready. That Means Georgia Is Ready!” EBRD

The FINANCIAL -- Just days before Georgia signs the Association Agreement and the Deep and Comprehensive Free Trade Area (DCFTA) with the European Union, the EBRD is set to support Georgia in the ...

Geopast: “There is Unequal Competition on the Georgian market”

The FINANCIAL -- “We have great competition,” said Tengiz Patsatsia, Founder of Geopast. “This competition is because of the large amount of products that are imported from abroad. There ...