Caucasian Business Week #53

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BUSINESS WEEK May 12, 2014 #53

May 12, 2014, Issue 53

GEORGIA GEORGIA’S PM ASSURES TURKEY IN SAFE INVESTMENT ENVIRONMENT

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here is really fair, transparent and safe investment environment in Georgia and each cent of invested funds will be protected by the law and state. Pg. 2

RATING OF INSURANCE COMPANIES: THE SITUATION ON THE MARKET IS CHANGING

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ating of five leading insurance companies of Georgia, excluding premiums attracted through the state programs, looks as follows: Aldagi-BCI - 91, 5 million GEL (36%), GPI-holding - 58, 4 million GEL (23%), Ardi 22 million (9%), IRAO - 20, 3 million (8%), ICgroup - 12, 5 million GEL (5%). Pg. 5

EY ENTREPRENEUR OF THE YEAR™ - FIRST ENTREPRENEURS CONTEST IN GEORGIA

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Y Georgia” company with the support of Economy and Sustainable Development Ministry holds business rewarding for the first time in order to reveal “Entrepreneur of the year”. Pg. 5

RAILWAY IS GOING TO UTILIZE EUROPE-CENTRAL ASIA CONTAINER SHIPMENT ROUTE

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eorgian Railway will use a new container park for shipments to Central Asia direction. Director general of the subsidiary of JSC Georgian Railway - Trans Caucasus Terminals - Levan Janjgava states that it is the first case Pg. 6 when Georgia has own container park.

CIS UKRAINE RECEIVES FIRST $3.2 BILLION FROM IMF

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kraine, a nation on the brink of civil war and bankruptcy, has received its first emergency rescue money from the International Monetary Fund (IMF), the National Bank of Ukraine reported. Pg. 10

EAST, NOT WEST: RUSSIA’S TOP 5 TRADE PARTNERS IN ASIA

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eopolitics are changing fast, and the Ukraine crisis has brought Russia closer to its eastern neighbors. Pg. 10

AZERBAIJAN MOODY’S CONFIRMS STABILITY IN AZERBAIJAN’S BANKING SYSTEM

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he outlook on Azerbaijan’s banking system remains stable, Moody’s Investors Service reported on April 29. Pg. 11

AZERBAIJAN TO CHAIR ADB IN 2015

zerbaijan is set to take the presidency of Asian Development Bank (ADB) in 2015. The news was announced by ADB’s Governor for Kazakhstan Erbolat Dossaev on May 5. Pg. 11

WORLD NEWS BARCLAYS ‘BOLD SIMPLIFICATION’ WILL SLASH 19,000 JOBS, CREATE ‘BAD BANK’

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ritain’s second-biggest bank will eliminate 19,000 jobs over the next three years, with major cuts aimed at its investment bank, signaling the lender has given up becoming a major player in global investment banking. Pg. 13

WARREN BUFFETT WON’T ‘GO TO WAR’ WITH COCA-COLA

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arren Buffett defended his decision to abstain from a shareholder vote on Coca-Cola’s new controversial executive compensation scheme at this weekend’s Berkshire Hathaway investor meeting. Pg. 13

caucasian business week www.facebook.com/CBW.ge Partner News Agency

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RATING OF COMMERCIAL BANKS IN TERMS OF TOTAL ASSETS, STOCK CAPITAL, TOTAL LOANS, TERM DEPOSITS, NET PROFITS AND RESERVES ON AVAILABLE LOSSES Pg. 3

THE REASONS FOR BLOCKING 4G COMMUNICATION TECHNOLOGY IN GEORGIA

Turkish President: Construction of BakuTbilisi-Kars Railway will be Completed Soon Pg. 4 Levan Berdzenishvili: “Arguments from Khudoni HPP Opposers are Weak” eak” Pg. 8

Georgian Health Minister is Content with Healthcare Program Results Pg. 6

Majority of Voters Why Does the National Communications Commission Wants to See David Lobby Magticom Interests? Pg. 6 Narmania as or Tbilisi Mayor Pg. 4

Mirian Gogiashvili: State Development Bank is Nnecessary for the Georgian Economy Pg. 4


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