(CNA)-As Vanuatu’s Prime Minister Moana Carcasses Kalosil told Georgian President Mikheil Saakashvili, State of Vanuatu has cancelled its recognition regarding the independence of Georgia`s breakaway region of Abkhazia.
Carcasses said that there was a controversy over the recognition of Georgia’s issue inside the government of their country, but at the recent session of the government its member cancelled the recognition.
“A very serious diplomatic result has been achieved. Prime Minister of Vanuatu has confirmed a while ago, that they changed their decision to recognize Abkhazia and they now recognize the territorial integrity of Georgia and impose diplomatic ties with Georgia.
by Maia Edilashvili
Having someone point out exactly what you are doing wrong and what they think you can be doing better, is never easy to take. Business advisory services are all about building a relationship with a company based on trust and mutual understanding, to the point that an otherwise complete stranger, the consultant, will not be afraid to tell you directly the truth however painful.
The success story of a metal production company based near Tbilisi is a clear illustration that even though this process is challenging, correct management, combined with hard work and a willingness to listen, will always pay off.
By Kakha Baindurashvili
Agriculture is governments’ favorite playground. It is integral part of the politics. But especially in the poor countries it plays significant, if not the most important role in people’s employment and households’ sustainable development. Below is a story about Georgian rulers playing in Geoville, real-time game and how the sims are influenced by gamers’ strategies.
The terms “Georgia” and “Georgian” appeared in Western Europe in numerous early medieval annals. At the time, the name was folk etymologized – for instance, by the French chronicler Jacques de Vitry and the compiler John Mandeville – from Georgians’ especial reverence of Saint George.
Merima Zupčević Buzadžić, International Finance Corporation (IFC)
Boards of directors have recently been subject to increased criticism, in particular in the wake of the recent global economic and financial crises, as it is believed they failed the test when it came to timely detection of downward trajectories in financial performance of companies and to adequate monitoring of risks to which companies were exposed (both internal and external risks). Especially in developed economies, high levels of remuneration for board members became common practice in many companies, especially financial institutions – however this did not generally lead to meaningful contributions by such board members to supervising work performed by management.
(CNA)-მაშინ როცა ახალგაზრდა ინჟინერმა ლუი რენომ კლასიკური ველოსიპედი დიონ-ბოუტონი პატარა ავტომანქანად გადააკეთა და მოგვიანებით, პირველი ავტომობილი მამამისის ამხანაგს მიჰყიდა, ალბათ ვერც კი წარმოედგინა რომ მისი სახელი წლების შემდეგ მსოფლიო ავტო-ბრენდი გახდებოდა.
XIX საუკუნის ბრენდი აქტუალობას XXI-ე საუკუნეშიაც არ კარგავს და გამოირჩევა ინოვაციებით თვდაცვით ტექნოოგიებში, ელექტრომობილების წარმოებაში და, რაც მთავარია, კვლავ პასუხობს ბაზრის გამოწვევებს. კომპანიამ ამჯერადაც, დროულად უპასუხა ბაზრის გამოძახილს და მომხმარებელს განახლებული ახალი თაობის ცნობილი მოდელები – Renault Logan, Sandero და Sandero Stepway – შესთავაზა.
International Monetary Fund, World Economic Outlook Database, 2013
And another one is from wealthy state of ‘Georgia’ only mildly hit by 2008 crises with an average 6% growth over the years:
International Monetary Fund, World Economic Outlook Database, Ministry of Finance of Georgia, 2013
Now, reality is that these two graphs are both from one non-fiction country – Georgia (one which is on the Black Sea).
ProCredit Bank Georgia and Oesterreichische Entwicklungsbank (OeEB, the Development Bank of Austria) have signed a credit line agreement
Published on: 2013/05/21 | Comments: 0
On 21 May 2013 representatives of ProCredit Bank Georgia and OeEB signed their first direct funding agreement at ProCredit Bank Georgia’s new head office in Tbilisi to fund energy efficiency projects and foster the development of small and medium enterprises in Georgia.
ProCredit Bank Georgia and OeEB have been successfully co-operating since 2008, focusing on the development of small and medium businesses right from the very start. The credit line, which is equivalent to USD 15 million, will serve two main purposes: 50% will be used to further support and expand investments in the area of energy efficiency and renewable energy, while the remaining 50% will be directed to the financing of small and medium businesses in Georgia..
Published on: 2013/05/20 | Comments: 0
Shop with American Express® Online Cards and Get More MR Scores and Cashback
(CNA)-Bank of Georgia, the leading commercial bank in the country, launched a large-scale online shopping therapy campaign. Consumers who will do online shopping (internet shopping) by Bank of Georgia’s any of American Express cards from May 20 to July 20 will get 3MR scores for every 1 Lari spent and 2% on American Express Blue card. Bank of Georgia’s American Express card holders are able to do online shopping with no obstacles at all, including foreign web pages; consumers can also register on PayPal.
Published on: 2013/05/17 | Comments: 0
(CNA)-Georgian wines have won 10 medals at The Concours Mondial de Bruxelles, which was held on May 10-12 in Bratislava, Slovakia. 34 Georgian wines were competing at the contest, which means 1/3 of all presented wines have been awarded.
In total, 8,200 wines from 50 producer countries were presented at The Concours Mondial de Bruxelles.
Published on: 2013/05/16 | Comments: 0
(CNA)- Georgia mourns its soldiers. Flags have been lowered throughout the country. All entertainment activities are cancelled. President of Georgia has declared May 16 a Day of Mourning in memory of the three Georgian soldiers who were killed in a combined attack on Shirgaza military base in Afghanistan.
Bodies of the dead soldiers have arrived today at the Tbilisi International Airport. The coffins will be later taken to the Kashueti Church for civil funerals.
Corporal Aleksandre Kvitsinadze, Junior Sergeant Zviad Davitadze and Corporal Vladimer Shanava have been nominated to the First Vakhtang Gorgasali Prize.
Published on: 2013/05/15 | Comments: 0
(CNA)-On Rompetrol Georgia’s 8th year jubilee head office employees serve consumers at Tbilisi filling stations.
According to the company’s management, 82 employees from head office, including General Director Nurken Murzagalyev, personally serve consumers at Tbilisi filling stations.
“Our company has been successfully operating on Georgian market for 8 years already. During this period lots of people have become our faithful consumers and we’re thankful to them and as a sign of respect we’re personally serving them at filling stations.