The COMMERCIAL TIMES
Georgian-Korean business forum, organized by Georgian Chamber of Commerce and Industry (GCCI) and Georgian National Investment Agency (GNIA), is said to be the start of the new wave of Korean-Georgian relations. After 20 years of diplomatic relations South Korea is willing to invest in Georgia’s economy. According to Vera Kobalia, the Minister of Economy and Sustainable Development of Georgia, Korean businessmen are mainly interested in Georgia’s energy sector.
“It’s already 20 years that Georgia and Korea are in diplomatic relations and it’s the first time that we see …

Asian shares rose on Thursday, retaining positive momentum as the Federal Reserve reassured markets it would keep its very accommodative stance to support growth, while optimism grew over strong quarterly corporate earnings.
Investor confidence was also boosted by a rally in Apple Inc shares as it reported quarterly profits nearly doubling on the back of soaring iPhone sales in China, lifting tech-heavy Asian markets such as Taiwan and South Korea earlier in the day.
There was skepticism Asian markets would climb as much as their global counterparts did overnight, however, as concerns …

Britain’s economy has fallen into its second recession since the financial crisis after an shock contraction at the start of 2012, heaping pressure on Prime Minister David Cameron’s government as it reels from a series of political missteps.
Britain’s Conservative-Liberal Democrat coalition has seen its support crumble after weeks of criticism over unpopular tax measures in last month’s budget, and is under further pressure from revelations about its close links with media tycoon Rupert Murdoch.
With local elections taking place on May 3, there could hardly be worse timing for April 25’s …

The COMMERCIAL TIMES
Tbilisi, April 25, 2012. Bank of Georgia, the leading Georgian bank, announced the launch of a new product- Renovation Loan.
Renovation Loan is a client-oriented flexible product, which meets all the requirements of the clients who are willing to renovate their houses or apartments or buy furniture. The client has only to declare the renovation estimate.
Renovation loans are approved both in Lari and USD. Loan term is up to 6 years.
For additional information visit www.sb.ge
 
 
 

Gold held around $1,641 per ounce on Wednesday, underpinned by stronger equities, but investors were also looking for hints of another round of quantitative easing when the U.S. Federal Reserve ends its two-day meeting.
Previous rounds of asset purchases by the Fed weakened the dollar and boosted U.S. and global stocks. The central bank is expected to reiterate its intent to keep benchmark U.S. interest rates near zero over the next two years, which could burnish gold’s safe-haven appeal.
Bullion struck a 2012 high around $1,790 in late February after the Fed …