BERLIN — German Chancellor Angela Merkel and French President Francois Hollande agreed Tuesday to spend the coming weeks discussing proposals for generating economic growth in Europe, a first step to bridging their differences over how to tackle the eurozone debt crisis.
The conservative Merkel and Hollande, a Socialist who took office Tuesday, talked up their commitment to building a solid relationship after an election campaign in which Merkel backed then-President Nicolas Sarkozy, her key ally so far in tackling Europe’s financial troubles.
Hollande has criticized Merkel’s austerity-led approach to the continent’s debt …

The COMMERCIAL TIMES
Brussels, 15 May 2012- The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide and a member of the Carlson Rezidor Hotel Group, announces the Radisson Blu Resort, Tsinandali in Georgia. The property featuring 100 rooms is scheduled to welcome the first guests in 2014. Tsinandali lies in the province of Kakheti, one of the most popular tourism regions of Georgia; east of the capital city Tbilisi and bordered by the Greater Caucasus Mountains to the North.
“We are delighted to add a rare vintage to our …

The COMMERCIAL TIMES
Bank of Georgia, the leading commercial bank in the country, signed a memorandum with Caucasus Nature Fund (CNF), Agency of Protected Areas (Georgia) and the Ministry of the Ministry of Environment Protection of Georgia. According to the memorandum, the bank will allocate USD 75 000 financing from the Future Fund of Bank of Georgia for supporting Borjomi-Kharagauli National Park during one year. The financing will be spent in the development of the park and in covering current expenditures.
Bank of Georgia has been cooperating with the Agency of Protected Areas …

LONDON—European stocks opened slightly higher Tuesday after German gross domestic product figures came in significantly better than expected.
London’s FTSE 100 Index opened 0.4% higher at 5486.34, Germany’s DAX rose 0.75% to 6499.16 and Paris’s CAC-40 Index was 0.95% higher at 3087.1.
Amid all the euro-zone doom and gloom, strong German GDP figures gave investors something to cheer about Tuesday. Data show Germany’s economy, the largest in Europe, grew much more than expected in the first quarter, driven by a surge in net exports. GDP rose by 0.5% from the fourth quarter …

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Mercury, the biggest business wards in Georgia revealed winners of 2012.
For the second year already business sector in Georgia were given an opportunity to present themselves and got granted with the most prestigious Mercury award.
The organizers of Mercury 2012 were: the Ministry of Economy and Sustainable Development of Georgia, Georgian National Investment Agency (GNIA) and Georgian Chamber of Commerce and Industry (GCCI).
Partners of Mercury 2012 were: Gulf, Georgian Industrial Group, insurance company Aldagi-BCI. General Sponsor of the national awarding ceremony was Caucasus Online, Golden Sponsor- Zarapxana. Other …