Posts Tagged ‘Commerce’
“TDA Holdings Limited” purchases Cascade Bank
RA State Commission for the Protection of Economic Competition has sanctioned the bargain of Cascade Bank. The bank was purchased by the major shareholder and owner of Ameriabank TDA Holdings Limited. The Cyprian company is supposed to become the sole owner of the bank's shares. Remind that [...]
German Daimler fined at $185m
Management of German Daimler motor company admitted giving bribes to public officers in 22 states. Judgment of conviction for Daimler was made by US. Federal Court on April 2. The company is liable of paying U.S. $185m to the U.S. Ministry of Justice, as well as U.S. Securities and Exchange [...]
Diamond cutting increased by 35% in Armenia in January-February 2010
Due to the global financial crisis, a significant recession was recorded in diamond cutting of Armenia. Head of the Department of Trade and Effective Markets of the RA Ministry of Economy said that 600 people were employed in this field at the end of 2008, while their number decreased to 380 people [...]
ADB to provide $40 million loan help build a new terminal at Zvartnots International Airport
The Asian Development Bank (ADB) is providing a loan of up to $40 million to help build a new terminal at Zvartnots International Airport in Yerevan, Armenia. The loan marks ADB's first private-sector infrastructure investment in Armenia and the Caucasus region and comes at a critical time for [...]
Speculation Grows on Google’s Future in China
Google’s legal structure in China will allow the company to continue operations in the country even if it closes its local search engine, local employees and industry and legal experts say, reports The Financial Times. The comments come amid frenzied speculation that Google is on the verge of [...]