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Saturday, November 21, 2009
News Making Money

Ombudsman Meets Finance Minister over Batumi-Based TV’s Tax Dispute

30/10/2009 17:11 (21 Day 23:53 minutes ago)

The FINANCIAL -- According to Civil Georgia, the Finance Ministry agrees to restructure tax debt of Batumi-based television station, Channel 25, so that not to hinder the station’s operations, Giorgi Tugushi, the public defender, said after meeting with Finance Minister, Kakha Baindurashvili, on October 29.

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On October 9 the Batumi City Court rejected the TV station’s appeal and upheld a decision by the local tax service’s decision, according to which Channel 25 has to pay GEL 277,547 (about USD 166,000). The TV station feared that the decision would endanger its operation, as law entitles the state to auction the TV station’s assets if the latter fails to repay the debt.

 

The TV station says that GEL 277,547 unpaid tax was accumulated in a period it was under the control of then Adjarian leader Aslan Abashidze, who seized it from its legal owners, who were able to restore their ownership rights only after Abashidze had to resign in 2004.

 

The Public Defender said that he underlined during the meeting with the Finance Minister “importance of existence of an independent regional media.”

 

 

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Politics
Ruling Party Firm on 30% Threshold for Mayoral Election

21/11/2009 13:54 (03:10 minutes ago)

The FINANCIAL -- According to Civil Georgia, the ruling party has already compromised on number of key electoral issues, including on rule of electing Tbilisi mayor and now expects the Alliance for Georgia to reciprocate and agree on 30% threshold for electing the capital city’s mayor, a senior ruling party lawmaker said on November 20.

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World News
Christian leaders issue "The Manhattan Declaration: A Call of Christian Conscience."

21/11/2009 14:25 (02:39 minutes ago)

The FINANCIAL -- A group of prominent Christian leaders and scholars unveiled a joint declaration on November 20. The declaration issues a clarion call to Christians not to accept rules and laws concerning abortion and gay marriage.

U.S. to send expert group to N.Korea ahead of envoy's visit

21/11/2009 13:51 (03:13 minutes ago)

The FINANCIAL -- According to RIA Novosti, the United States will send a group of experts on Korean affairs to North Korea on November 21 for talks on the country's nuclear program, ahead of a visit by Washington's envoy, Yonhap news agency said.

Americans Have Very Different Attitudes to Different Countries in, or Near the Middle East

21/11/2009 13:05 (03:59 minutes ago)

The FINANCIAL -- Americans may not be known for being good at geography or history, but they do have very different opinions of different countries, including countries in or near to the Middle East.

UN panel criticizes Iran over post-election crackdown

21/11/2009 12:16 (04:48 minutes ago)

The FINANCIAL -- According to RIA Novosti, the UN General Assembly's human rights committee has passed a resolution condemning the Iranian government for the crackdown on protests following the June presidential election.

CityLife
Miley Cyrus tour bus crashes, killing the driver

21/11/2009 12:20 (04:44 minutes ago)

The FINANCIAL -- The driver of a tour bus for Miley Cyrus died on November 20 when the vehicle crashed in Virginia, another person was injured when the bus, one of several in a group carrying the singer's band and crew, ran off the side of the road and overturned. The 16-year-old “Hannah Montana’’ star Miley Cyrus wasn’t on board.



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Markets
NASDAQ OMX Launches New Fixed Income Index

21/11/2009 10:40 (06:24 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm announces that it has launched a new fixed income index named OMRX All Index, which will act as a benchmark for the Swedish bond and money markets.

Jobs
ILO Governing Body calls for comprehensive crisis response

21/11/2009 11:32 (05:32 minutes ago)

The FINANCIAL -- The Governing Body of the International Labour Office called for an “employment oriented” response to the global economic crisis based on policy measures set out in the ILO’s Global Jobs Pact.

TRAVEL BIZ
Carlson Hotels Appoints Michael Hutchins as Vice President of Development for Radisson Hotels & Reso

21/11/2009 11:16 (05:48 minutes ago)

The FINANCIAL -- Carlson Hotels Worldwide on November 20 announced the appointment of Michael Hutchins to the position of vice president of development for Radisson Hotels & Resorts for the Eastern United States and Canada. Radisson is the flagship, full-service brand for the hotel division.

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Oil&Auto
All-new Kia Soul awarded 2010 'Top Safety Pick' by Insurance Institute for Highway Safety in the U.S

21/11/2009 13:01 (04:03 minutes ago)

The FINANCIAL -- Further exemplifying its exceptional quality and safety, the 2010 Kia Soul has yet again been recognized by the Insurance Institute for Highway Safety (IIHS) in the U.S. and been given a 2010 'Top Safety Pick' award for the second consecutive time this year in the Small Car category.

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INSURANCE
ING restructuring plan approved by European Commission

19/11/2009 12:39 (2 Day 04:25 minutes ago)

The FINANCIAL -- ING announced on November 18 that the European Commission has formally approved the restructuring plan submitted by ING .

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