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The FINANCIAL -- Luxury consumers across Europe plan to spend over €9,000 (US $11,190) on gifts during the festive period, according to the inaugural Luxury consumption among European high earners 2014 report published today by Deloitte Touche Tohmatsu Limited (DTTL). They will spend an average of €4,400 (US$5,470) on others and €4,700 (US$5,840) on ...

The FINANCIAL -- With USD 13 million, one of the leading Azerbaijani investment groups - Gemikaya Holding - has brought the hotel Divan Suites Batumi to the Georgian market. Batumi will become the ...

The FINANCIAL -- Due to increased construction activities in Georgia, in particular in Tbilisi, Bosch has decided to start operation of a new warehouse in Georgia. The new 1,600 sq.m Bosch warehouse ...

The FINANCIAL -- The EBRD is making a loan of up to €145 million to finance the modernisation of railway infrastructure in FYR Macedonia and to strengthen the country’s regional transport ...

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