Bank of Georgia Group PLC (“BOGG”) has officially announced its plan to acquire 100% of Ameriabank CJSC, a leading Armenian bank, for approximately $303.6 million. This strategic move is poised to significantly bolster BOGG’s footprint and growth prospects in the fast-evolving and promising Armenian market. The acquisition, subject to shareholder and regulatory approvals, marks a […]
In a strategic move poised to revolutionize Armenia’s telecommunications landscape, Nokia has been chosen by Ucom to enhance its nationwide radio access network (RAN), setting a solid foundation for the future introduction of 5G services. This ambitious project also encompasses a comprehensive upgrade of Ucom’s core and IP network infrastructure, promising to significantly improve mobile […]
Picsart, a San Francisco-based digital creation platform, has agreed to acquire DeepCraft, an Armenian computer vision and artificial intelligence (AI) company, for an undisclosed price. According to Picsart, the advancement of the Creator Economy has raised the demand for accessible video editing tools on its platform, with over 100 million videos edited in 2021, which […]