Pontesi

[MrFacts]

5 Local banks merge together to cope with the competition that brings foreign banks into Pontesi.
July 5667

After the istalian bank CSM Bank and Egelion Villar y Zepeda bank moved into Pontesi who where already competing with Smallovsky Capital, is a positive footnote for the Pontesian economy, but had a negative impact for local banks who dont have the capital and or resources, such huge banks bring along. 5 local banks have found common ground and decided that if they want to compete, it has to be together and as such they decided to merge into Nor Ughin Bank.

5 local banks are Arevuni Bank located in Mamlakert, Vardanyan Kredit in K'ary, Masrik bank in Arevelyan, Selukarta bank in Levan and Bank Navasart in Folmakert have merged into Nor Ughin. The challenge they face is to compete with the istalian, Yeudi and Egelion bank, focusing on inviduals and companies with loans and insurances. The banks headoffice will be located in Khursalavan and newly appointed CEO Samvell Arzemanian gave a speech at the opening and reveal of Nor Ughin.

I welcome all here today to this brand new day for Pontesian banking. We have been run over by international banks, wich understandably came to Pontesi, with Smallovsky Capital already being here for years, and now joining them in the Pontesian market is CSM bank of Istalia and Egelion Villar y Zepeda. Smaller banks like ours where having it hard to compete with that amount of capital and resources they bring in, as they also gave loans and services to inviduals, we needed to become innovative to compete against sugh big players. That is why we came together and decided that we needed to fuse, as together we are strong and Nor Ughin will compete with those banks, invest in local initiatives and companies, but also give loans for houses, cars, personal loans, etc... We will thrive and prosper and togethher we will provail, that is my believe!

A new university focused on courses for the defense industries, while also being a military school. A military drill in Grekaladzor, practicing to use the mountains in a Pontesian Advantage.

 After the investments in a new district for defense industries, the administration decided that it is also time for a university that will work together with those companies, from Software engeneering, robotics, vehicle techniks to Mechanics, it also will give courses like Economics, creative courses and sciences. Also a military academia will be build next to it, that will focus on strategists and officers for the army and navy.

Teghakan Universitet Azgayin will be the name of the university and Azgayin Strateghiakan Akademia will be the military academy. It is being build in Mamlakert and will finish around 5670. A big boost for the defense industry to perfectionise the production and quality of goods. Also is the governement making incentives and programs to highlight the importances of the university. I will cooperate wils schools, companies and offer scolarships, mentorprograms and give a program where students will get internships with companies. A way to find the talent that is needed for the companies.

The Pontesian Military has launched a large scale excersise this weak in the mountainous region of Grekaladzor, aimed at enhancing the operational capabilities of troops in difficult terrain. The excercise has been named operation Iron Peak and is focused on training troops in advanced manouvres and mountain patrols, while also being able to coordinate between the differant troops like infantery, armored vehicles and the Taraveri. They are using multiple scenario's and how to respond to them, from securing high points to executing flanking manouvres, simulating situations the army could potentially encounter. The name operation Iron Peak was ispired by the rugged mountainous terrain reflects the strategic importance of elevated positions in military operations. The Minister of Defense Yonah Sargsyan assures that the excercise has been coinducted to all safety regulations and international standards,aiming to increase readyness, while ensuring the security of the region.

Mamluk

Eldrin Mirkelian opens a new atelier Qelmar Solvarin where he uses old Yeudi and Selucian diamant-cutting techniques. His Craftmanship has sparkled the curiosity of visitors and collectors across the city