Electronic Articles

You are browsing the archives of 2008 November.

US senate by 74 votes against 25 approved 700-billion-dollar stabilization package for financial market on Wednesday and in this way created a precondition for further approval at the House of Representatives.
The new bill that consists of 451 pages has the same title (Emergency Economic Stabilization Act of 2008) as the previous bill.
The bill was also [...]

“There is a rise in racist aspirations in Russia” states member of European Commission against Racism and Intolerance (ECRI) Michael Had. ECRI is a commission founded by Council of Europe in 1993 for monitoring racist and xenophobic issues in the member states. Had also stated that the public opinion towards ethnic minorities has significantly worsened [...]

Recent conflict in Georgia left much space for evaluation and analysis. These events turned out to be absolutely unexpected for western leaders. Russia’s step - invading into sovereign country, occupying parts of its territory and declaring there independence was something that western leaders thought could have happened in 19-20th centuries, but deemed unacceptable for world [...]

Parliament of Georgia adopted new legislative package initiated by the government of Georgia that includes 3 draft laws and 17 amendments to the functioning laws. The package aims to enhance competitivness and efficiency of the Georgian financial sector, facilitating rapid economic growth, attracting FDI, developing free market institutes, simplifying company registration and creating global financial [...]

Three months ago Georgia, acting through the Ministry of Finance of Georgia, has successfully completed its first international sovereign bond offering and has become the only CIS country to date to have its Eurobonds listed on the London Stock Exchange.
The offering of the US Dollar-denominated Eurobonds in the principal amount of US$500 million and with [...]

Operating in uncompetitive environment is very common for businesses in post-communist countries. Often such environment is encouraged by governments through imposition of tariffs, quotas or licenses. In this sense Georgia is not an exception. It is really rare to find any business that is operating in truly competitive and free environment.
However there is certain [...]