http://www.empirics.org Set of Small Updates on Economic, Political, Societal and Technological Issues Fri, 14 Nov 2008 17:52:50 +0000 http://backend.userland.com/rss092 en 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 ... http://www.empirics.org/senate-approved-new-stabilization-plan/ "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 ... http://www.empirics.org/experts-report-rise-of-xenophobic-aspirations-in-russia/ 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, ... http://www.empirics.org/improper-signalling-and-georgian-crisis/ 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 ... http://www.empirics.org/georgian-law-on-global-competitiveness-of-the-financial-sector/ 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 ... http://www.empirics.org/500-million-dollar-eurobond-emission/ Offshore banking sector in Singapore operates in a specific manner. Banking sector is composed of two units: Domestic Banking Unit (DBU) and Asian Currency Unit (ACU). DBUs can make transactions only in Singapore Dollar, while ACUs are allowed to conduct operations in any currency except Singapore Dollar. This type of ... http://www.empirics.org/singapore-offshore-banking-sector-setting/ 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 ... http://www.empirics.org/taxi-in-tbilisi-a-heaven-of-perfect-competition/ Construction of Turkish part of Baku-Tbilisi-Kars Railway that is 76 kilometers long and will be constructed in Eastern Anatolia region will be officially launched today. President of Turkey Abdullah Gul, President of Azerbaijan Ilham Alliyev and President of Georgia Mikheil Saakashvili will be attending the opening ceremony. Agreement on building railway ... http://www.empirics.org/reconstruction-of-turkish-part-of-baku-tbilisi-kars-railway-starts-today/