Economics
Georgian Law on “Global Competitiveness of the Financial Sector”
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 [...]
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Economics
Georgian Law on “Global Competitiveness of the Financial Sector”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 [...]
Politics
Senate Approved New Stabilization PlanUS 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 [...]
Society
Experts Report Rise of Xenophobic Aspirations in Russia“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 [...]