“Your government is the worst government that Georgia has seen in decades”, Fady Asly to Georgia’s PM

12 mins read

Mr. Prime Minister, Watching the appalling state of affairs in Georgia and contemplating the country’s very grim perspectives, I felt compelled to write to you in all honesty; I owe it to you, I owe it to the Georgian people, but most importantly I owe it to my own conscience.…

Scope revises Georgia’s Outlook to Stable from Negative, affirms ratings at BB

16 mins read

The FINANCIAL – Scope Ratings GmbH (Scope) has today affirmed Georgia’s long-term issuer and senior unsecured debt ratings at BB in both local and foreign currency and revised the Outlooks to Stable from Negative. The short- term issuer ratings have been affirmed at S-3 in local and foreign currency, with Outlooks maintained at Stable.…

Majority of public believes high-level corruption is common in Georgia

4 mins read

A large part of the population of Georgia believes that high-level corruption – cases of corruption involving high-ranking officials – is common in the country. At the same time, the population seldom encounters petty corruption in their daily life. Such are the results of a telephone-based public opinion survey that was commissioned by TI Georgia…

Live

EBRD provided €25 million to Bank of Georgia to make private sector greener

3 mins read

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing fresh funding to support the green transition of micro, small and medium-sized enterprises (MSMEs) in Georgia. The EBRD is extending a €25 million loan to Bank of Georgia for on-lending to local companies, with a special focus on investment in…

The U.S. Should Do More to Help Georgia Counter Russian Aggression | Opinion

6 mins read

The recent Russian cyberattacks against the U.S. are a stark reminder to Americans that aggressive provocations are an essential component of the Vladimir Putin playbook, designed to inflict severe harm. In Ukraine, Russia continues its relentless aggression, using its military as a blunt instrument of Putin’s power. In my country of Georgia, we are still…

Bank of Georgia receives Excellence recognition for the second time in two months

3 mins read

Being a household brand in the banking sector, Bank of Georgia continues to forge a successful year, having received an Excellence award for the second time in the last two months. The authoritative financial magazine Euromoney and the international edition Global Banking & Finance Review named Bank of Georgia winner of the “Euromoney Award for…

EBRD and EU help Georgian book distribution company to go solar

4 mins read

On the outskirts of Tbilisi, Georgia’s capital city, thousands of books are crammed into a huge warehouse. From classical prose to mystery thrillers, romance novels to poetry collections, there is something here for even the most discerning reader. Bookland lives up to its name.…

Minority Communities Suffer More From Extreme Heat in U.S.

8 mins read

Low-income neighborhoods and communities with higher Black, Hispanic and Asian populations experience significantly more urban heat than wealthier and predominantly white neighborhoods within a vast majority of populous U.S. counties, according new research from the University of California San Diego’s School of Global Policy and Strategy.…

World Bank Group Increases Support for Climate Action in Developing Countries

4 mins read

The FINANCIAL —  The World Bank Group today announced its new Climate Change Action Plan that aims to deliver record levels of climate finance to developing countries, reduce emissions, strengthen adaptation, and align financial flows with the goals of the Paris Agreement. The Action Plan for 2021-25 broadens World Bank Group efforts from investing in…

London
Photo by Sandro Cenni, Unsplush

UK entertainment and media industry forecast to return to growth and be the biggest market in Western Europe by 2025 – PwC

6 mins read

The FINANCIAL — Total UK advertising spend to grow at 7% p.a. over the next 5 years as it recovers from the pandemic disruption. Total UK consumer spending on Entertainment & Media to grow at 5% p.a. over the next 5 years, driven by continued digital downloads, access and consumption…

Giant Comet Found in Outer Solar System

10 mins read

The FINANCIAL -- The discovery of the comet estimated to 100-200 kilometers across was made by Penn researchers following a comprehensive search of data from the Dark Energy Survey. Comet Bernardinelli-Bernstein is the most distant comet ever discovered and possibly the largest seen in modern times.…

How green mining could pave the way to net zero and provide the metals we need for a sustainable future

7 mins read

The FINANCIAL -- Scientists at the University of Oxford demonstrate how it is possible to directly extract valuable metals from hot salty fluids (‘brines’) trapped in porous rocks at depths of around 2km below dormant volcanoes. They propose this radical green-mining approach to provide essential metals for a net zero future – copper, gold,…

New Source of Gravitational Waves Discovered

9 mins read

The FINANCIAL -- For the first time, scientists have picked up the ripples in space-time caused by the death spiral of two celestial juggernauts, a neutron star and black hole, UKRI notes. Scientists picked up the reverberations from these two objects using a global network of gravitational wave detectors, the most sensitive scientific instruments ever built.…

13 entries added to the Belarus regime

21 mins read

The FINANCIAL -- 11 individuals and 2 entities have been added to the Belarus financial sanctions regime.…

Nature-Based Solutions Highly Effective in Long Term

4 mins read

The FINANCIAL -- Nature-based solutions (NbS) can contribute to the fight against climate change up to the end of our century, according to new Oxford research in the leading scientific journal Nature. The analysis suggests that, to limit global temperature rise, we must slash emissions and increase NbS investment to protect, manage and restore ecosystems and…