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Daily Archives: December 18, 2014

Vlafimir Putin: Economy will Rebound within Two Years


Vladimir Putin said that Russia’s economy would recover within two years. He did not identify concrete measures but referred to the world’s need for energy increasing again as the global economy recovered and diversification of the economy in the interim. He blamed “external factors” for problems with the economy and …

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Competition Agency Studying Georgian Fuel Market


Representatives of oil companies respond to the allegations that they overestimate prices and do not reduce them despite a drop in oil price in the global markets for  nearly  six months. In addition, Prime Minister of Georgia Irakli Garibashvili ordered the Competition Authority to examine this issue. Deputy General Director …

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European Parliament Ratifies Association Agreement Between Georgia, EU


The European Parliament ratified the association agreement between Georgia and the EU at its meeting in Strasbourg December 18. The fateful session was attended by President of Georgia Giorgi Margvelashvili, Foreign Minister Tamar Beruchashvili, Chairman of the Committee on  European  Integration Viktor Dolidze, Chairman of the Foreign Relations Committee  Tedo …

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Central bank averts lira’s freefall, for now


The Turkish lira recovered on Wednesday after the central bank reassured the market that monetary tightening would continue until inflation improves, but experts said on Wednesday that pressure on the lira will remain amid the prospect of a rate hike in the United States.

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Authorities to Limit an Impact of Gambling on Minors

Ruletka - Kasyno - Hazard

The Parliament of Georgia intends to develop a law limiting the impact of gambling on minors. Of 100 respondents 67 teenagers say  they use casino and  totalizator services  – both on line and real – these are the conclusions made   by the non-governmental organization “Man, Law , Freedom”. According to …

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Georgian National Bank leaves monetary policy rate unchanged


The monetary policy committee of the Georgian National Bank decided on December 17 to leave the refinancing rate unchanged. The monetary policy rate is 4 percent. The economic trends have recently deteriorated with the countries – major trading partners. This affects the Georgian economy, the National Bank told Trend. A …

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New study reveals 84% of vegetarians return to meat


The first study on eating habits of vegetarians in the US has shown that those who gave up meat for health reasons alone were much more likely to abandon their meat-free diets than those who became vegetarians for a variety of health, animal welfare and environmental reasons. A new study …

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Peru Is Indignant After Greenpeace Makes Its Mark on Ancient Site

greenpeace peru

An expression of concern by the environmental group Greenpeace about the carbon footprint was marred this week by real footprints — in a fragile, and restricted, landscape near the Nazca lines, ancient man-made designs etched in the Peruvian desert. The Peruvian authorities said activists from the group damaged a patch …

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Prime Minister Speak out against Fuel Prices on Georgian Market


Prime Minister demands that the Competition Agency give an answer to the question in 10 days “why the world prices are not adequate to gasoline prices   in the Georgia market”. Prime Minister announced this at the Cabinet Meeting today. “I instructed the Competition Agency to work on this issue and held …

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