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Daily Archives: July 9, 2015

PM Initiates Idea to Establish Civil Servant Training Center

Prime Minister Irakli Gharibashvili has initiated the creation of a civil servant training center at today’s governmental meeting. According to the Prime Minister, the center will become operational after the law on Public Service takes effect. “Last week we endorsed the bill on Public Service and sent it to the parliament, …

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Bloomberg: The Israeli Shekel ‘World’s Worst Currency’

Bloomberg dubbed the Israeli shekel the ‘World’s Worst Currency’ after a roller-coaster week saw it climb 2.1% and, following an intervention by the Bank of Israel, drop .8%. The shekel had fallen to 3.7754 on the dollar, making it the most depreciated currency of the 30 major currencies tracked by Bloomberg …

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Greece Debt Crisis: Tsipras Promises Credible Reforms

Greek Prime Minister Alexis Tsipras has promised his government will submit credible reform proposals to its creditors on Thursday. Mr Tsipras was speaking during a fractious debate on the Greek debt crisis in the European Parliament. Greece is desperate for a third bailout to avoid bankruptcy and possibly crashing out of …

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The 10 Best Selling Books in Georgia

Georgian bookstores chain Biblus has just released its list of the 10 bestselling books in the country. The bookstore is already prepared  for the summer season, which according to its marketing department is the most active season for readers in Georgia. In this regard, the bookstore offers a discount of …

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Tbilisi To host First Asian Infrastructure Investment Bank Meeting

 Next month, Geogia’s capital will host  the first round of negotiations of the China-led Asian Infrastructure Investment Bank (AIIB). The AIIB is newly created bank that is expected to be established by the end of this year for the purpose of providing loans for infrastructure projects in developing countries in …

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Trading Resumes on NYSE After Nearly 4-hour Outage

The New York Stock Exchange was forced to suspend trading for several hours on Wednesday in the biggest outage to hit a U.S. financial market in nearly two years, unnerving investors already rattled by the meltdown in Chinese stocks and the Greek debt crisis. The exchange, a unit of Intercontinental …

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Genetically Modified Food Without Marks Will Be Destroyed

A new law came into force from July 1, 2015, all products that contain genetically modified components must have proper labels informing consumers and allowing them freedom of choice. The new law regulated the type of information that must be written on the label. Specifically, if genetically modified components are …

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New Special Manager Appointed at KazTransGas Tbilisi

The decision to appoint a new special manager at KazTransGas Tbilisi has been made in the Georgian National Water and Energy Regulatory Commission on Tuesday. Nino Turmanidze, the new special manager has been appointed in LLC KazTransGas Georgia. Prior to this, she has been working on the leading position of LLC …

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Georgian Mountains: 50 Shades of Green

As you are traveling around Georgia, you notice that each region has its own colour, or at least its own shade. From yellowish green of Gareji through moss green of Tusheti and forest green Imereti to emerald green of Megrelian subtropics – you will never see an identical colour and …

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Father Ilia Kartozia Awarded for Bravery in Italian Ferry Disaster

A Georgian priest who died while  helping people to get into lifeboats,  in the Adriatic Sea last year has been honoured posthumously by the International Maritime Organisation (IMO). Georgian priest demonstrated an example of civic heroism at the expense of his life, saving people on a burning ferry. Each year the …

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