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Daily Archives: May 5, 2016

Georgian Student’s Invention Makes Final of Top US Program

Georgia’s Nikoloz Gachchiladze’s has reached the final of US State Department’s Global Innovation Through Science and Technology competition. A Georgian student’s innovative idea that encourages online learning in rural areas has been selected from about a thousand projects from budding entrepreneurs worldwide to move on to the final stage of …

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Female Genital Mutilation Banned In Nigeria

Nigeria

Nigeria made history by outlawing female genital mutilation. The ban falls under the Violence Against Persons (Prohibition) Act 2015 that was passed in Senate on May 5 and recently enacted into law. This was one of the last acts by the outgoing president, Goodluck Jonathan. His successor, Muhammadu Buhari, was sworn …

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GEL-denominated Deposits Rise by 42.5 million

Lari

Deposit liabilities in the bank system decreased by 347.8 million GEL (-2.4%) to 14.6 billion GEL because of declination in GEL indicators of foreign currency denominated deposits. As compared to the same period of 2015, the total portfolio has increased by 13.6% y/y. In the reporting period, GEL-denominated deposits increased …

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Georgia To Set up 35 million Financial Institution for Funding Startups

A new financial institution will start operation to finance startup businesses, Georgian Prime Minister Giorgi Kvirikashvili noted at today’s government meeting. Main principles of the financial institution operation will be approved at today’s government meeting, Kvirikashvili said. “I am pleased to update you on important novelty. This is one of …

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