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Daily Archives: October 24, 2016

Azerbaijan’s PASHA Bank Reveals Profit Forecast for 2016

Azerbaijan’s PASHA Bank OJSC expects profit in the amount of 40 million manats on the results of 2016, said Chairman of the bank’s Executive Board Taleh Kazimov Oct. 18 at a press conference in Baku. Kazimov noted that the bank’s profit amounted to 24.4 million manats in 1H2016, which is …

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German Deutsche Bahn to Launch Cargo Transit via Georgian Corridor


Deutsche Bahn will launch cargo transit via Georgian corridor. The first test train of 41 containers will pass South-West route in late November, the Trend.az news portal reports based on meeting between representatives of Georgian and Azerbaijani railway companies and Deutsche Bahn executive director. The train will be off from Romania, …

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Georgian Plans for Western-style Waste Management Look Iffy

In its new municipal waste management strategy passed in April, Georgia set ambitious targets for its recycling and waste treatment. Having inherited a Soviet legacy of non-sanitary dumping sites, this small Caucasian country is now seeking to align its waste management practices – as well as its overall legislation – with …

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What Georgia should Expect from Membership in European Energy Community


Last week Sarajevo, the capital city of Bosnia-Herzogovina hosted a ministerial of European Energy Community member countries. At the Ministerial, Minister of Energy of Georgia Ilia Eloshvili signed a protocol on Georgia’s engagement in the Energy Community foundation agreement. Engagement protocol comprises several EU instructions and regulations which Georgia becomes …

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Stronger Collaboration For Greater Energy Access in Asia Pacific


The emergence of new ideas, technological advancements and innovative market-driven financing solutions has lent confidence to the idea that universal access to energy services is attainable. This is particularly good news in the Asia and the Pacific region, where, despite making significant contributions to global growth and poverty reduction since …

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Erroneous Panics around GEL


It is Fraudulent Statement as if GEL Depreciation Brings Negative Outcomes and Appreciation Yields Positive Results Currency Exchange Rate Must Be Stable. The last period has actualized the GEL exchange rate issue again. The Georgian national currency rate against USD has not changed considerably, but our society has demonstrated certain …

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