Items filtered by date: Friday, 04 November 2022 - NEWSDAY GEORGIA

The European Union has urged the Georgian authorities to ensure the highest legal standards in cases against media owners.

Reacting to the Tbilisi Court of Appeal decision to uphold charges against Nika Gvaramia, Director General of one of the TV channels in Georgia, including the sentence of 3 years and 6 months’ imprisonment, the EU said that it has been monitoring this case closely.

“The European Union does not comment on the merits of individual Court cases, but we note once again that questions have been raised, including by the Public Defender, in relation to this case,” says a press release by the European Union External Action Service.

The press release also reminds that the European Union remains committed to supporting Georgia in addressing all 12 priorities in order to live up to the European aspirations of its citizens.

In this respect, the EU recalls that “stronger efforts to guarantee a free, professional, pluralistic and independent media environment, notably by ensuring that criminal procedures brought against media owners fulfil the highest legal standards” represent one of the priorities identified by the European Commission.

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Press release

Published in Society

BEIJING, Nov. 4 (Xinhua) -- China's space station lab module Mengtian successfully completed in-orbit transposition at 9:32 a.m. (Beijing Time) Thursday, according to the China Manned Space Agency.

This transposition marked the formation of the space station's basic T-shape configuration, representing a key step toward the completion of China's space station, said the agency.

The Mengtian lab module first completed its state setting and then separated from the space station combination. Mengtian next conducted transposition and docked at the side port of the Tianhe core module's node cabin.

Produced by Xinhua Global Service

Published in CHINA

November 4, 2022, 10:15am, HotelPullmanTbilisi – the USAID Economic Security Program and Visa signed a memorandum of understanding for starting a new partnership aiming at supporting the strengthening of small and medium-sized businesses and the digitization of their activities, inclusive economic growth and extension of digital capabilities and access for citizens.

As part of the framework of cooperation, the USAID Economic Security Program and Visa will develop and implement joint programs that will focus on digital transformation, enhancement of digital literacy with specific focus on micro and small entrepreneurs, as well as on the economic empowerment of women and the integration of vulnerable groups.

We are delighted to launch cooperation between the USAID Economic Security Program and Visa to facilitate the strengthening and development of the country’s digital economy. Visa has global and long-standing experience in the digitalization of the economy, economic empowerment of women and support of financial technology and E-Commerce, all of which are also core values of USAID. The partnership will enable Georgian companies to implement smart digital solutions to achieve development goals and connect with the international market,” Mark McCord, Chief of Party of the USAID Economic Security Program said.

Today we are taking the partnership between Visa and the USAID Economic Security Program to a new level, to drive Georgia to the digital future. The expertise of both Visa and USAID Program will enable us to facilitate the digitalization of the country’s economy. For years Visa has been actively cooperating with the Government of Georgia, banks, financial institutions and donor organizations to assist the country’s advancement in terms of contactless penetrations worldwide. Strong multicultural organizations such as Visa and USAID play significant roles in bringing communities together and making progress, so I truly believe that our cooperation with USAID will contributes to Georgia’s economic advancement and bring value in coordination to your beautiful country, Georgia,“ Salvador Perez-Galindo, Senior Vice President, Head of Government Engagement for Visa CEMEA stated.

We at Visa are extremely honoured to sign Memorandum of Understanding with USAID Economic Security Program and are looking forward to our fruitful collaboration in various fields. The document envisages four strategic directions, namely women entrepreneurs’ economic empowerment, SME development and digitalization, FinTech and E-Commerce. I truly believe that the deepened partnership would enable us to further support and achieve a long-term positive effect of our mutual work for society,” Diana Kiguradze, Visa Country Manager for the Caucasus region said.

The partnership between the USAID Economic Security Program and Visa will facilitate the extension of E-Commerce, financial inclusion and transactions, positioning Georgia as a regional hub and a safe place for investment.

About USAID

About USAID in Georgia: USAID is the world's premier international development agency and a catalytic actor driving development results. Over 30 years of partnership with Georgia, USAID has supported the country’s transformation into a developing democracy that is increasingly integrated into Western political, security, and economic institutions.  Today, more than 35 USAID programs strengthen Georgia's resilience to malign influence, consolidate democratic gains through enhanced citizen responsive governance, and enable high-value employment through increased economic growth.  For more information, please visit: https://www.usaid.gov/georgia

About the USAID Economic Security Program: a 5-year $23 million project funded by the United States Agency for International Development (USAID) and implemented by DAI Global. The program is aimed at accelerating the broad-based growth of sectors outside of agriculture that show strong potential to create jobs, generate investment, and increase micro, small, and medium enterprise (MSME) revenues. For more information, please visit: https://www.facebook.com/EconSecProgram

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.ge

Published in Society

The Parliament endorsed the Bill on Deoligarchization in I reading with 80 to 9 votes. The document has been elaborated in compliance with EC’s 12 recommendations proposed for Georgia.

The following matters are governed by the proposed law: The definition of the term "oligarch"; the issues of identifying someone as an oligarch and having them entered into the appropriate register; the issues of having someone removed from the register of oligarchs and the production of that register; the legal repercussions of doing so; the issues of certain people having to fill out declarations regarding their contact with the oligarch and their representative.

According to the document, an oligarch is a natural person who simultaneously satisfies at least three of the following conditions in order to have significant economic and political influence in public life: participates in political life; has a significant influence on mass media; is an ultimate beneficiary of the entrepreneurial legal entity, which occupies a dominant position in the market and which maintains or exercises this position for 1 year; the confirmed amount of his assets and those of entrepreneurial legal entities where he is a beneficiary, as of January 1 of the relevant year, exceeds 1,000,000 times the subsistence minimum established for able-bodied persons.

The Parliament of Georgia makes a decision on recognition of a person with significant economic and political weight in public life (oligarch).

Published in Politics

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