More opportunities for Georgia through science and innovation
GLOBALink | B&R tunnel builders chasing dreams in Georgia
Under the Belt and Road cooperation, the Kvesheti-Kobi Road Tunnel Project is a vital part of the North-South Corridor in Georgia, which can eradicate winter traffic interruptions of Georgia's northern mountainous regions after completion. Builders from different countries are chasing their dreams in the project.
Produced by Xinhua Global Service
Applications open in Georgia for Visa Everywhere Initiative, a global innovation competition for fintech startups
- Visa Everywhere Initiative tasks startups with solving today’s most pressing payments and commerce challenges, with monetary prizes, global exposure, and validation from one of the world’s most trusted brands
Georgia, 20 April 2023: Applications are now open in Georgia for the 2023 edition of the Visa Everywhere Initiative (VEI), a global open innovation competition that sees startups pitch their innovative solutions to solve tomorrow’s payment and commerce challenges.
In addition to monetary prizes, VEI winners gain access and exposure to Visa’s vast networks of partners in the banking, merchant, VC, and government sectors. The winners also benefit from receiving recognition from one of the world’s most trusted and valuable brands.
The Central and Eastern Europe, Middle East and Africa (CEMEA) finals will be livestreamed on July 27 on TechCrunch – a leading online publisher focused on the tech industry and the startup ecosystem. The startup that wins at the CEMEA Regionals will participate in the global finale, which will be held on September 19 at TechCrunch Disrupt in San Francisco.
This year, Visa's VEI CEMEA is set to introduce for the first time an award in the Risk and Security domain - Fintechs Innovating in Risk Excellence, or ‘FIIRE’, Award. Through this Special Edition, Visa in partnership with Emirates NBD are scouting for global Fintech players across fraud management, cybersecurity, and credit risk, among others. Following a joint review by Visa and Emirates NBD representatives, the winning Fintech will receive a $25,000 prize and an opportunity to work with Emirates NBD, a leading bank in the region.
“The Visa Everywhere Initiative is a platform that empowers fintechs and entrepreneurs to showcase the most ground-breaking, impactful solutions in the world of payments and commerce,” said Diana Kiguradze, Visa Regional Manager for the Caucasus “Through their technology-driven, innovative solutions, fintechs have the potential to offer broad social benefits to the markets they operate in – particularly when it comes to providing financial services to those who have traditionally been underserved. At Visa, we believe access to the digital economy drives equitable, inclusive growth, and VEI is an important means of supporting the innovators playing a leading role in this space.”
Since its launch in 2015, VEI has helped startups representing more than 100 countries collectively raise more than $16 billion USD in funding, with a network that includes nearly 12,000 startups from across the globe. Last year, VEI awarded more than $530,000 USD in prize money over the course of the competition, which saw over 4,000 startups participate from five regions. VEI 2022 saw Nigeria’s ThriveAgric take home the VEI Global grand prize of $100,000 USD. ThriveAgric also won the $20,000 USD Visa Direct prize. In 2021, PAYZE of Georgia became the winner for the CEMEA region, for representing the best innovative payment and commerce solutions to solve the payment challenges of tomorrow.
VEI is seeking innovative and ambitious entrepreneurs who are uplifting communities by solving payment and commerce challenges faced by businesses of all sizes and sectors, including:
What we are looking for
Enablers of digital services and digital issuers
- Blockchain and cryptocurrency
- BIN sponsors
- Program managers
- Blockchain and cryptocurrency
- Alternative lending
- Personal financial management
- Money transfer and remittance
- Digital banking (aka neo banks)
- Digital wallets, peer-to-peer (P2P) and transfers
- Employee benefits
- Corporate cards (aka expense management)
Value-add for merchants and/or consumers in the finance space
- Data and analytics
- ID, authentication and security
- Merchant services and tools
- Process and payment infrastructure
- Retail technology
Small- and medium-sized business recovery
- Money movement (disbursements, Intra-account, P2P vendor and payments)
- Acceptance (e-commerce and mobile acceptance)
- Risk management (chargebacks, etc.)
- Brand management (Community building, etc.)
New categories for 2023:
- Sustainable fintechs
- Urban mobility
This year’s prizes
- VEI CEMEA Regionals 1st place: $20,000
- VEI CEMEA Regionals Audience Favorites: $10,000
- VEI CEMEA Regionals Risk Winner: $25,000
Global Finals awards and cash prizes
- VEI Global Overall Winner: $50,000 USD
- VEI Global Audience Favorite: $10,000 USD
- VEI Global – Visa Direct: $10,000 USD
- Additionally, all 5 finalists will be able to exhibit their companies at the TechCrunch Disrupt in a branded pavilion in the Expo Hall.
The overall winner and the Visa Direct winner are also eligible to win the Audience Favorite prize.
The application deadline for VEI Georgia is May 14th.
For more information about VEI, please visit our website.
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
EBRD opens information technology hubs in Georgia and AzerbaijanDelighted to have launched IT Hubs in Azerbaijan and Georgia, where we are now supporting the training of 280 students for their future employment with international ICT companies.The programme will boost the regional development, supporting the youth, and in case of Georgia, internally displaced persons and refugees from Ukraine.For Azerbaijan, this is the first project to be funded through a bilateral donor agreement between the Bank and the Government of Azerbaijan.We are implementing this project in partnership with Georgia’s Innovation and Technology Agency and the Centre for Coordination and Analysis of the Fourth Industrial Revolution Azerbaijan.
Georgia should ensure effective implementation of the anti-discrimination legislation and improve protection of human rights in the fields of labour and the environment
Strasbourg, 15 July 2022 - The Council of Europe Commissioner for Human Rights, Dunja Mijatović, published today the report following her visit to Georgia in February 2022, with recommendations on combating discrimination against LGBTI people and those belonging to religious minorities, as well as protecting human rights in the fields of labour and the environment.
To ensure that LGBTI people and persons belonging to religious minorities live free from violence and discrimination, the Commissioner calls on the authorities to address the inadequate implementation of legal standards and the persistent deficiencies in combating impunity for hate crimes and incitement to violence, and to remove the discriminatory barriers to the enjoyment of their rights.
The Commissioner notes that LGBTI people remain affected by instances of hate crime and pervasive discrimination in Georgia. She calls on the authorities to step up efforts to combat impunity for human rights violations against them and stresses that raising awareness among the public and training relevant categories of professionals on the importance of their role in promoting equality, dignity and non-discrimination should be a priority. She adds that hate speech against LGBTI people in the public sphere is an issue of concern and that an appropriate response to hate speech, including when voiced by officials, religious and community leaders and media professionals, is needed through an effective use of law enforcement channels and other mechanisms, such as prevention, monitoring, self-regulation, and counter-speech. In light of repeated occurrence of LGBTI people having been denied their right to peaceful assembly, the Commissioner stresses that authorities should adopt comprehensive measures enabling LGBTI people to freely express their views and assemble. Regarding transgender people, the authorities should facilitate legal gender recognition without invasive medical requirements and in a quick, transparent, and accessible manner.
As regards religious minorities, the Commissioner urges the authorities to ensure effective investigation, prosecution, and dissuasive and proportionate sanctioning for hate crimes committed on the grounds of religion and to remove discriminatory barriers in accessing places of worship and in regulating tax and religious property matters. “An open dialogue with all religious communities should be established”, she stated. To support this dialogue, she underlines the need for a meaningful partnership between competent authorities and religious denominations, for changes to the relevant regulations and for continuous training and awareness raising activities targeting officials and the general public. In addition, the Commissioner notes that the authorities should pursue their efforts in eliminating religious biases and stereotyping from school textbooks.
Noting that a decade of deregulation and the abolishment of the labour Inspectorate in 2006 led to a significant deterioration in the protection of labour rights in Georgia, the Commissioner welcomes the recent comprehensive legal and institutional reforms and urges the authorities to close the remaining legislative gaps by establishing a minimum wage compliant with international standards, by ensuring equal access to parental leave, and by developing clear guidelines on the duration and compensation for overtime work. “It is now important to ensure a full implementation of the labour standards, including the anti-discrimination provisions”, she stated. To this end, it is crucial to provide the Labour Inspectorate with sufficient and adequately trained human resources and an appropriate budget. While welcoming recent progress in the reduction of workplace accidents, the Commissioner calls on the authorities to further improve occupational safety at the workplace. She also recommends promoting and supporting diversity and equality at work, including with regard to the integration of persons with disabilities. The Commissioner further recommends that the authorities address the gender pay gap and gender stereotypes in employment, to continuously raise awareness about sexual harassment, ways to report it and available remedies, as well as to take resolute action to address child labour and prevent and combat child trafficking.
As regards human rights and the environment, the Commissioner calls on the authorities to strengthen the implementation of the existing national legal framework, to guarantee public access to information and meaningful and transparent public participation in environmental decision-making processes at various levels of government, as well as to improve air quality and the tracking of air pollution. They should also develop and implement preventive measures to reduce the risk of environmental disasters and to ensure protection of the rights of people displaced by such disasters or owing to climate change. The authorities should also provide a safe and enabling environment for environmental human rights defenders and activists and support their work
- Read the Commissioner's report following her visit to Georgia in February 2022
- Read the comments of the authorities of Georgia on the report
- Watch the report in a nutshell
The Statement of the Ministry of Foreign Affairs of Georgia on the so-called presidential elections in the occupied Tskhinvali region
The Ministry of Foreign Affairs of Georgia refers to the so-called second tour of presidential elections held on 8 May 2022 in Tskhinvali region occupied by the Russian Federation and condemns this illegal action that contradicts the fundamental principles and norms of international law and blatantly violates Georgia’s sovereignty and territorial integrity within its internationally recognized borders.
Under the Russian occupation and effective control any so-called elections will not have legal consequences, in the circumstance when hundreds of thousands of IDPs and refugees expelled from their homes as a result of ethnic cleansing of Georgians in Abkhazia and Tskhinvali regions are still hampered to safe and dignified return home, and fundamental rights and freedoms of people on the ground are blatantly violated. Effective control of the Russian Federation over Georgia’s occupied regions and its responsibility for the violations of human rights on the ground are clearly attested in the Judgment of the European Court of Human Rights of 21 January, 2021.
The Ministry of Foreign Affairs of Georgia calls on the Russian Federation to respect Georgia’s sovereignty and territorial integrity and implement its international obligations, inter alia the EU-mediated 12 August 2008 Ceasefire Agreement.
The Ministry of Foreign Affairs of Georgia appeals to the international community to duly assess and react on the actions directed against sovereignty and territorial integrity of Georgia.
MFA of Georgia