News of the day
The US State Department recently published a report lauding the investment environment in Georgia, attributing its success to economic stability and progressive reforms undertaken by the nation.
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Space International, a subsidiary of TBC Group, has partnered with Thoughtwokrs, a global tech consulting company. This is the first project of Thoughtworks in the Caucasus and Central Asia region. Within the framework of the partnership, Thoughtworks will help the first Georgian international financial-technological company - Space International, in tech transformation, introduction of updated engineering culture and strengthening of technical architecture.
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The leather accessories company Gepherrini is performing with 23% growth in 2022.
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Other news
The Georgian Pension Agency has invested 150 million GEL in bonds issued by the European Bank for Reconstruction and Development (EBRD) under its Global Medium Term Bonds (GMTN) program. This five-year bond has a floating interest rate, aligning with the agency’s goal of enhancing portfolio quality and asset diversification.
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Georgian Prime Minister Irakli Kobakhidze congratulated Donald Trump on his "decisive victory" in the U.S. presidential election.
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U.S. President Joe Biden has promised to ensure a peaceful transfer of power to his successor, Donald Trump, who won the presidential election. "I will fulfill my duty as president. I will uphold my oath and abide by the Constitution. On January 20, here in America, there will be a peaceful transfer of power," Biden said in an address to the nation on Thursday, November 7.
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In terms of governance effectiveness, Georgia surpasses all EU candidates, 17 EU and NATO member states, and one G7 member state.
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