NEW YORK STOCK EXCHANGE SHOWS INTEREST IN GEORGIAN RAILWAYS
28 October, 2010
NEW YORK STOCK EXCHANGE SHOWS  INTEREST IN GEORGIAN RAILWAYS

New York Stock Exchange has shown Interest in Georgian Railways. A state-owned company Georgian Railways successfully sold its securities at the Stock Exchange some months ago.


However, recent rapid growth in economy of Georgia helped raise the investors’ interest in the company, which expressed desire to sell loan securities of Georgian Railways.
The Management of Georgian Railways is currently visiting New York for a week.

* Marking its 65th anniversary, the United Nations has reaffirmed its commitment to promote peace,

development and human rights, pledging to enhance action to achieve its global mission.
UN Day is commemorated every year on 24 October, the day in 1945 when the UN Charter entered into force.
Secretary-General Ban Ki-moon says the Day is an occasion to reassert the ‘universal values of tolerance, mutual respect and human dignity,’ as well as progress made jointly in the areas of literacy, life expectancy, spread of technology and advances in democracy and rule of law.
Mr. Ban also calls for sustained efforts to achieve the Millennium Development Goals (MDGs), the set of poverty reduction and social development targets with a 2015 deadline.

* France’s shipbuilder DCNS announced last Tuesday that it is ready to deliver Mistral class helicopter carriers to Russia with built-in domestic navigation technology. The technology is French-made, a spokesman for the French Navy, Hugues du Plessis d’Argentre, said.
Russia and France are currently in talks on a so-called 2+2 scheme, whereby Russia will buy one or two French-built Mistrals and build another two at home. The contract is expected to be inked before the year-end.
The Mistral class ship is capable of transporting and deploying 16 helicopters, four landing barges, up to 70 armored vehicles including 13 battle tanks, and 450 personnel.

* Russia is an occupant, but it is still necessary to begin negotiations with it, Georgian President Mikheil Saakashvili told TV 5 Monde while visiting Montreux, Switzerland. ‘We are ready to negotiate without any preconditions. We are pragmatic and understand well and fully that having Russia as an enemy is very dangerous. Changing the current state of affairs is mandatory. The EU has recognized the fact that Russia has wrongfully invaded Georgian territories; IDPs should return to their homes’, Saakashvili said.

* De-facto leader of Tskhinvali regime, Eduard Kokoity calls on refugees from Akhalgori to return to their homes.
Kokoity declared about it on the meeting in Vladikavkaz, which was attended by intentionally displaced persons from Akhalgori region in 1989-2008.
‘We work actively to revive economy and social infrastructure of our country,’ Kokoity said.
So called President stated that Tskhinvali government plans to turn this region into the zone of economic well-being.
Kokoity said that Akhalgori region is very important for so called South Ossetia and they are not going to give up Leningor region after 20 years of ‘occupation’.
He informed that in 2011, 50 million Rubles will be allotted to rehabilitate Akhalgori region and develop its infrastructure.

* Georgia ranks 68th among 178 countries in Transparency International’s Corruption Perceptions Index (CPI) 2010, a data on domestic public sector corruption released on October 26, 2010. Georgia’s score is 3.8 on a scale of 10 (very clean) to 0 (highly corrupt). In the CPI 2009, Georgia came in 66th, with a score of 4.1. However, the decline in Georgia’s score compared to 2009 is not substantial.
The CPI shows that Georgia has lower levels of perceived corruption than its neighbors, with the exception of Turkey (56th, with a score of 4.4): Armenia ranks 123rd with a score of 2.6, Azerbaijan ranks 134th (2.4) and Russia is 154th (2.1) in the global ranking.
The countries scoring highest in this year’s ranking are Denmark, New Zealand and Singapore (with a score of 9.3), Finland and Sweden (9.2), followed by Canada (8.9), the Netherlands (8.8), Australia, Switzerland (both 8.7) and Norway (8.6). At the bottom of the ranking is Somalia, with a score of 1.1, slightly lagging below Myanmar and Afghanistan (1.4), followed by Iraq (1.5).
The CPI is compiled and released by Transparency International’s Head Office in Berlin and is based on surveys conducted by international organizations and consultancy firms. Due to the changes in CPI’s methodology over time and the fact that the index is based on a changing set of source surveys, the CPI is not an appropriate tool for comparisons of a country’s performance over time but provides a good snapshot of perceived corruption throughout the world.

* The USA will maintain the status of the most powerful country in the nearest decades, US President Barrack Obama told National Journal. According to Obama, when there are problems the world still relies on the USA despite the harsh criticism of Washington. ‘It’s hard to imagine that any country will catch up with the USA in the nearest decades and take responsibility for the developments in the world’, Obama said. According to Obama, despite the quick development of China, 700 million people still remain at the edge of poverty there. ‘Despite the economic crisis, which became a catalyst for criticism throughout the world, the US is still regarded a leader in the international arena’, Obama said. At the end of the interview the US President listed the main challenges for him: not to allow terrorists to acquire weapons of mass destruction, and eradicate terrorist networks in Afghanistan and Pakistan.

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