The EBRD is offering a financial package of US$ 65 million (€ 58 million) to ACWA Power UKS Green H2 for the development, design, construction and operation of the facility. This special purpose company is jointly owned by ACWA Power (an international developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants) and Uzkimyosanoat (UKS), a holding company of state-owned chemical enterprises in Uzbekistan.The package consists of a US$ 55 million (€ 49 million) senior loan provided by the EBRD as well as concessional finance of up to US$ 10 million (€ 9 million) from Canada under the Special Fund for the High Impact Partnership on Climate Action (HIPCA). The EBRD is also planning to provide an equity bridge loan of up to US$ 5.5 million (€ 4.9 million) for the project.“EBRD is proud to finance this landmark renewable hydrogen facility in Uzbekistan with our long-standing partner ACWA Power and their partner Uzkimyosanoat. This is the first of its kind across Central Asia, a region with some of the most carbon-intensive and hard-to-abate industries” said Nandita Parshad, EBRD Managing Director for the Sustainable Infrastructure Group, EBRD.The plant will be the second renewable hydrogen production project financed by the EBRD following the Bank’s support for a renewable hydrogen facility in Egypt in 2022.The project supported by the Japan-EBRD Cooperation fund, will help replace grey hydrogen, produced from natural gas and widely used in the production of ammonia fertiliser in Uzbekistan, with renewable hydrogen. The latter is recognised as a key alternative for decarbonising the fertiliser production sector.Once operational, the facility is expected to produce up to 3,000 tonnes of renewable hydrogen annually and to reduce annual CO2 emissions by around 22,000 tonnes.HIPCA is supported by Austria, Canada, Finland, the Netherlands, South Korea, Spain, Switzerland, the TaiwanICDF, the United Kingdom and the United States of America.Uzbekistan has been the leading recipient of EBRD funding in Central Asia for four years in a row. To date, the Bank has invested around €5.0 billion in 164 projects across the country, with most of those funds supporting private entrepreneurship.
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Georgia earned 3.5 points on a four-point evaluation system in the ranking, with the Index examining to what extent state authorities respect and protect the right of peaceful assembly.The country is ahead of a number of NATO and European Union member states, two states of the Group of Seven as well as the United States, the United Kingdom, Switzerland, Latvia, Romania, Poland, Hungary, Bulgaria, South Korea, Singapore and Turkey.The country has improved its position by 49 places since 2012.The Index comes from the organisation based at the Department of Political Science at the University of Gothenburg in Sweden.The project for the ranking is led by investigators, project managers, regional managers, over 134 coordinators and about 4,000 experts worldwide.
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There is a decrease of 30 million in April, compared to March. In total, there are 3 billion GEL transactions in 4 months (GEL 2.947 billion; +25%Y.Y).More than 90% of the volume of payments comes from non-cash payments. ATM withdrawals are equivalent to 255,565,000 GEL in foreign currency.Azerbaijan takes the lead in ATM withdrawals in the neighborhood – GEL 4.7 million. Belarus ranks the 2nd with 4.2 million GEL (equivalent in other currencies) and visitors from Georgia, using plastic cards of the Georgian Bank, have withdrawn up to 3 million GEL in Armenia. Up to 1 million GEL (GEL 0.988 million) has been cashed out on the territory of Ukraine.At the current official exchange rate, 1 Azerbaijani manat is AZN 1.69 GEL; 1 Belarusian ruble BYN /GEL 0.88; 10 Ukrainian hryvnia UAH/GEL 0.704; 1,000 Armenian dram AMD/GEL 7.4;
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Rome/New York/Geneva – Over 122 million more people are facing hunger in the world since 2019 due to the pandemic and repeated weather shocks and conflicts, including the war in Ukraine, according to the latest State of Food Security and Nutrition in the World (SOFI) report published today jointly by five United Nations specialized agencies.If trends remain as they are, the Sustainable Development Goal of ending hunger by 2030 will not be reached, the Food and Agriculture Organization of the United Nations (FAO), the International Fund for Agricultural Development (IFAD), the United Nations Children’s Fund (UNICEF), the World Health Organization (WHO) and the World Food Programme (WFP) warn. A wake-up call for the fight against hunger The 2023 edition of the report reveals that between 691 and 783 million people faced hunger in 2022, with a mid-range of 735 million. This represents an increase of 122 million people compared to 2019, before the COVID-19 pandemic. While global hunger numbers have stalled between 2021 and 2022, there are many places in the world facing deepening food crises. Progress in hunger reduction was observed in Asia and Latin America, but hunger was still on the rise in Western Asia, the Caribbean and throughout all subregions of Africa in 2022. Africa remains the worst-affected region with one in five people facing hunger on the continent, more than twice the global average. “There are rays of hope, some regions are on track to achieve some 2030 nutrition targets. But overall, we need an intense and immediate global effort to rescue the Sustainable Development Goals. We must build resilience against the crises and shocks that drive food insecurity-from conflict to climate, said UN Secretary-General António Guterres through a video message during the launch of the report at the UN Headquarters in New York. The heads of the five UN agencies, FAO Director-General QU Dongyu; IFAD President Alvaro Lario;UNICEF Executive Director Catherine Russell; WFP’s Executive Director Cindy McCain; and WHO Director General Dr. Tedros Adhanom Ghebreyesus write in the report’s Foreword: “No doubt, achieving the Sustainable Development Goal target of Zero Hunger by 2030 poses a daunting challenge. Indeed, it is projected that almost 600 million people will still be facing hunger in 2030. The major drivers of foodinsecurity and malnutrition are our “new normal”, and we have no option but to redouble our efforts to transform agrifood systems and leverage them towards reaching the Sustainable Development Goal 2 (SDG 2) targets.”Beyond hunger The food security and nutrition situation remained grim in 2022. The report finds that approximately29.6 percent of the global population, equivalent to 2.4 billion people, did not have constant access to food, as measured by the prevalence of moderate or severe food insecurity. Among them, around 900 million individuals faced severe food insecurity. Meanwhile, the capacity of people to access healthy diets has deteriorated across the world: more than3.1 billion people in the world – or 42 percent – were unable to afford a healthy diet in 2021. This represents an overall increase of 134 million people compared to 2019. Millions of children under five continue to suffer from malnutrition: in 2022, 148 million children under five years of age (22.3 percent) were stunted, 45 million (6.8 percent) were wasted, and 37 million (5.6 percent) were overweight. Progress has been seen in exclusive breastfeeding with 48 percent of infants under 6-months of age benefiting from this practice, close to the 2025 target. However, more concerted efforts will be required to meet the 2030 malnutrition targets. New evidence: Urbanization is driving changes in agrifood systems The report also looks at increased urbanization as a ‘megatrend’ affecting how and what people eat. With almost seven in ten people projected to live in cities by 2050, governments and others working to tackle hunger, food insecurity and malnutrition must seek to understand these urbanization trends and account for them in their policymaking. In particular, the simple rural and urban divide concept is no longer sufficient to understand the ways in which urbanization is shaping agrifood systems. A more complex rural-urban continuum perspective is needed considering both the degree of connectivity that people have and types of connections that exist between urban and rural areas. For the first time, this evolution is documented systematically across eleven countries. The reportillustrates that food purchases are significant not only among urban households but also across the rural- urban continuum, including those residing far from urban centers. The new findings also show how consumption of highly processed foods is also increasing in peri-urban and rural areas of some countries. Unfortunately, spatial inequalities remain. Food insecurity affects more people living in rural areas. Moderate or severe food insecurity affected 33 percent of adults living in rural areas and 26 pe in urban areas. Children’s malnutrition also displays urban and rural specificities: the prevalence of child stunting is higher in rural areas (35.8 percent) than in urban areas (22.4 percent). Wasting is higher in rural areas (10.5 percent) than in urban areas (7.7 percent), while overweight is slightly more prevalent in urban areas (5.4 percent) compared to rural areas (3.5 percent).The report recommends that to effectively promote food security and nutrition, policy interventions, actions and investments must be guided by a comprehensive understanding of the complex and changing relationship between the rural-urban continuum and agrifood systems.
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Out of this, the length of the road of international importance is 1593 km, 5460 km of domestic importance, and 32 900 km of local importance.
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The information is provided by the Armed Forces of Ukraine."In order to staff the armed forces of the Russian Federation, the units of the 4th (Tskhinvali district, South Ossetia) and 7th (Abkhazia) military bases, which are part of the Southern Military District, were redeployed from the occupied territories of Georgia to Ukraine.From the 4th military base, three BTGs were formed and sent to Ukraine, which in total, amounts up to 1,200 Russian and Ossetian soldiers. From the units of the 7th military base, two BTGs were formed, which unites about 800 people.", posted General Staff of the Armed Forces of Ukraine on Facebook. As the General Staff of the Armed Forces of Ukraine further noted, the Russian troops continue to experience staffing problems."In particular, servicemen of the 26th Tank Regiment of the 47th Tank Division, who signed contracts, began to file reports after they had participated in the war against Ukraine, requesting to terminate the contract and send them to a permanent location for further service.It is also reported that the Joint Forces in Donetsk and Luhansk regions repulsed four attacks by the Russian occupiers over the past 24 hours. Ukrainian soldiers destroyed seven tanks, seven armored vehicles, two vehicles, and an anti-tank gun. The enemy suffered manpower losses.", writes Ukrinform.
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According to Ekho Kavkaza, earlier the border could be crossed only by vehicle or bike.The information was confirmed by the press service of the FSB border service of North Ossetia, who noted that such a decision was made "for speed".According to Ekho Kavkaza, the above reports that it is now possible to cross the border on foot were spread via the so-called Zemo Larsi chat and Tbilisi_life Telegram channel.
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In anticipation of the EU response, the Shame Movement announced a demonstration on June 20, at 20:00, where representatives of the civil society, the Ukrainian government, and the European Union addressed the rally. The announcement read: "Europe is a historical choice and an aspiration of Georgians, for which all generations have given sacrifices. The tangible act of our historical aspirations is the Constitution of the Democratic Republic of Georgia. We, Georgians, created one of the most progressive documents in the world at that time and declared our connection with Europe based on shared values. A century has passed and the Russian Federation now opposes the Western choice of Ukraine with new military aggression. Against the background of the heroism and self-sacrifice of the Ukrainian people, there is an unprecedented chance for Ukraine, Georgia, and Moldova to become part of the European Union and return to where our roots and aspirations are. The citizens of Georgia may not agree on many issues, but freedom, peace, economic sustainability, protection of human rights, and justice are the values that unite us all, which would be guaranteed by integration with the European Union. That is why, in anticipation of the EU response, on June 20, at 20:00, we will gather in front of the Parliament and demonstrate the commitment of the Georgian people of the world to European choice and Western values." The number of people taking part in a protest rally in support of European integration was at least 120,000, amounting to a maximum of 160,000, according to Netgazeti.The Shame Movement announced another demonstration on June 24, after the EU announced its decision to grant Georgia candidate status. The Shame Movement also presented a manifesto and announced the establishment of a new People's Movement. At 21:00, demonstrators marched to Europe Square, where the conclusive part of the event was held. At the summit on June 23-24, the leaders of the 27 EU member states will consider the applications of Ukraine, Moldova, and Georgia for the EU candidate status.
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“What I saw yesterday was a very large, dignified, and peaceful manifestation of Georgia’s pro-European choice.What I heard yesterday was many, many ordinary Georgians coming out, wishing Georgia to seize the moment and embrace the opportunity that is given now from the European Union side and take the right steps forward in order to de facto and in reality move Georgia’s European agenda forward,” Ambassador Hartzell said.Carl Hartzell also stressed that opening the European perspective for Ukraine, Georgia, and Moldova should not be missed.“What the Commission said last Friday was to open the European perspective for Ukraine, Moldova, and Georgia, which is not to be missed a very clear “yes” from the European Commission that Georgia has the potential to become a future EU member. And yesterday, we heard President Michel, who is very well known in this country, also stressing that now is a time to acknowledge that Ukraine, Moldova, and Georgia have a future within the European Union. These are powerful messages, and at the same time, as we know, the Opinion for Georgia was less favourable than the Opinion for Ukraine and Moldova, which underlines the need now to take resolute steps forward to demonstrate these aspirations. And for that we have a to-do list from the European Commission, saying what are these requirements for Georgia to advance. And I am hoping to see in a few days’ time if member states in the European Council will conclude the same as the European Commission. After which the message is very clear, Georgia’s European destiny is in Georgia’s hands, and it’s time to work diligently to take the necessary steps, to move the agenda forward."
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As she declared, Georgia complies with the requirements of international sanctions, and in case of violation, it will receive an appropriate response."In 2008, it’s important to remember there were a billion dollars in support allocated for Georgia, and there has been considerable investment by my country and other countries in helping Georgia strengthen its deterrence capabilities. The Georgia Defense Forces are quite a bit stronger than in 2008 as a result of the strong security cooperation and partnership that Georgia has with the United States and other friends of Georgia. In this situation, now, what is really important is that we all show a unified front to this Russian aggression that is killing thousands of Ukrainian civilians and devastating Ukrainian towns. The sanctions are intended to influence Russia’s behavior, and I would just say clearly, no one is asking Georgia’s government to come up with bilateral sanctions if they don’t want to, if that’s not what they’ve decided they should do. Bilateral sanctions are for Georgia’s government to decide. What is expected of every country, my country, and every country that is standing against this Russian aggression is that there will be compliance with the international sanctions regime, and Georgia has always been a good partner in complying with international sanctions, whether against Iran or other countries that are working against the interests of countries like Georgia and the United States and all of our countries that believe in freedom and stability and security.So, again, I think it’s important not to confuse the issues here about what we’re talking about when we’re talking about complying with international sanctions. Georgia is complying with international sanctions. Many of the sanctions may not affect Georgia directly. So I think it’s important to keep this in perspective and understand that Georgia, just like most countries, will be complying with international sanctions to the extent they can. There are consequences for any country that doesn’t comply with an international sanctions regime. We all know that. So, again, I think that the key thing here is that we all are sending a unified message of support to Ukraine, and one of the ways to do that is by complying with the international sanctions regimes."
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92% of private individuals’ deposits are distributed among 4 banks
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Security Sector Reform is a long-term political process - EU Ambassado...
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Kulevi oil refinery project to be presented today afresh
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The Kulevi plant will process 1 million tons of crude oil
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NBG is selling USD, but it is still strengthening
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