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Economics

Bomb threats against European airlines force Warsaw airport closure, affect several flights

Bomb threats targeted at least 10 European airlines on Tuesday, forcing the temporary closure of a Warsaw airport and affecting at least four Ryanair flights. No explosives were found after the planes all took off and landed safely in different European cities.  

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Students blockade French schools, universities as trade unions prepare for nationwide strike

Students blockaded at least 48 high schools in France on Tuesday, according to local authorities, as the country's trade unions prepare for a nationwide strike planned for November 5. The USL student union said 500 schools were blocked, while thousands of students also marched in Paris and several other cities.  

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The Georgian Lari Continues to Strengthen — Exchange Rates

The National Bank of Georgia has set new exchange rates. Following trading on October 28, the US dollar depreciated to 2.5957 GEL. The exchange rate in effect today was 2.5960 GEL.

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Basisbank Opens USD Correspondent Account with Citibank

Basisbank has opened a US dollar correspondent account with Citibank. This marks an important step in the expansion and development of the Bank’s international network and supports the deepening of strategic partnerships with leading global financial institutions.

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Georgian Prime Minister: We Have Decided to Increase Pensions for People Under 70 by 45 GEL

“We have decided to increase pensions for people under the age of 70 by 45 GEL instead of the 20 GEL предусмотренных under the indexation mechanism,” Georgian Prime Minister Irakli Kobakhidze said at a briefing held at the Government Administration.

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Lari Continues to Strengthen — Currency Exchange Rates

The National Bank of Georgia has set new exchange rates. Following trading on October 5, the US dollar weakened to 2.6032 lari. The rate in effect today was 2.6039 lari.

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Lasha Magradze Appointed Deputy Minister of Justice of Georgia

Lasha Magradze, who previously served as First Deputy Head of the State Security Service, has been appointed Deputy Minister of Justice of Georgia.

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Georgia’s Deputy Economy Minister: We have record figures in the transport sector over the past decade — in maritime, rail and aviation

“The transport sector is showing unprecedented figures. If we compare the data for the first eight months of this year with the same period last year, we have record figures over the past decade in maritime, rail and aviation,” Deputy Minister of Economy and Sustainable Development Tamar Ioseliani said, speaking about trends in Georgia’s transport sector this year.

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Lari Strengthens Further — Currency Exchange Rates

The National Bank of Georgia has set new exchange rates.

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Official Value of 1 U.S. Dollar Reaches 2.6128 GEL

The National Bank of Georgia has set a new official exchange rate.

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SOCAR Georgia Petroleum imports first petrol shipment from Italiana Petroli, part of the SOCAR Group

The 5,000-tonne EN 228 shipment marks the first direct supply transaction between the two companies following Italiana Petroli's acquisition by the SOCAR Group.

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Official Exchange Rate of US Dollar Reaches 2.6250 GEL

The National Bank of Georgia has set the new official exchange rates.

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Official exchange rate of US dollar set at GEL 2.6195

The National Bank of Georgia has set new official exchange rates. Following trading on August 26, the US dollar strengthened to GEL 2.6195. The rate in effect today was GEL 2.6153.

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Lari Strengthens Again — Currency Exchange Rates

The National Bank of Georgia has set new currency exchange rates.

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Dredging Works Begin at the Anaklia Deep-Sea Port — First Dredger, Tristao Da Cunha, Enters the Future Port’s Maritime Area

Dredging works are beginning at the Anaklia Deep-Sea Port, with the first dredger, Tristao Da Cunha, entering the maritime area of the future port. After completing the procedures required by law, the vessel will begin work on the construction of the breakwater channel.

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Lari Strengthens – Exchange Rates

The National Bank of Georgia has announced the new official exchange rates.

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