The FINANCIAL - Opinion

The FINANCIAL -- During his speech at the session of the Tbilisi City Council, the Mayor of Tbilisi, Davit Narmania, accused the United National Movement of using flawed practice and stated that the fee for increasing the K2 construction intensity coefficient was established in 2007 during the office of the United National Movement. According to Mr Narmania’s information, about 2,000 permits for increasing the K2 construction intensity coefficient were issued from 2009 to August 2014. “We have prohibited the increase of the K2 coefficient in order to spare the city from the chaotic construction and ugly buildings you (United National Movement) allowed. In 2007, it was you who established this flawed practice of increasing the construction intensity coefficient and it was also you who established fees for issuing special (zonal) agreements whose results cause suffering for our citizens today,” said the Mayor of Tbilisi. 

The FINANCIAL -- In the European Union (EU), resource productivity increased to 2.00 €/kg in 2015 from 1.48 €/kg in 2000, an increase of 35.4% in real terms. Resource productivity measures how efficiently natural resources are used by the economy and indicates whether economic growth is compatible with a more efficient use of the natural resources from the environment. Since 2008, resource productivity progressed in the EU both by increasing economic activity, as measured by GDP, and by reducing the extraction of materials, as measured by domestic material consumption (DMC). In the previous period between 2000 and 2008, GDP and domestic material consumption grew in parallel in the EU, leading to relatively constant resource productivity.

The FINANCIAL -- More than four in ten working adults (44%) say their current job has an impact on their overall health, and one in four (28%) say that impact is positive, a new NPR/Robert Wood Johnson Foundation/Harvard T.H. Chan School of Public Health poll finds. However, in the survey of more than 1,600 workers in the U.S., one in six workers (16%) report that their current job has a negative impact on their health. Workers most likely to say their job has a negative impact on their overall health include those with disabilities (35%), those in dangerous jobs (27%), those in low-paying jobs (26%), those working 50+ hours per week (25%), and those working in the retail sector (26%).

The FINANCIAL -- Turkish President Recep Tayyip Erdogan and those around him have been quick to blame the country’s foiled coup on what they say is a “shadow state” seeking to overthrow the government.

The FINANCIAL -- Less than six years ago, in 2010 the worldwide known tourist guide Lonely Plant attributed to Georgia a title of top world destination. Afterwards, the US influential newspaper New Yorker named Georgia as the place worth visiting in 2015 and, this year, the country has been acknowledged by CNN as one of the best tourist destinations. The growing world’s attention to this pearl of the Caucasian region can be said is primarily driven by the uniqueness of place, constant tourist infrastructure development, effective governmental initiatives, as well as efficient marketing strategy.

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