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Press releases - FCHAIN

Türkiye seeks World Bank funds to upgrade power grid
20.11.2024
Türkiye seeks World Bank funds to upgrade power grid
Türkiye is negotiating with the World Bank to secure funding for upgrading its energy transmission grid as part of a broader plan to significantly increase renewable energy generation and reduce reliance on fossil fuels. The $28 billion transmission plan is crucial to Türkiye’s goal of quadrupling its renewable energy capacity from 30 gigawatts (GW) to
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Abolition of universal declaration of individuals in Kazakhstan
20.11.2024
Abolition of universal declaration of individuals in Kazakhstan
Prime Minister Olzhas Bektenov at the government meeting on November 19, 2024 announced the decision on universal declaration of Kazakhstan citizens, FChain Kazakhstan reports. The original purpose of the reform was to increase transparency and identify shadow revenues. However, at the direction of President Kasym-Jomart Tokayev, the government began analyzing the need to extend mandatory
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Annual Inflation Rate Amounted To 0.3% In October
20.11.2024
Annual Inflation Rate Amounted To 0.3% In October
FCHAIN Georgia office informs: In October 2024 the Consumer Price Index increased by 0.3 percent compared to the previous month, while the annual inflation rate also amounted to 0.3 percent, - according to the preliminary data from the National Statistics Office of Georgia. With regard to the annual core inflation, the prices increased by 1.2
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World Children’s Day
20.11.2024
World Children’s Day
World Children’s Day was first established in 1954 as Universal Children's Day and is celebrated on 20 November each year to promote international togetherness, awareness among children worldwide, and improving children's welfare. November 20th is an important date as it is the date in 1959 when the UN General Assembly adopted the Declaration of the Rights
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Georgia’s Pension Agency invests GEL 150 MLN in EBRD bonds
19.11.2024
Georgia’s Pension Agency invests GEL 150 MLN in EBRD bonds
FCHAIN Georgia office informs: The Pension Agency of Georgia on Wednesday announced an inaugural investment of GEL 150 million in a five-year lari-denominated Floating Rate Note under the European Bank for Reconstruction and Development’s Global Medium Term Note programme. The Agency added the AAA-rated transaction enhanced the quality of its portfolio and marked the beginning
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Türkiye Bids to Host 2026 UN Climate Change Conference
19.11.2024
Türkiye Bids to Host 2026 UN Climate Change Conference
FCHAIN Türkiye office informs: Türkiye is bidding to host the 2026 United Nations Climate Change Conference, Climate Minister Murat Kurum announced at the COP29 conference in Baku, Azerbaijan. Kurum highlighted Türkiye’s role as a bridge between developed and developing nations and expressed the country's commitment to climate action. However, he did not specify which city
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