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South Caucasus News

CoE Secretary General “Very Disappointed” about Adoption of Agents Law Without Venice Commission Opinion


On May 15, the Secretary General of the Council of Europe, Marija Pejčinović Burić, issued a statement on the foreign agents law, regretting that it was adopted in the final reading without waiting for the opinion of the Venice Commission and without taking into account the concerns expressed by the international partners of Georgia about the law’s incompatibility with EU standards.

The adoption of the foreign agents law by the Georgian Parliament “without waiting for the opinion of the Venice Commission is very disappointing and does not reflect the spirit of constructive dialogue,” the statement laments.

“International partners’ concerns regarding the draft law’s incompatibility with European democratic and human rights standards were ignored,” the statement regrets, adding that “the lack of genuine parliamentary deliberations is not in accordance with an inclusive democratic process.”

The statement notes that the Venice Commission is about to issue its opinion on the foreign agents law and that “its legal recommendations should provide the basis for meaningful dialogue and allow a way forward in line with Council of Europe norms and values.”

In addition, Secretary General Marija Pejčinović Burić says she is “deeply troubled” by reports of recent intimidation campaigns, physical attacks, disproportionate use of force, unlawful detentions and illegal dissemination of personal data, and the use of stigmatizing official narratives targeting peaceful protesters, civil activists, journalists and opposition figures, and calls on the Georgian authorities to take “immediate steps” to prevent such actions, “which are irreconcilable with the principles of a democratic society.” She also calls on the authorities to properly and effectively investigate all reported cases of alleged rights abuses.

“The Council of Europe stands ready to assist Georgia in ensuring full compliance with international standards, thereby consolidating its democratic development and further progress towards EU accession,” the statement concludes.

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South Caucasus News

Fintex Summit 2024 kicks off in Baku


The Fintex Summit 2024 (Finance and Technologies Expo) has commenced in Baku, focusing on “New Trends in Banking and Finance Ecosystem: Innovative Solutions, FinTech and Security”, according to Azerbaijan in Focus, reporting AzerTac.

The summit serves as a platform for exchanging ideas and experiences on financial technologies, digitization, and the payment ecosystem. The Fintex Summit is the only financial event in Azerbaijan where all bank CEOs are present.

Additionally, Fintex Summit Istanbul is scheduled for October 2024 in Türkiye, and the International Banking Forum will take place in Baku on December 3-4.

The post Fintex Summit 2024 kicks off in Baku appeared first on Azerbaijan In Focus.


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South Caucasus News

Moscow accuses EU mission in Armenia of conducting provocative activities – News.Az


Moscow accuses EU mission in Armenia of conducting provocative activities  News.Az

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South Caucasus News

Armenia News – NEWS.am


Armenia News  NEWS.am

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South Caucasus News

Armenia News – NEWS.am


Armenia News  NEWS.am

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South Caucasus News

White House: Washington could fundamentally reassess relationship with Georgia


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South Caucasus News

Agency head proposes establishment of Fintech regional centres for development


This year, it is planned to create regional centres for fintechs in Baku, Sumgayit, and Ganja, Inara Valiyeva, the head of the Innovation and Digital Development Agency under the Ministry of Digital Development and Transport, said at the Fintech Summit, Azernews reports.

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South Caucasus News

Azerbaijan witnesses surge in internet banking activities


The volume of internet banking transactions in Azerbaijan increased by 18% in the first quarter of 2024, compared to the same period last year and exceeded 59 billion manats (over $34.7 billion), said Rashad Orujov, the first deputy chairman of the Central Bank of Azerbaijan, Azernews reports.

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South Caucasus News

Azerbaijani Premier meets with Belarusian Deputy PM


Ali Asadov, Prime Minister of the Republic of Azerbaijan, met with Igor Petrishenko, Deputy Prime Minister of the Republic of Belarus, Azernews ​reports.

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South Caucasus News

Reserve Officer Training Course ends for new officers in Azerbaijan


The Reserve Officer Training Course, organised for youth with higher education wishing to serve as officers of relevant specialties in various types of troops of the Defence Ministry, has ended, Azernews reports.