ISET Faculty Member Calls for Financial Inclusion Strategy at Banking Forum
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On April 30, 2018 Dr. Yasya Babych (ISET/MPRC) presented at the Georgian Banking Forum 2018 organized by The Financial. The conference was dedicated to the future of banking and took place at the Biltmore Hotel in Tbilisi. Among the invited speakers were Irakli Kovzanadze (Chairman of Finance and Budget Committee of the Parliament of Georgia), Murtaz Kikoria (Vice-Governor, Member of the Board of the National Bank of Georgia), Andras Hemberger(Mastercard), Kakha Kiknavelize (CEO of Bank of Georgia) and other notables.
Dr. Babych spoke about the issues of financial inclusion and financial literacy in Georgia. It is well-known that stability of the financial system and the strength of the entire economy depend greatly on the extent to which ordinary households and businesses are financially integrated. Although in the last 27 years Georgia managed to build a strong, resilient financial system, it still remains a country with high poverty rates, low youth participation in the economy (hence the low financial inclusion of the young), low usage of the newest financial technologies, relatively low financial literacy levels, and alarmingly low savings rates for the elderly.
Swedish Cutting Edge Innovation Results in World First Electrified Road
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As a key-finding in this year’s EPI-scoring, air quality keeps deteriorating human health in such a manner that it is considered as “…the leading environmental threat to public health” (EPI, 2018). The exposure of pollution and its particles from e.g. heavy traffic is a contributing factor. In Sweden, the transporting sector constitutes for 1/3 of the total CO2 emissions. In an attempt to curb its emissions and reach the goal of fossil-fuel free roads, the Swedish Transport Administration and eRoadArlanda teamed up and developed the world’s first electrified, 2 km long, public road outside the capital.
The electric truck or car runs on the rails, connected to a power grid, and as it moves transformation of energy is made from the rails to the vehicle. Practically this means that an arm locates where the vehicle moves and connects with it and thus the vehicle also gets charged at the same time.
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