14,393.85 TRY BIST 100 BIST 100
56.28 EUR EUR EUR
48.52 USD USD USD
7.27 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
39.76 TRY Interest Interest
105.61 USD Fossil Oil Fossil Oil
6.59 USD Copper Copper
100.22 TRY Silver Silver
98.02 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
97.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

The European Union described the Georgian parliament's approval of the draft law as a "bad development"

The European Union (EU) described the Georgian parliament's approval of a draft law on "Transparency of Foreign Influence" as a "bad development" for the nation and its citizens and warned that its final approval would have a significant negative impact on relations between the EU and Georgia.

The European Union described the Georgian parliament's approval of the draft law as a "bad development"

The draft law was accepted by the Georgian parliament, which sparked protests, and a statement about it was made by Josep Borrell, the EU's High Representative for Foreign Relations and Security Policy.

According to Borrell, who called the bill's passage "a very bad development for Georgia and the Georgian people," the law's current iteration would have a negative effect on many Georgians as well as non-governmental and media organizations.

Borrell remarked, "The standards and values of the EU are not adhered to by this law. The majority of Georgians support Georgia's desire to join the EU, which is incompatible with the law. The law's final approval could have a significant impact on our relationships "used the expression.

According to Josep Borrell, they urge Georgia to uphold democracy, the rule of law, and human rights, and they assert that the populace has the right to organize nonviolent protests.

The opposition People's Power Party, which included some lawmakers who had previously defected from the ruling Georgian Imaginary Party, presented a draft law to the legislature, and it was approved.

A fight between the deputies occurred during the bill's parliamentary debate, which the government supported and other opposition parties opposed. The bill was opposed on the grounds that it would harm European integration by being similar to the Law on Foreign Agents in Russia, according to representatives of some opposition parties.

After the bill was approved on March 7, protests and other activities took place in front of the parliament.

The draft law stipulates that organizations that receive more than 20 percent of their financial funds from abroad should register as "foreign representatives", and organizations that do not do this will be penalized.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

European metal industry representatives gather in Brussels for competitiveness

Tuesday, September 8, 2026

Fuat Tosyalı received an honorary doctorate in economics

Monday, September 7, 2026

Salzgitter starts up new hot straightening machine in Mülheim

Friday, September 4, 2026

Acciaierie d’Italia’s low production strengthens expectations of higher HRC prices

Thursday, August 27, 2026

IIT Hyderabad and Jindal Steel forge new partnership for advanced steel technologies

Saturday, August 22, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now