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During the last decades, financial markets have undergone multiple changes. Along with the globalization of markets, more rapid growth of the markets of derived securities, changes of corporation ownership structures and others are noticed. Together with the mentioned issues, in the Manuscript we determine state of the financial market and its problems in Georgia; attention is paid to one of the most important attributes of the financial marketeconomical value of the yield curve developed by the National Bank of Georgia with the assistance of the experts of the Central Bank of Czech Republic. The factors determining yield curve are defined in the Article, together with their application of evaluation of future interest rates. Important proposal for developing mechanism of securities in Georgia are represented in the Article, such as: the European Union-resulting from the duties towards the agreement of Georgian association the low of derived securities markets should approach to the ones of the European Union. The government is required to create a long term plan for financial instruments development, it is essential to share international experience, which involves sharing the best practice and creating justice basis of modern standards with the participation of large number of professionals. The government is responsible for supporting the enlargement and improvement of service of market participants. It also shall guarantee the transparency of derived securities market as well as higher level of organizing and trustworthy.

The article discusses key issues of the origin, development and essence of modern foresight. There is explained three main program of foresight. In scientific -technical programming is the foresight a new event or not, how is it possible to positioning the foresight in strategic planning , is its methodology used at regional level or not, in the paper there are also given the stages of formation of foresight, the parallelization is given between forecast and foresight and it is justified that the participants of foresight create real possibilities not only for forecast, also they discuss the future possible alternatives and develop strategies to implement more promising projects. Methodological issues of foresight are also studied, in particular, normative and exploratory approaches, a wide range of methods used for foresight: Creativity, Expertise and Forecast, Analysis, Interaction -Delphi -Methods of Survey establishment on quality information.

The article gives readers the main regulations of elaboration of capital actives evaluating model (CAPM) theory, topics of its practical usage, common ways of definition of investments (securities) optimal portfolio and on the basis of CAPM theory it is discussed evaluating methods of investing business, and it is highlighted two criteria of portfolio chosen by an investor-profit and risk. Besides, it is discussed modern modification of the mentioned model on the point of time horizon, a problem of time factor measurement while evaluating risk and profit, also evaluation of investing effectivity by using sharp coefficient. The work presents and evaluates possible income of securities and possibilities of risks in a modern way, which is characteristic only for CAPM model and it is considered to be its positive side.

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