Daily Archives: September 26, 2014

Credit Investments of Georgian Commercial Banks Amount to GEL 11.1 Billion

In August 2014 , the volume of credit investments, including loans to non-residents,increased by  GEL 41. 4  million (0 4%) in comparison with the previous month and amounted to GEL 11.1 billion. In the same period, loans issued in the national currency increased by GEL 0.9 million (0, 02%), in the foreign currency – by GEL 40.4 million (0, 6%). According to the …

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Entry of German Investment in Georgia Hampered by Ministry of Economy

Ministry of Economy hampered the entry of German investment in Georgia. The government delayed the process of privatization of the land plot that has hindered the setting up of the processing enterprise. According to Director of the International Investments Coordination Center George Seturidze , due to the bureaucratic processes, it …

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