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Daily Archives: November 21, 2014

Bank Lending Grew by 22%

During the year, a volume of bank lending in Georgia increased by 22%, including consumer loans issued to individuals – by 35%. At the same time, almost 50% of the population is in debt to the banks, microfinance institutions and private moneylenders – it clearly demonstrates that the majority of …

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Remittances from Russia to Georgia Likely to be Reduced

Remittances from Russia to Georgia might reduce. The International Monetary Fund’s (IMF) representative Natalia Tamiris makes this assumption. Consequently, the social status of the families that are wholly or partly dependent on aid from relatives living in Russia will significantly worsen. Geopolitical tension, the Ukrainian crisis and economic sanctions inhibit …

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Businessmen Put forward a Precondition to Engage in Development of Regions

Businessmen interviewed by “Commersant” talk about the need of putting the infrastructure in order that will allow them to implement business projects in regions. The Prime Minister urged businessmen  to engage indevelopment of the regions. Upon Georgia‘s PM initiative, a regional development concept will be developed in the near future. …

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