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Daily Archives: December 5, 2014

Exclusive – A Person Invited from Abroad may be Appointed President of Cartu Bank

“Commersant” reports that Georgian   Bacho Kobakhidze invited from abroad  will  supposedly replace  Nodar Javakhishvili on the post of  Cartu Bank President. The candidate’s current position and activity  is still unknown.  As for Nodar Javakhishvili, he, reportedly, will replace Deputy Minister of Regional Development and Infrastructure Zurab Kopadze. “Given the fact …

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Bank of Georgia Owner Buys Georgian Branch of Ukrainian PrivatBank

Bank of Georgia owner – Bank Of Georgia Holding (BGH) company buys the Georgian branch of the Ukrainian PrivatBank as well as the shares of Georgian Global Utilities Limited which owns the Tbilisi water distribution company Tbilisi Water. In addition, the company intends to issue 3.59 million shares. BGH will …

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Turkish Businessmen about the Lack of Communication with Government of Georgia

Turkish businessmen complain about the lack of direct communication with the Georgian central government. This statement was made by the  Turkish Consul Yassin Temizkan at a meeting of  the Georgian Business Ombudsman George Gakharia with Turkish businessmen at  Intourist hotel in Batumi. Officially, the meeting aimed  to discuss the existing …

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Lado Gurgenidze not Going to Join New Ukraine’s Government

Lado Gurgenidze responds to  a statement spread in media  about Ukrainian  government’s offer to appoint him to a position in the government. The banker writes on his Facebook page thatconsidering  his current activities, to start any new full-time project is not realistic at  this stage. “Nowadays, I feel most comfortable in …

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Why now is the time to invest in infrastructure

Infrastructure is the backbone of well-functioning economies. Unfortunately, that backbone is becoming increasingly brittle in a number of advanced economies. For example, there has been a decline in the overall quality of infrastructure in the United States and Germany (Figure 1; see the FT 2014 and ASCE 2013 for more on infrastructure in the …

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Dollar index hits highest level since March 2006

The ICE U.S. dollar index rose Wednesday to its highest level since March 2006 as the dollar rally gained momentum, spurred in part by a strong gauge of service-sector growth in the U.S. economy, ahead of a policy statement from the European Central Bank. The dollar index DXY, -0.36% which …

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