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Daily Archives: February 1, 2016

Georgian Bank Sector Hampers Georgian Economy Modernization

Zura Kukuladze

Zura Kukuladze editor-in-chief for the Bank and Finances newspaper, overviews the bank sector issues and challenges Several days ago Sberbank CEO Herman Gref openly criticized the Russian Authorities. The Russian Federation has lost the competition and the development paces have decelerated, he pointed out. Georgian bankers have never made similar …

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Everybody against LARI: GEL Sees Historical Bottom

GEL currency

The GEL exchange rate keeps depreciating. Last week the Georgian national currency saw its historical minimum against USD (1USD=2.49 GEL). Unlike the previous year, when GEL was extremely depreciating, in January 2016 the devaluation paces have decelerated. Despite encouraging statements by the government and the National Bank representatives, the GEL  …

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Gas Storage Tank will Strengthen Georgia’s Regional Positions

gas storage

Expert in energy issues Zurab Garakanidze talks about Georgia’s perspectives from the gas storage tank construction and the importance of the project implementation, in general. “We have already found due finances for constructing a gas storage tank, Georgian Energy Minister Kakha Kaladze noted. SOCAR is interested in participating in the …

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