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Daily Archives: October 15, 2014

Do Overseas Banks Have the Right to Own Non-core Business?

A topic of  possession of non-core assets by commercial banks is relevant not only in Georgia, but also in many other countries. The World Bank (WB) conducted a study of bank management and supervision of the banking system in 2012, and one of its themes was devoted to  non-core assets. …

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National Investment Agency to Conduct Monitoring

According to the draft law on legislative measures to stimulate investment in Georgia, the GeorgianNational Investment Agency (GNIA) will monitor the implementation of investment commitments. We are not talking about private investment but the government projects, however, the Agency will not be entitled to penalize those who do not fulfill theirobligations. …

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Georgian Businessmen Respond to Fadi Asli – Business is Free!

Georgian business responds to  the International Chamber of Commerce President’s statement in which he said that the investment climate in Georgiastill leaves much to be desired, businesses are terrified and do not have confidence in the government. In his words,  it is not due to unfriendly legislation developed  by the …

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Do Overseas Banks Have the Right to Own Non-core Business?

A topic of  possession of non-core assets by commercial banks is relevant not only in Georgia, but also in many other countries. The World Bank (WB) conducted a study of bank management and supervision of the banking system in 2012, and one of its themes was devoted to  non-core assets. …

Read More »

National Investment Agency to Conduct Monitoring

According to the draft law on legislative measures to stimulate investment in Georgia, theGeorgian National Investment Agency (GNIA) will monitor the implementation of investment commitments. We are not talking about private investment but the  government projects, however, the Agency will not be entitled to penalize those whodo not fulfill their …

Read More »

International Chamber of Commerce: Business does not Trust the Government

Investment climate in Georgia still leaves much to be desired – President of the International Chamber of Commerce Fadi Asli states  “Commersant”. According to him, this is not only due to the fact that the Georgian Parliament adopts legislation unfriendly to business, but also because of the difficult situation in …

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