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Daily Archives: October 30, 2014

Travel Companies Closing in Georgia

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According to CEO of Medea Travel, many tour operators are on the verge of bankruptcy due to the financial crisis. “We have already closed all offices, except for one.Banks do not give us loans, they believe that the tour operators do not have the resources to pay them, “- the …

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Russia’s Central Bank Boosts Ruble Liquidity

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Starting October 27th Russia’s key financial regulator Central Bank introduced a new financial tool known as foreign currency repo, or repurchase agreement.   “These operations are aimed at further empowering credit institutions to manage their own short-term currency liquidity,” according to Central Bank of Russia’s press center.   The credit organizations …

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