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Daily Archives: January 6, 2015

What will Happen to the Georgian Car Market in 2015?

According to Mikheil Kharati, the Head of the Car Department of Geo Auto-  Georgian representation of Nissan,  in 2015  the company’s sales will  grow by approximately 30-40%. He notes that in 2014 the company was unable to increase sales, but maintained their   stable level. Nissan updated 3 models, which enjoy …

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Brent Oil Falls below $ 53

Bloomberg reports that the price of Brent crude oil fell below $53 a barrel for the first time since May 2009 sparking a wider selloff in equity markets as oil majors and explorers suffered. Record oil production from Russia and Iraq pushed Brent Crude down to $52.9 a barrel and …

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Developers Look to 2015 with Optimism

Developers predict that the Georgian real estate market will become more active this year. George Kapanadze,  Axis  Director-General makes the optimistic forecast in the air of radio “Commersant” just like  Archi Group Director. According to him, in 2014 this business experienced aprogress. All objects were financed and the company will …

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Dirsi assessing 2014 and planning the year ahead

Management of Dirsi Residental complex The year of 2014 can unquestionably be considered as a successful year for construction. Signs for this were seen in the construction market, several new projects were launched, while the older construction projects were actively modified and revived. 2014 turned out to be an exceptionally …

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Samir Valiyev, General Director of IBA-Georgia Assessing 2014

The year of 2014 has turned out a new stage of sustainable development for International Bank of Azerbaijan – Georgia (IBA-Georgia). Amid the sharp competition the bank determined to make focus on client interests as one of the main priority directions in 2014. The bank has earned very positive indicators …

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Sopho Balavadze, Bank of Georgia PR Head Assessing 2014

Over the last few years Bank of Georgia has made strong progress in delivering growth in its core retail banking, corporate banking and investment management businesses. This growth has been combined with maintaining a solid capital and liquidity position and consistently high returns on shareholder equity, delivering dividends that have …

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