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Daily Archives: February 26, 2015

Bidzina Ivanishvili Lays Blame for Currency Crisis on NBG President

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According to Georgia’s former PM  Bidzina Ivanishvili, the nation-wide monetary crisis was brought about by the mistakes and inactivity of Giorgi Kadagidze, President  of the National Bank who was appointed by the National Movement party. As Ivanishvili remarks in his special statement, the recent developments confirm that the country is …

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The Lowest Tariffs and 24 Hour Service – MiniCredit Plastic Card

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MiniCredit has been providing fast and high-quality services for its clients since 2011. The company permanently cares for devoted clients and offers MiniCredit plastic cards to ensure their comfort. The card offers the lowest tariffs! MiniCredit offers a 50 GEL to 700 GEL credit on MiniCredit cards, while clients enjoy …

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Banks Extend the Repayment Terms of Loans to Customers

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Amid  the devaluation of the national currency, the Georgian banks announce the introduction of favorable payment terms. According to the CEO of “TBC Bank” Vakhtang Butskhrikidze, on the basis of individual analysis, in each case a new loan repayment schedule will be developed, which will be adapted to the real …

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Trade: ASX to rally on strong overseas leads, Saxo Bank

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Saxo Capital Markets (Australia) Trading Desk / Saxo Capital Markets Overseas markets rose following the Fed chair’s comments and news on Greece Copper led the base metals, up 1.8%, while gold and oil fell AUDUSD continues to seek clear direction and is trading within 0.7850 and 0.7730 Overnight US stocks …

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Hotel Business to be Promoted within “Produce in Georgia” Program

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The hotel business joins “Produce in Georgia” program which will cover  all the regions. Recall that this year  a hotel component is planned to be enacted  within the framework of “Produce in Georgia” program. The Minister of Economy and Sustainable Development of Georgia Giorgi Kvirikashvili stated a few days ago. …

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Georgia Plans Reform Drive to Cope with Economic Crisis

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TBILISI-Georgia plans a reform drive including privatizations, budget cuts and restructuring of foreign currency bank loans to contain the country’s economic crisis, officials said on Wednesday. The former Soviet republic’s economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine. Declining foreign investment and …

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Lady Gaga will join the cast of “American Horror Story”

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Another “monster” is set to join the cast of American Horror Story. Pop superstar Lady Gaga posted a photo on twitter Wednesday, teasing her appearance in the FX television show. The tweet also announced the theme and title of the fifth season as “Hotel,” adding to an array of terrifying …

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Georgia on Bloomberg’s ‘World’s next big wine regions’

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“I’ve always been a wine-discovery junkie, constantly on the hunt for new grapes, new vintages, new winemakers, and especially new places where vines may never have been planted before,” — writes Bloomberg’s wine corespondent Elin McCoy. “In these eight spots, good wine is on its way to becoming great wine, with …

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Georgian Gov’ t Submitted a Plan for Overcoming the Economic Crisis

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The Georgian government presented a plan to overcome the economic crisis, stabilize  the national currency  designed in both  long-term and short term period at a meeting with the  members of the Georgian Business Association. In particular, the process of privatization is expected to be intensified and in the coming days …

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