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Daily Archives: December 14, 2015

Financial Pyramid In Georgia Grows Unprecedented Internal Debts

Financial Pyramid In Georgia Grows Unprecedented Internal Debts

Georgia’s internal debts have exceeded 2 billion GEL for the past 6 years. The so-called historical debts are not included in this statistics. The Government could not calculate and declare these historical debts. The state budget has to spend huge financial resources to serve the liabilities from issuance of state …

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