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Georgian government not to take IMF loan

The Georgian government does not intend to take a loan from the International Monetary Fund, Georgian Finance Minister Nodar Khaduri told reporters Feb. 23. He said that the matter rests in attracting additional funds from other donors. “An IMF mission is in Georgia,” he said. “The mission representatives will meet …

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Banks Suspected in Making Speculative Collusions on Currency Market

Amid the GEL exchange rate devaluation, experts stress a major part of the Georgian society bears losses because of high level dollarization of loans. Moreover, a high ratio of imports has increased consumer prices and clients bear considerable losses. The question arises whether there is some sector in the Georgian …

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TBC Bank Hosted an Energy Conference

On February 17th TBC Bank, with the support of the Ministry of Energy of Georgia, organized a conference on energy. The conference took place in TBC Bank’s conference hall. Minister of Energy of Georgia, Kakha Kaladze opened the conference. The goal of the conference was to discuss the challenges and …

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Forex market: The G-10 rundown for this week

John J Hardy Head of FX Strategy / Saxo Bank Denmark More patience needed for USD upside Sweden’s Riksbank surprises markets with QE Disappointment for USDJPY bulls    The G-10 rundown by Saxo Bank The G10 currencies are 10 of the most heavily traded currencies in the world. The G10 …

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NBG Increases Its Policy Rate By 50 Basis Points To 4.5%.

giorgi-kadagidze-Exchange Rate

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on February 11, 2015 and decided to increase the refinancing rate by 50 basis points to 4.5%. The monetary policy decision is based on the macroeconomic forecast, according to which the risks affecting the forecast inflation have …

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State Budget Filled through 2.2 Billion Debt

22.5% of the state budget revenues will be filled through domestic debt and money transferred from donors. In the last 2 years, the scale of the debt is rising sharply. Although the country’s debt to GDP ratio has not yet reached a critical threshold, specialists still consider taking excessive debt …

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ADB Adopts Open Access for its Development Research

The Asian Development Bank (ADB) has made all its economic and development research on Asia and the Pacific available under open access, a principle that promotes unrestricted online access to scholarly research so that it can be more widely distributed and used. ADB’s open access initiative combines the creation and …

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NBG increases its policy rate by 50 basis points to 4.5%

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met today and decided to increase the refinancing rate by 50 basis points to 4.5 percent. The decision comes following a thorough look into the country’s economic forecast, where the risks affecting the expected inflation had risen due …

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MiniCredit Café

MiniCredit Café, a MiniCredit’s innovative service center, has opened at the hypermarket of Goodwill, Kavtaradze Street  N1. MiniCredit offers services in entirely different environment. Starting December 29 clients are able to more conveniently use our credits. MiniCredit Café’s staff provides valuable services to the visitors, offers MiniCredit plastic cards with …

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