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Foodpanda partner Pita Fresh opens new branch on Marjanishvili st.

As the demand for ordering fast food online kept rising, the German brand foodpanda showed up on the Georgian market answering this demand. Foodpanda’s business model is unparalleled in Georgia, and their roster of partners and range of choice keeps growing daily. This time, foodpanda partner Pita Fresh opened a new …

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CHARITY TERMS BY BANK REPUBLIC – STUDENTS LOAN WITH 52.51% ANNUAL INTEREST RATE

Bank’s Discriminating Policy against Students of University of Georgia A major part of Georgia’s leading commercial banks issues students loans with different terms, but with the almost same interest rates. It is interesting whether Georgian students find the interest rates and terms affordable. Today’s article covers Bank Republic’s students loan …

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Demoted by Fitch VTB Bank Reduces Staff

Russian banks, including VTB represented in Georgia, arefacing problems. Fitch Ratings downgraded the ratings of 30 Russian financial institutions, including state-owned banks. Ratings of VTB,Rosselkhozbank and Gazprombank, thus fell belowinvestment to “junk” BB + from  BBB- with a “negative” outlook; Sberbank and VEB’s ratings fell to BBB- to  BBBwith a …

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Deposit Insurance System not to be Activated in Georgia

Deposit insurance system cannot be activated in Georgia at this stage. The economic expert Emzar Jgerenaia states. According to him, the insurance system is enacted in all normal countries and   the minimum deposits are insured  from cataclysms. The expert notes  that the introduction of the deposit insurance system  has been …

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Armenia experiencing increase in construction through foreign loans

International financial organizations have provided AMD 33 billion 246.9 million for construction in Armenia through the period between January and November of 2014. According to the statistics of the National Statistical Service, the indicator has risen by 15.2 percent compared to last year. Reportedly, half of the funding provided for …

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CHARITY TERMS BY BANK REPUBLIC – STUDENTS LOAN WITH 52.51% ANNUAL INTEREST RATE

Bank’s Discriminating Policy against Students of University of Georgia A major part of Georgia’s leading commercial banks issues students loans with different terms, but with the almost same interest rates. It is interesting whether Georgian students find the interest rates and terms affordable. Today’s article covers Bank Republic’s students loan …

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PASHA Bank enters Turkish market

The Turkish Banking Regulation and Supervision Agency (“BRSA”) has granted permission to PASHA Bank, a leading private Azerbaijani investment and corporate financial institution, to acquire the controlling stake of TAIB Bank from Aksoy Holding of Turkey. PASHA Bank and Aksoy Holding have enjoyed a strong working relationship over the last …

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Bitcoin Named the World’s Worst Currency

Which was the world’s worst currency in the past year? Bloombergview’s columnist Mark Gilbert published analytical material on this topic noting that despite  problems with the Russian ruble and Ukrainian hryvnia, Bitcoin  suffered a truecatastrophe. Bitcoin isn’t dead, but it may be mortally wounded, according to Mark Gilbert. It was …

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MFO Crystal: Fluctuations in GEL Rate Spooked Companies

Director  of the  MFO Crystal states in an interview with radio  “Commersant” that 2014 was productive for the company and the sector, but the recent national currency fluctuations  and the uncertain situation have spooked  the companies. In the words of Malkhaz Dzadzua,  if there is no surprises in this regard …

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