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March 2, 2015 #89
March 2, 2015, Issue 89
caucasian1 Nodar Khaduri: Oil sector is the biggest contributor to the economy
BE INFORMED, DO BUSINESS
GEORGIA
REAL GROWTH OF ECONOMY WILL BE WITHIN 2%
R
eportedly 5% forecast of economic growth will be reduced to 2% in this year and respectively, current budget will be corrected according to this index. Pg. 9
GEORGIAN WINE INVADES ASIAN MARKET
A
fter successfully delighting taste buds all over Europe, Georgian wine is continuing to make an impression around the world. Next destination – Asia. Pg. 9
“TBC BANK” OFFERS A CONCESSION TO CUSTOMERS AFFECTED BY LARI’S DEPRECIATION
I
n this regard, “TBC Bank” released a statement which says that due to GEL fall, based on the systemic risk analysis the relevant changes were made to a new loan approval procedure as well as in terms of existing borrower requests. Pg. 11
LIBERTY: RATIO OF GELDENOMINATED CREDITS IS 91%, NO NEED TO CHANGE TERMS
L
iberty Bank reports, that there is no need to change or review credit terms due to GEL devaluation, as 91% of the bank’s credit portfolio is denominated in GEL. Pg. 11
THE LOWEST TARIFFS AND 24 HOUR SERVICE – MINICREDIT PLASTIC CARD
M
iniCredit 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. Pg. 10
Bidzina Ivanishvili: “NBG owns the leverage to ensure the Lari stability in the country. Considering all the objective factors today, the Lari exchange rate should not exceed 2.0 USD to 1 Lari” Pg. 6
Giorgi Kadagidze: “I want to reassure the population that there is no threat to country’s financial stability as long as I and my team are in charge of the central bank,”
Pg. 9
IVANISHVILI VS KADAGIDZE THE BILL TO EITHER CONSTRAIN OR DEVELOP MEDIA SECTOR
Pg. 5
Winners, Losers and Expected Outcomes of New AD Regulations
GEORGIA TOOK 75% OF TOTAL FOREIGN LOANS IN 2006 TO 2012
The Way UNM Used to Strengthen GEL and the Way Georgian Dream has Devaluated GEL
T
he EU has asked the World Trade Organization (WTO) to help settle a dispute with Russia over “excessive import duties” on refrigerators, paper products and palm oil. Pg. 13
Azim Sadikov: Georgian Economy should Be Evaluated Pg. 4
Pg. 8
Pg. 5
FAST FOOD COSTS IN TBILISI
KFC the Most Pricey Fast Food Experience in Tbilisi
Pg. 7
Analytics
Pg. 9
Kakha Okriashvili: The monetary crisis will become stable by May
WORLD NEWS EU ASKS WTO TO HELP SETTLE IMPORT DUTIES DISPUTE WITH RUSSIA
Otar Danelia: Today Georgia Offers the most Attractive Environment for Investments Ever
Pg. 8
Vato Lezhava: Privatization of state property is a correct move amid the crisis Pg. 8
MyVideo.GE to Provide Free Broadcasting of 45 Georgian Channels on Internet TV Market Pg. 12
Pg. 4
Currency
Trading with Saxo Bank:
Stadiums and sports complexes
ACTIVE ENTERTAINMENT
“THE FINANCIAL WORLD IS ABOUT TO CHANGE. ACTIVE CLIENTS HAVE FOUND A WAY TO MULTIPLY THEIR EQUITY”
STRONG US DOLLAR HURTS GOLD PRICES