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Friday, April 18, 2014
News Making Money

Georgia Lacks Mid-Range and Budget Hotels, Report States

04/11/2013 00:00 (165 Day 06:04 minutes ago)

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The FINANCIAL -- Georgia is missing midmarket and budget internationally branded hotels , HVS Global Hospitality Services told The FINANCIAL. The company, which monitors the global hospitality business, says there is great potential for hotel development in both the sea and mountain resorts of Georgia. 

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Wendy’s Increased Smart Supermarket’s Sales by 16 Percent

04/11/2013 00:00 (165 Day 06:04 minutes ago)

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The FINANCIAL -- Of the two biggest projects implemented by Wissol Group in 2013, the introduction of American brand Wendy’s to the Georgian market was the most significant, Soso Pkhakadze, President of the Wissol Group, told The FINANCIAL.

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U.S. the Most Demanded Study Destination for Georgians, but Not Affordable

04/11/2013 00:00 (165 Day 06:04 minutes ago)

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The FINANCIAL -- The United States is one of the most popular countries for Georgian students to study in. But the statistics show that the number of students studying in the U.S. is very low. 

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Swiss Investments are Close to USD 200 Millions in Georgia

04/11/2013 00:00 (165 Day 06:04 minutes ago)

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The FINANCIAL -- Following the first ever Georgian-Swiss Business Forum the State Secretariat of Switzerland has expressed interest in investing in Georgia. 

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Georgia Needs Deposit Insurance

04/11/2013 00:00 (165 Day 06:04 minutes ago)

The FINANCIAL -- It’s hard to say when deposit insurance will become mandatory in Georgia. At least in the short term it seems a bit unrealistic to me,” Zurab Gvasalia, President of the Association of Banks of Georgia (ABG), told The FINANCIAL.

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Paid Info Services Flourishing despite Growth of Internet

04/11/2013 00:00 (165 Day 06:04 minutes ago)

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The FINANCIAL -- Internet development in Georgia has affected the income of the main paid information phone services 118-08 and 118-09, but their revenue is still sufficiently high.

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“Georgia Must Make a Clear Rejection of the Eurasian Customs Union,” American Chamber of Commerce

04/11/2013 00:00 (165 Day 06:04 minutes ago)

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The FINANCIAL -- The gloomy outlook for the European and global economy in 2014 can affect foreign direct investments as well as Georgia’s export potential, Michael Cowgill, AmCham First Vice-President, told The FINANCIAL. 

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U.S. Assistance to Georgia

04/11/2012 21:21 (529 Day 08:43 minutes ago)

The FINANCIAL -- The United States has provided over $3 billion in assistance to Georgia since its independence in 1991, including a $1 billion post-conflict assistance package in the aftermath of the 2008 conflict.

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USAID Spent USD 52 Million in Georgia this Year

04/11/2012 21:17 (529 Day 08:47 minutes ago)

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The FINANCIAL -- The largest project USAID implemented in 2012 was the Power and Gas Infrastructure Programme.

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“Georgia Didn’t Do a Sufficient Job in Attracting US Funds”

04/11/2012 21:04 (529 Day 09:00 minutes ago)

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The FINANCIAL -- “The interests of US companies in Georgia are divided in to two areas: the first is interest in American exports of goods, technologies, equipment and services; and the second area is investments in the Georgian economy. At this stage we should expect interest in energy, transportation, agribusiness, tourism and financial sectors, but it is also important to state that any business that brings profit can be interesting for American investors,” said Mamuka Tsereteli, President of the America-Georgia Business Council.

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USAID Project Secured USD 109 Million FDI, Waiting for Additional USD 559 Million

04/11/2012 20:56 (529 Day 09:08 minutes ago)

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The FINANCIAL -- With just 50 employees in total, Economic Prosperity Initiative’s (EPI) project in Tbilisi , financed by USAID, has so far secured USD 109 million in foreign investment and commitments, with an additional pipeline of investment opportunities of USD 559 million.

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“Today’s Young Generation is More Educated,” President of Caucasus University

04/11/2012 20:29 (529 Day 09:35 minutes ago)

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The FINANCIAL -- Almost 100 percent of Caucasus University’s Master’s graduates are employed, while up to 90 percent of Bachelor’s graduates are in work as well.

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Frequent Changes to Tax Code Concern for Foreign Businesses

04/11/2012 20:25 (529 Day 09:39 minutes ago)

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The FINANCIAL -- Georgian revenue administration in both the tax and customs spheres is now very modern with a strong client service approach, ample infrastructure, innovative thinking, effective use of technology and good IT infrastructure, and a young, motivated and focused staff, claims Deloitte.

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UGT Holding Expecting Moderate Growth in 2012

04/11/2012 20:19 (529 Day 09:45 minutes ago)

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The FINANCIAL -- UGT Holding, leading systems integrator and provider of solutions in the field of information and communication technology, expects to have growth of 15-20% by the end of 2012.

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David Lee: Georgia is a “buy”

04/11/2012 20:00 (529 Day 10:04 minutes ago)

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The FINANCIAL -- “If the Russian market is open for Georgia it will not disturb Georgian-American trade relations”, said David Lee, the President of Magticom and Chairman of the Eurasia Partnership Foundation.

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“American Business in Georgia Isn’t Developing at a Preferable Speed” Mamuka Tsereteli

07/11/2011 04:29 (893 Day 01:35 minutes ago)

The FINANCIAL -- Eftychis Gregos Mourginakis is a young American businessman who arrived in Georgia to invest in the country. He and his partners founded the company Delamar, which will soon start operating in the venture capital and advisory sector.

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Results 1 - 26 of 27
Banks
BofA Merrill Lynch Fund Manager Finds Continued Growth Optimism for 2014 Even With Higher Rates

16/04/2014 10:26 (1 Day 19:38 minutes ago)

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The FINANCIAL -- Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, according to the BofA Merrill Lynch Fund Manager Survey for April.

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Politics
Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (1 Day 13:11 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.

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