Georgia

The FINANCIAL -- The increasing number of unregulated non-bank financial institutions (NBFI) in Georgia could cause a credit crisis. The amount of credit issued adds up to the hundreds of millions. Pawnbrokers, online or private lending remain the only short-term help for borrowers. However, in the long-term perspective they are actually increasing the level of poverty in the ...

The FINANCIAL -- Bank of Georgia has signed a memorandum of cooperation with the European Chess Union. The Bank will financially support the establishment and popularization of chess at schools, as ...

The FINANCIAL -- German FDI in Georgia might exceed USD 100 million if current plans are realized. The most attractive sectors for German investors are: construction goods, agriculture, logistics and ...