Georgia- Page 431

The FINANCIAL -- According to Civil Georgia, President Saakashvili said the U.S. Vice President, Joe Bides, had assured him of Washington’s continued political and economic support to Georgia.

The FINANCIAL -- According to Civil Georgia, the Russian presidential decree warning with sanctions to countries providing with arms to Georgia causes “at least bewilderment,” the Georgian Foreign Ministry said on January 19.

The FINANCIAL -- According to Civil Georgia, Russian President, Dmitry Medvedev, has ordered the government “either to restrict or cut military-technical and military-economic cooperation” with countries providing Russian or Soviet made or designed weapons to Georgia.

The FINANCIAL -- China made cell phones that are cheap and look nearly the same as global brands are significantly decreasing the sales of the original products on the Georgian market. Local retailers say that customers have become more price-oriented while official

The FINANCIAL -- “Forecasts are more pessimistic than optimistic,” says Nino Giorgobiani, PR Manager of Georgian Airways, commenting on airline traffic in Georgia and worldwide. In Georgia since the war with Russia airline companies have faced double impacts. Conflict with Russia helped

The FINANCIAL -- Georgian experts predict growth of agriculture business in the country despite being in a recession. Agriculture is presumed to become one of the most stable and profitable businesses over the next few years.

The FINANCIAL -- Against a background of large competition and international companies entering Georgia’s markets, local companies have started paying more attention to their services. However despite this most of the individuals interviewed by The FINANCIAL complained about bad services.

The FINANCIAL -- Vienna Insurance Group (VIG), the leading Insurer in CEE (Central and Eastern Europe), states that the recent accusation of the Georgian Labour Party (GLP) of International Insurance Company IRAO, is a subject of political conflict.

The FINANCIAL  -- The August war and financial crisis are showing their effects on the Georgian construction market. Developers and construction companies started making special offers, discounts and finally lowering the prices. As for the secondary house prices according to major Real

The FINANCIAL -- While the economical crisis is influencing famous chocolate producing companies around the globe, Georgian LTD Rosali Sambar isn’t going to reduce the prices of its products.