Georgia- Page 450

The FINANCIAL -- The Russian-Georgian war has badly affected many local businesses and Elit Electronics, a local retail sales net, is one of those casualties. Since the hostile activities in the conflict regions occurred the company has suffered related direct and indirect

The FINANCIAL -- According to Euronews, on the eve of an EU summit on the crisis in Georgia, many in the capital Tbilisi are hoping the bloc will demand a full withdrawal of Russian troops and will recognise Georgia’s territorial integrity.

The FINANCIAL -- According to Civil Georgia, Salome Zourabichvili, Georgia’s ex-foreign minister and leader of Georgia’s Way Party – part of the opposition coalition – said she welcomed President Saakashvili decision to restore funding of the political parties, as well as a

The FINANCIAL -- Eka Tkeshelashvili, the Georgia’s foreign minister arrived in Istanbul on Saturday, where she will meet with her Turkish counterpart, Ali Babacan, the Georgian Foreign Ministry said.

The FINANCIAL -- President Saakashvili said offered on August 29 setting up of, what he called, “an anti-crisis council” to monitor foreign aid coming into Georgia as part of relief efforts after armed conflict with Russia.

The FINANCIAL -- Imedi TV will resume its news programs on September 1, the television station said in its televised announcement.

The FINANCIAL -- According to Civil Georgia, president Saakashvili said late on August 29 that Tbilisi was consulting with the United States and European nations to impose sanction on companies, which would invest in Abkhazia or South Ossetia.

The FINANCIAL -- According to U.S Department of State, Under Secretary of State for Economic, Energy and Agricultural Affairs Reuben Jeffery III is leading an interagency delegation to Tbilisi, Georgia to assess the economic and reconstruction needs for the country August 25

The FINANCIAL -- According to Herald Tribune, Russia said on August 23 that its military pullback from Georgia had been completed. But Russian forces remained entrenched deep inside Georgia, maintaining checkpoints several kilometers from Gori close to the South Ossetian border and two observation

The FINANCIAL -- While Russia has seen foreign reserves decline, a sign that the market is more nervous about investing in the region since the recent Russian-Georgian conflict, US affiliated businesses seem to be feeling more comfortable in Georgia.