Georgia
Business rallies to help in fight against coronavirus across Eastern Europe and Central Asia
Business leaders across the Former Soviet Union are using some of the riches they have amassed in the last three decades to help in the fight against the coronavirus.
COLCHIS: In Georgia, the opposition may become the next COVID casualty
While Georgia’s lockdown enjoys support at home and abroad, the public health crisis has had a negative impact on the country’s political pluralism and opposition.
Slump in remittances to be twice as deep in CEE/Eurasia as during Great Recession
Global remittances are heading for the worst slump in recent history, with the steepest fall forecast for the Europe and Central Asia region, says a World Bank study.
Georgia’s TBC all set for move into Uzbekistan as officials grant banking licence
Strategy is “to establish a greenfield, next-generation banking ecosystem for retail and MSME customers”. Given operating environment and coronavirus impact, business model has “enhanced emphasis on asset-light and cost-efficient operation".
IMF to the rescue
The stop-shock caused by the coronavirus (COVID-19) pandemic has brought economies around the world to a screeching halt. 85 countires have turned to the IMF, the lender of last resort, for help